Imangi Studios, Creator Of The Hit Temple Run Games, To Acquire Doodle Jump Developer Lima Sky For $1billion In Cash
New company positioned to capitalize on increasing popular “endless runner” games
RALEIGH, NORTH CAROLINA – APRIL 1, 2014 – Temple Run creator Imangi Studios today announced that it has reached a definitive agreement to acquire Lima Sky, the developer of the Doodle Jump video games franchise, for a total of $1 billion in an all-cash deal. The agreement also provides for an additional $200 million earn-out cash based on the achievement of certain milestones.
Lima Sky is a leader in making video games for mobile phones, a growing technology sector. Their break-out hit game Doodle Jump has seen over 200 million downloads to date and the company recently launched a new title Doodle Jump Race. With more than 500 million downloads of Temple Run and Temple Run 2, Imangi’s series continues to dominate the mobile gaming space.
Imangi’s idea to buy Lima Sky was sparked from the simple, disruptive idea of creating a game that will have 1 trillion installs. Igor Pusenjak, CEO of Lima Sky, elaborated: “Imangi told us they wanted to combine the endless jumper with the endless runner to create the ultimate gaming hit, and we were sold. The combined game Doodle Temple Jumping Run will be out later this year.”
“We’ve always been big fans of Doodle Jump and when Doodle Jump Race came out we just knew we had to get Lima Sky under our wing no matter what,” said Keith Shepherd, co-founder of Imangi Studios. “We are excited to bring the talent and IP of Lima Sky into the Imangi family. There’s a natural synergy between our products and we look forward to exploring more opportunities as we continue to grow.”
Fans of Doodle Jump should not worry. After the acquisition Lima Sky will continue to operate independently. “I can assure everyone that nothing will change,” said Natalia Luckyanova, co-founder of Imangi Studios.. “We’ll only add the Imangi Studios logo to the start-up screen, make the game 3D, and replace Doodle the Doodler with Temple Run’s Guy Dangerous.”
The transaction is expected to close no later than April 1, 2015.
About Imangi Studios
Imangi Studios was founded by husband and wife team Keith Shepherd and Natalia Luckyanova in 2008 with the goal of creating small fun games for everyone to enjoy. What started as a dream job for the couple has evolved into a successful business, with Keith and Natalia now working with a team of other talented game creators. In 2011, the studio developed the mega-hit Temple Run, and followed with Temple Run 2 in 2012. The two games have been downloaded over a billion times. Based in North Carolina, Imangi Studios is a self-funded and fully independent studio.
About Lima Sky
Lima Sky, creators of the bestselling Doodle Jump, is an award-winning video game and app development studio. It was founded in July 2008 by Igor Pusenjak, a graduate and faculty at the MFA interactive design program at Parsons School of Design in New York, and Marko Pusenjak, a veteran mobile applications developer. As one of the world’s leading independent publishers, Lima Sky is dedicated to creating entertaining and innovative games across multiple platforms.