Fortress Investment Group is one of the leading private equity management firms. The New York-based firm has recently been on the global map due to its massive funding to the companies that were almost dwindling in these hard economic times.
The firm was founded in 1998 and in February 2007 it was listed on the New York Stock Exchange. In the recent past, the firm pumped a significant amount of dollars to Jam City in its quest to acquire Ludia Inc. Ludia is one of the global leading developers in mobile entertainment. Ludia has developed some of the most inspiring mobile games that continue to thrill its fans.
It has been established that both Jam City and Ludia Inc. have been committed to developing innovative and polished game mechanics creating a perfect marriage between the two entities.
The partnership between the two companies that was facilitated by the New York based investment firm, Fortress Investment Group will significantly help the two companies add value to their rich and deep entertainment experiences.
Chris DeWolfe, the CEO, and co-founder of Jam City is confident about the future of mobile entertainment. He asserts that the funding from Fortress Investment Group affiliates, Netmarble and Kabam will solidify the company’s strategy of acquiring and partnering with great and magnificent companies across the globe.
Chris DeWolfe continues to depict that the funding from the Fortress Investment Group will help Jam City to heavily invest in studios that are destined to build enduring mobile entertainment. The main aim of the company is to provide its fans with mobile entertainment experiences that compete with the bestseller Hollywood hits. Chris DeWolfe asserts that it was the right time for Ludia to acquire the right strategic partnership with its ever-growing and ambitious portfolio of evergreen titles. Jam City was the right strategic partner to help Ludia achieve its full potential growth. Go Here for related Information.