Sections

TabTale acquires Kids Games Club

Educational app companies strike a deal worth between $3m and $4m

The Israeli educational app developer Kids Games Club has been acquired by publisher TabTale for around $3 million.

According to a report on TechCrunch, TabTale, which is also based in Israel, paid between $3 million and $4 million dollars for Kids Game Club. Sagi Schleisser, TabTale's CEO, claimed that both companies were profitable prior to the acquisition.

"We'll be disappointed if we only make $10 million in revenue this year," he said.

TabTale is focused on making tablet apps for kids and families, and the two companies' combined portfolios comprise 200 apps with almost 100 million downloads. With such a large back-catalogue of content, Schleisser believes that TabTale is on a good position to experiment with a subscription model.

Related stories

Beware these soft-launch mistakes

Mike Herron, managing director at ChilliConnect, outlines the key aspects developers should master for soft-launching their games

By Mike Herron

ZeptoLab: "There's no way around it. Devs need to understand the numbers"

CEO Misha Lyalin discusses the increasing focus on metrics in mobile games, as well as his company's quest to publish the next big hit

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.