Oberon Media Secures Financing Round Led by Goldman Sachs, Morgan Stanley and Oak Investment Partners
Infusion of Capital Takes Casual Games Leader to Next Stage of Growth
SEATTLE - June 27, 2006 - Oberon Media, the leading casual game solutions provider announced today that it has secured mezzanine financing from Goldman Sachs, Morgan Stanley, Oak Investment Partners and existing investors including Capricorn Management, the investment firm of Jeff Skoll, eBay's first employee and first president. The investments will support future growth and acquisitions as the company expands its global leadership position in the casual games space.
Oberon Media's multi-faceted casual games platform currently offers hundreds of games in 14 languages and more than 200 countries to more than 300 million unique players. Its worldwide reach and impressive list of partner companies make Oberon Media the casual games industry's most comprehensive global solutions company.
"As our business grows, we're proud to have the support of the world's leading financial institutions," Tal Kerret , Oberon Media's co-founder, chairman and head of strategic partnerships said. "These investments indicate a clear vote of confidence in the company's future."
"Oberon Media's strong market position and strategic partnerships made it a very compelling investment for Morgan Stanley," said David Smoot, managing director of Morgan Stanley. "We're pleased to be aligned with the leading company in this burgeoning market."
"Oberon Media is an innovative company with the strongest leadership team in the business," Ifty Ahmed , general partner at Oak Investment Partners said. "They have consistently led the way with creative business models and innovative use of technology, and we expect them to continue to gain market share globally."
"We continue to be astounded by the reach of Oberon Media, which rivals that of many well-known media companies; their games touch hundreds of millions of people around the world," Ion Yadigaroglu, managing principal of Capricorn Management said. " Oberon Media is the clear leader of this exciting, rapidly growing medium."
About Oberon Media
Oberon Media is the world's leading casual games solution provider. The Oberon Game Center platform is the industry standard and has been adopted by some of the world's largest corporations. The platform combines casual game content, merchandizing and features to fulfill each partner's specific needs. Oberon Media's publishing arm works with the industry's best, award-winning game developers to produce the top-selling casual games, which can be played in more than a dozen languages on PC, web-based, mobile and console platforms. Oberon Media was founded in 2003 and has offices in New York, Seattle, London, Cyprus, Tel Aviv and Singapore .
About Goldman Sachs
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London , Frankfurt, Tokyo , Hong Kong and other major financial centers around the world.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.
About Oak Investment Partners
Established in 1978, Oak Investment Partners is a venture capital firm with a strong track record as a multi-stage investor with a total of $8.4 billion in committed capital. Their primary investment focus is on high growth opportunities in communications, information technology, consumer internet, new media, financial services information technology, semiconductors, healthcare services and consumer retail. Oak concentrates on building long-term relationships with experienced management teams to develop successful companies that deliver consistent performance over time. These include 2Wire, Aquantive, Compaq, Fastclick (acquired by ValueClick), Genzyme, Gmarket, IGE, Inktomi (acquired by Yahoo!), Parametric Technology Corporation, Polycom, RazorGator, Seagate Technologies, SMIC, Sybase, Synaptics, Synopsys, TeleAtlas, Virata, Wireless Facilities (WFII), etc. For more information, please visit www.oakvc.com
About Capricorn Management
Capricorn Management is the investment arm of Jeff Skoll , who in 1996 became the first president and first fulltime employee of eBay. Mr. Skoll is also the founder and CEO of Participant Productions, which in 2005 produced the films Good Night, and Good Luck, North Country , Syriana, and Murderball, nominated for a combined 11 Academy AwardsT. With its substantial and permanent capital base, Capricorn Management develops relationships with innovative, success-focused investors, companies and entrepreneurs across the world.
All trademarks, registered trademarks and product names are the property of their registered owners.
SEATTLE - June 27, 2006 - Oberon Media, the leading casual game solutions provider announced today that it has secured mezzanine financing from Goldman Sachs, Morgan Stanley, Oak Investment Partners and existing investors including Capricorn Management, the investment firm of Jeff Skoll, eBay's first employee and first president. The investments will support future growth and acquisitions as the company expands its global leadership position in the casual games space.
Oberon Media's multi-faceted casual games platform currently offers hundreds of games in 14 languages and more than 200 countries to more than 300 million unique players. Its worldwide reach and impressive list of partner companies make Oberon Media the casual games industry's most comprehensive global solutions company.
"As our business grows, we're proud to have the support of the world's leading financial institutions," Tal Kerret , Oberon Media's co-founder, chairman and head of strategic partnerships said. "These investments indicate a clear vote of confidence in the company's future."
"Oberon Media's strong market position and strategic partnerships made it a very compelling investment for Morgan Stanley," said David Smoot, managing director of Morgan Stanley. "We're pleased to be aligned with the leading company in this burgeoning market."
"Oberon Media is an innovative company with the strongest leadership team in the business," Ifty Ahmed , general partner at Oak Investment Partners said. "They have consistently led the way with creative business models and innovative use of technology, and we expect them to continue to gain market share globally."
"We continue to be astounded by the reach of Oberon Media, which rivals that of many well-known media companies; their games touch hundreds of millions of people around the world," Ion Yadigaroglu, managing principal of Capricorn Management said. " Oberon Media is the clear leader of this exciting, rapidly growing medium."
About Oberon Media
Oberon Media is the world's leading casual games solution provider. The Oberon Game Center platform is the industry standard and has been adopted by some of the world's largest corporations. The platform combines casual game content, merchandizing and features to fulfill each partner's specific needs. Oberon Media's publishing arm works with the industry's best, award-winning game developers to produce the top-selling casual games, which can be played in more than a dozen languages on PC, web-based, mobile and console platforms. Oberon Media was founded in 2003 and has offices in New York, Seattle, London, Cyprus, Tel Aviv and Singapore .
About Goldman Sachs
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London , Frankfurt, Tokyo , Hong Kong and other major financial centers around the world.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.
About Oak Investment Partners
Established in 1978, Oak Investment Partners is a venture capital firm with a strong track record as a multi-stage investor with a total of $8.4 billion in committed capital. Their primary investment focus is on high growth opportunities in communications, information technology, consumer internet, new media, financial services information technology, semiconductors, healthcare services and consumer retail. Oak concentrates on building long-term relationships with experienced management teams to develop successful companies that deliver consistent performance over time. These include 2Wire, Aquantive, Compaq, Fastclick (acquired by ValueClick), Genzyme, Gmarket, IGE, Inktomi (acquired by Yahoo!), Parametric Technology Corporation, Polycom, RazorGator, Seagate Technologies, SMIC, Sybase, Synaptics, Synopsys, TeleAtlas, Virata, Wireless Facilities (WFII), etc. For more information, please visit www.oakvc.com
About Capricorn Management
Capricorn Management is the investment arm of Jeff Skoll , who in 1996 became the first president and first fulltime employee of eBay. Mr. Skoll is also the founder and CEO of Participant Productions, which in 2005 produced the films Good Night, and Good Luck, North Country , Syriana, and Murderball, nominated for a combined 11 Academy AwardsT. With its substantial and permanent capital base, Capricorn Management develops relationships with innovative, success-focused investors, companies and entrepreneurs across the world.
All trademarks, registered trademarks and product names are the property of their registered owners.
Play Games at iplay.com
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Oberon Media, through its I-play division, is a leading publisher of casual games across multiple platforms.
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