Glu Mobile

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Glu Games,Inc.
Type Public (NASDAQ: GLUU)
Industry Computer and video games
Founded 2001
Headquarters San Francisco, California
Key people Niccolo DeMasi (CEO)
Eric Ludwig (CFO)
Matt Ricchetti (President of Studios)
Kal Iyer (SVP of R&D)
Mike DeLaet (SVP of Global Publishing)
Greg Cannon (VP of Finance)
Jesse Taylor (VP of Studios)
Harry Liu (VP of 3rd Party Publishing)
Scott Leichtner (VP & General Counsel)
Revenue Increase 79 million
Net income Decrease 18 million
Website www.glu.com

Glu Games is a publisher of mobile games for smartphone and tablet devices. Founded in San Francisco in 2001, Glu Mobile has since taken up office in more than 4 countries. Glu Mobile offers products to multiple platforms including iOS, Android, Amazon, Windows Phone and Google Chrome[1]

Contents

History [edit]

In 2005, San Mateo-based Sorrent and London based Macrospace merged to become Glu Mobile. Earlier that same year, Greg Ballard replaced Sorrent founder Scott Orr as CEO. In 2006 Glu Mobile acquired iFone and in 2007 it acquired Chinese mobile game producer Beijing Zhangzhong MIG Information Technology Co. Ltd. ("MIG"). In March 2008 Glu Mobile acquired San Clemente-based mobile developer Superscape.

In January 2010, Niccolo de Masi joined Glu Mobile as the President and CEO. Mr. de Masi was previously CEO at Hands-On Mobile. Since Niccolo's arrival, Glu has transitioned to a freemium business model focused around Glu's original IP.

On August 2, 2011, Glu Mobile acquired Griptonite Games. Its staff of 200 "approximately doubles" Glu's internal development capacity.[2]

Ownership [edit]

The majority stake of Glu Mobile shares are held by institutions, at the start of the third quarter of 2012, institutional ownership was 78% of the outstanding shares according to Google Finance statistics.[3]

The top 15 institutional shareholders ranked by holding size at the start of the second quarter of 2012 according to NASDAQ statistics[4] are the following.

Institution Name Date Shares Held
NEA MANAGEMENT COMPANY, LLC 06/30/2012 5,943,793
ALPHAONE INVESTMENT SERVICES, LLC 06/30/2012 3,233,900
ALLIANZ ASSET MANAGEMENT AG 06/30/2012 2,371,465
COLUMBIA PARTNERS L L C INVESTMENT MANAGEMENT 06/30/2012 2,224,931
BECKER DRAPKIN MANAGEMENT, L.P. 06/30/2012 1,795,500
WELLS FARGO & COMPANY/MN 06/30/2012 1,759,337
SRS INVESTMENT MANAGEMENT, LLC 06/30/2012 1,710,000
BARCLAYS GLOBAL INVESTORS UK HOLDINGS LTD 06/30/2012 1,562,733
ARCHON CAPITAL MANAGEMENT LLC 06/30/2012 1,328,800
VANGUARD GROUP INC 06/30/2012 1,233,378
DRIEHAUS CAPITAL MANAGEMENT LLC 06/30/2012 1,192,068
BLACKROCK FUND ADVISORS 06/30/2012 1,176,925
BANK OF NEW YORK MELLON CORP 06/30/2012 1,024,227
WASHINGTON CAPITAL MANAGEMENT INC 06/30/2012 951,818
S SQUARED TECHNOLOGY, LLC 06/30/2012 863,900

Games developed [edit]

References [edit]

  1. ^ http://www.glu.com/about
  2. ^ http://www.gamasutra.com/view/news/126331/Glu_Mobile_Picks_Up_Griptonite_Blammo_After_Narrowing_Losses.php
  3. ^ http://www.google.com/finance?q=NASDAQ:GLUU#
  4. ^ http://www.nasdaq.com/symbol/gluu/institutional-holdings#
  5. ^ "Gun Bros Freemium dual stick xBox Live shooter". BestWP7Games. 12 July 2012. 
  6. ^ "Bug Village : a real pest of a game". BestWP7Games. 22 January 2012. 

External links [edit]

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