Page 23 - bne Magazine Apri20

bne April 2020 Companies & Markets I 23
After Belarus and Ukraine, Russian gaming giant Playrix acquires studio
in Armenia
EWDN in Moscow
Playrix, a global Russian-founded gaming giant, announced on March 5 its acquisition of Armenian game studio Plexonic. The terms of the deal have not been disclosed, reports East-West Digital News (EWDN).
The Yerevan-based team, still led by Plexonic’s founder and CEO Gevorg Sargsyan, has already started developing a new casual mobile game, according to a corporate statement.
“Together with the talented Plexonic team, we will broaden our recruitment efforts, attract the best talent on the market, and create mobile games of the highest quality that we’re very excited about. Playrix Armenia is already on its way to becoming the largest gaming company in the region,” said Dmitri Bukhman, co-founder of Playrix.
A leading game development studio in Armenia, Plexonic has developed more than 60 casual titles since its foundation
Playrix, a global Russian-founded gaming giant, has bought the Armenian game studio Plexonic.
in 2008. The team is behind such games as Panda Jam, Pet Savers and Stretch.
Focusing on free-to-play mobile games, Playrix is a major global gaming player founded in Vologda, Russia, 16 years ago. Headquartered in Dublin, the company also has offices in Moscow, Almaty, Yerevan, Kyiv, Vologda and a dozen other Russian and Ukrainian cities.
Since April 2019, company founders Igor and Dmitry Bukhman have been featured in Bloomberg’s list of US dollar billionaires.
In August 2019 Playrix made an investment in Vizor, a major Belarusian publisher of multiplayer games for browser, social networks and mobile platforms.
A few months later, the company announced the acquisition of Ukrainian game studio Zagrava Games.
Polish software maker SoftwareHut boasts one of the fastest expansion rates in Europe
bne IntelliNews
Polish software developer SoftwareHut took the 33rd place amongst European companies in the Financial Times' annual list of the fastest-growing 1,000 European companies, published on March 2.
The software house finished the highest amongst 14 Polish technology companies that made the annual list. SoftwareHut’s global expansion into 10 different markets saw a 3,090% absolute growth rate between 2015-2018, according to the list.
SoftwareHut is a subsidiary of TenderHut, which also made the list in 627th position, with growth of 269.2%.
The Financial Times ranking was created on the basis of
a comparison of the revenue growth rates of enterprises from 32 European countries in 2015–2018.
At the end of 2018, the Białystok-based software developer recorded revenue of PLN19.9mn (€4.67mn), compared to PLN620,000 in 2015. The compound annual growth rate (CAGR) from the years 2015-2018 was 217%.
A vast 95% of the company’s turnover is generated on foreign soil as the company currently operates out of 10 global markets.
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