Xendex, a
PRESS RELEASE
In a first round of financing, PONTIS Venture Partners, a venture capital company headquartered in
Portfolio of market leader Xendex
Founded in January 2001, Xendex was among the first companies in
Awards for high-quality mobile games
Xendex has repeatedly received awards for its high-quality game development. Over the course of recent years, the company's titles were awarded prizes by the gaming press as well as mobile operators, such as the “Game of the Year” award from mobile service provider O2 in the
Content Service Area for the growth markets in Central- and
Further, Xendex is providing content services such as quality assurance, games distribution as well as portfolio- and portal management for mobile service providers and independent games portals. The primary geographical focus of this business area lies in Central- and Eastern European markets, and Xendex has generated a sales growth of 80% in the last year with over 70 channel partners, including T-Mobile,
A Future Global Player thanks to Venture Capital
Dr. Christoph Breidert, investment manager at PONTIS, comments on the participation: “It was not only the market successes as seen in recent times and the technically perfected and innovative production processes for mobile games; we were especially convinced by the positive feedback we received from the existing client base. We believe that Xendex is on its way to becoming a global player and wish to support it with our investment and know-how.”
Due to the flexible software technology the company owns, it is only a small step for Xendex to not only develop games for mobile phones, but also for other mobile devices such as the games console Nintendo DS. The worldwide revenue in this market segment adds up to billions of Euro and thus has a strategic relevance in the further growth of the company.
Michael Haberl, CEO of Xendex: “After more than seven years of success in the globally dynamic market for mobile games we wanted to join with financially powerful partners to accelerate our further international growth. Our partnership with PONTIS encourages this path in a consistent and capable manner. We are especially pleased that with PONTIS we will also gain a technologically knowledgeable partner. With the support of the business angels, we will be able to extend both operative and distributional activities, so that Xendex will have even stronger international footing.”
Mirko Kinigadner, business angel (former business manager of 3United / Verisign Communications GmbH): “Due to the in-depth knowledge of the market we gained over the years with 3United as well as the long-term business relationship with Michael Haberl, CEO of Xendex, we have decided to support the expansion of Xendex financially as well as through our existing network and operational activities.”
About Xendex Holding GmbH
Founded in 2001 Xendex is today a leading independent mobile and online games developer studio in
Using its cutting edge creative and technology know-how, the company