HELSINKI, Dec. 8, 2016 /CNW/ -- Kuuhubb OY, a Finland based company specializing in boosting Asian distribution and brand/IP collaborations of mobile app and VR vendors, has acquired Kemojo Studios. Kemojo is a mobile game developer based in Vancouver, currently with 22 employees. It was founded in 2010 and it focuses on two promising mobile game niches - action shooter and idle RPG. Kemojo Kuuhubb Studios, as it will be known after the acquisition, is gearing to launch several major titles in 2017 in these genres.
Kemojo has worked with Kongregate, Fox, Jagex, Big Fish Games, EA Popcap and Rovio Stars. The core team has launched over 20 mobile games and amassed over 100 million downloads worldwide. Key titles include Tap Cats: Idle Warfare and Drone: Shadow Strike. Studio leadership includes grizzled game industry veterans Sean Megaw, Eva Toker Neil Martin and Steve Hart. Kemojo's particular strength lies in lavish, detailed graphics and a distinctive look of its games.
Kuuhubb was established in the summer of 2016. Cofounders include CEO Jouni Keränen, Director Christian Kolster and Chief Strategist Tero Kuittinen. Mr. Keränen is known best for building the Sulake business in China and helping to grow Habbo Hotel, the virtual world that has garnered 270 Million registered avatars. Mr Kolster is an experienced investor in the Nordic VC/PE funding scene. Mr Kuittinen worked as the only Finnish sell-side telecom analyst on Wall Street in 2003-2011, starting his US equity research career at Sanford C Bernstein.
Commenting on the acquisition, Kuuhubb CEO Jouni Keränen points out that "Kuuhubb will have a tight focus on app vendors that specialize in underappreciated, strongly growing niches, just outside the mobile app mainstream. We seek studios that have an eclectic vision and deep passion of turning slightly offbeat niches into major genres of tomorrow. We have high hopes for Asian growth prospects of upcoming Kemojo titles, as well as certain compelling licensing projects."
Kuuhubb mission is to build app vendors with strong Asian distribution and marketing, as well as robust IP partnerships with leading Western brands and media properties. Kuuhubb provides growth funding and go-to market support for mobile application vendors and VR/AR companies. Too many app industry resources are spent on copying old formulas - too little is invested in nurturing new engines of growth; product segments that demonstrate strong early revenue growth and robust engagement. Kuuhubb has a particular interest in identifying nascent, under the radar genres with evident momentum. The goal is to invest in growth areas of the future, via specialist studios with profound understanding of their particular segments. Kuuhubb studios will possess skills and passion to iterate successive generations of products in these select niches. Kuuhubb is based in Helsinki, Finland, with operations in New York and Hong Kong.
SOURCE Kuuhubb OY
For further information: Kuuhubb Chief Strategist, [email protected]