IGG shrugs off plagarism and grabs the bag of loot.
It never fails. When trying to get a big deal closed there is almost always a point when everything seems to be running smoothly, and then a piece of news will pop up and make everyone run for cover. I'm sure someone at IGG had that pucker-factor when there was some concern over art assets in one of the games they publish. I understand why IGG was so quick to dispute and distance itself from those recent plagiarism issues. I would hate to be the person who gets tasked with "hey, we need someone to call the investors and tell them all of this plagiarism stuff is bogus." Well luckily for IGG, the investors didn't back down (or couldn't at that point) and they have secured another $10 million in funding from a global venture capitalist (Vertex Group) and a long-time media investor Hearst Interactive Media. Other private parties were involved as well.

The new funding is earmarked for IGG's further expansion into Europe and Asia, with no mention of tackling any other projects in the North American segment. In true marketing speak, the venture capitalists said:

“IGG has a unique differentiated business model and a very strong and experienced team.” said Mr Chua Kee Lock, Group President & CEO of Vertex Group. “We are very excited with the investment in IGG and we look forward to working closely with the company and bring it to a greater growth as it expands its business and geographic presence,” added Mr Chua Kee Lock.

If you can pick out any real information from those quotes, please let me know. If you are unfamiliar with IGG and don't count yourself as one of their reported 8 million registered users, then you can find them at IGG.com.

Last Updated: Mar 13, 2016

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