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Rovio Entertainment

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Rovio
Company typePrivate
IndustryVideo games
Founded2003
HeadquartersEspoo, Finland
Key people
Mikael Hed, CEO
Number of employees
55 (2011)[1]
Websitewww.rovio.com

Rovio Mobile Ltd. or Rovio is a Finnish computer game developer founded in 2003 as Relude, and in 2005 renamed as Rovio, based in Espoo.[2] The company is best known for its game Angry Birds for smartphones.

Company history

In 2003, three students from Helsinki University of Technology (currently Aalto University School of Science and Technology), Niklas Hed, Jarno Väkeväinen, and Kim Dikert participated in a mobile game development competition at the Assembly demo party sponsored by Nokia and HP. A victory with a real-time multiplayer game called “King of the Cabbage World” compelled the trio to set up their own company, Relude. King of the Cabbage World was sold to Sumea (now Digital Chocolate), and renamed to Mole War, which became the first commercial real-time multiplayer mobile game in the world.

In January 2005, Relude received its first round of investment from a business angel, and the company changed its name to Rovio Mobile.[3]

In December 2009 Rovio released Angry Birds, a catapult-puzzle game for the iPhone. Angry Birds has since been downloaded over 42 million times, with paid downloads accounting for more than 25% of total downloads,[4] making it one of the most sold games in the App Store.

In March 2011 Rovio raised $42 million in Venture Capital Funding from Accel Partners, Atomico and Felicis Ventures.[5]

Games developed

References

  1. ^ "Number of employees". Talouselämä. 2011-03-18. Retrieved 2011-03-18.
  2. ^ "Rovio - Contact". Rovio. 2010-10-01. Retrieved 2010-10-01.
  3. ^ Rovio company webpage
  4. ^ [1]
  5. ^ "Angry Birds Turn Rich, Get $42 Million in Funding". Mashable. March 10, 2011.