Sao Paulo, Brazil - November 14, 2006 - Glu Mobile, a leading creator and global publisher of mobile entertainment, today announced the opening of Latin American headquarters in Sao Paulo, Brazil. The company has been selling mobile games in Latin America since 2003, and in the past year has deepened its focus in the region. As a result, Glu's revenue in Latin America nearly doubled in Q3 2006 over the same quarter in 2005 through the addition of key carrier partners and the launch of popular titles including Atari Classics, MONOPOLY and Ice Age II: Arctic Slide.
"We feel strongly that our success as a global publisher depends on establishing a local presence to truly understand the needs of the region," said Greg Ballard, president and chief executive officer, Glu Mobile. "We have seen great enthusiasm and reception for our games in Latin America, and as one of the first publishers to have success in the region we believe that opening regional headquarters will allow us to expand our leadership position in this very important market."
The Latin American office will be headed by Bill Woods, who joined Glu earlier this year from THQ Wireless, where he was head of publishing for the Americas. While at THQ Wireless, Woods grew the North and South American business 600 percent in 2004 and 2005. Woods has spent the past ten years in Latin America in sales and finance positions with Lucent Technologies, Conectium, a leading SMS and mobile content aggregator in Latin America and ClearSky Mobile Media, a mobile data WAP and SMS ASP.
The opening of Glu's Sao Paulo office reinforces the company's philosophy of establishing local offices to serve individual markets' needs. Earlier this year, Glu opened an office in Hong Kong to support the Asia Pacific region, and more recently, the company expanded its European presence through the acquisition of leading UK mobile publisher, iFone.
For more information visit http://www.glu.com.