Shanghai, China- and Los Angeles-based UltiZen Games Ltd., which provides game development and outsourcing, is investing $3.5M in its game studios in China, the firm said Wednesday. UltiZen said it would open a new $1.5M studio in Suzhou, China, and invest the remaining $2.0M in its current Shanghai and Beijing studios. UltiZen provides outsourcing and development of video games, and has its U.S. headquarters in Los Angeles. The firm--which is venture backed by PAC-LINK, Japan Asia Investment Co. (JAIC) and CyberAgent--recently landed $6M in a Series B funding. UltiZen said it will hire 100 developers in its new Suzhou location, and bolster its Shanghai staff to 450 from its current 350.
Top NewsWednesday, November 12, 2008
UltiZen Bolsters Chinese Operations