Nazara Technologies acquires NextWave Multimedia

Nazara Technologies has acquired a majority stake in Chennai based NextWave Multimedia.

NextWave multimedia, a Chennai based mobile gaming company predominately focuses on developing casual & multi-player mobile games in sports genre with over 100 million downloads in the last 7 years. NextWave owns the IP of the most popular mobile cricket game in India - World Cricket Championship (WCC).

With acquisition of NextWave, Nazara strengthens its portfolio of offerings in the virtual interactive sports genre in India and other emerging markets. The NextWave acquisition comes after Nazara’s investments in MasterMind Sports, Moong Labs and more recently HalaPlay.

Commenting on the new partnership, CEO of Nazara Games, Manish Agarwal said, “Nazara has been on the lookout for gaming companies which have established strong leadership in the sports genre. NextWave offers a strong promise of dominating the space globally with its massive large fan base of over approx. 15 million monthly active users and very strong product offering.”

According to P.R Rajendran, CEO, Nextwave, “The complementary skill sets of NextWave and Nazara and the synergy in between is sure to accelerate growth of Nextwave in coming years.” He further adds, “Nazara's expertise in creating scalable and profitable business models around consumer transactions globally will give us the needed impetus to grow along with them.”

Nextwave’s World Cricket Championship has been built over many years. The game engine is proven and has huge feature sets which will form a strong base for building future versions of the game currently under development