Xendex lands $3.6 million funding following PSP Minis developments
European developer Xendex has been a stalwart of the mobile and online industries since 2001, and has recently seen renewed success through its entry into the iPhone and PSP Minis markets, and through a successful licensing deal with Red Bull.
The company has been rewarded for its continued growth with an extra $3.6 million in venture capital funding from investment group Pontis Capital.
"The year 2009 has been a year of transition for us," says Xendex CEO Michael Haberl. "We have encountered some of the most challenging market conditions our industry has ever seen. At the same time, we have been implementing significant changes in the company, changes that will make us even stronger going forward from here."
The company, which has offices in the UK and across Europe, has made over 50 mobile games, and developed a series of online casino and gambling games alongside its more recent venture into smartphone, iPhone and handheld consoles.