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Among the most successful ones are Skyforge, Legend: Legacy of the Dragons, Allods Online, Lovely Farm, Evolution: Battle for Utopia, Jungle Heat, Warface, Arche Age, Perfect World, and more"We are very pleased to be adding one of the world’s most talented teams of mobile games developers," commented Mail.

Ru Group's CEO, Dmitry Grishin, on the acquisition. where Pixonic’s War Robots generates the bulk of its revenues.

Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic.

The LSE-listed group has acquired a 100% stake for million in cash, including million upfront and million deferred and based on performance indicators.

Pixonic was initially backed by Russian venture fund Add Venture.

In subsequent rounds the company obtained an additional

Among the most successful ones are Skyforge, Legend: Legacy of the Dragons, Allods Online, Lovely Farm, Evolution: Battle for Utopia, Jungle Heat, Warface, Arche Age, Perfect World, and more"We are very pleased to be adding one of the world’s most talented teams of mobile games developers," commented Mail.Ru Group's CEO, Dmitry Grishin, on the acquisition. where Pixonic’s War Robots generates the bulk of its revenues.Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic.The LSE-listed group has acquired a 100% stake for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance indicators.Pixonic was initially backed by Russian venture fund Add Venture.In subsequent rounds the company obtained an additional $1 million from QIWI founder Andrey Romanenko and $5 million from Russia’s Kite Ventures, Ukraine’s TA Ventures and France’s Ventech.Gaming is one of the key activities of the group, whose portfolio includes a number of MMOs, social and mobile games.

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Among the most successful ones are Skyforge, Legend: Legacy of the Dragons, Allods Online, Lovely Farm, Evolution: Battle for Utopia, Jungle Heat, Warface, Arche Age, Perfect World, and more"We are very pleased to be adding one of the world’s most talented teams of mobile games developers," commented Mail.

Ru Group's CEO, Dmitry Grishin, on the acquisition. where Pixonic’s War Robots generates the bulk of its revenues.

Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic.

The LSE-listed group has acquired a 100% stake for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance indicators.

Pixonic was initially backed by Russian venture fund Add Venture.

In subsequent rounds the company obtained an additional $1 million from QIWI founder Andrey Romanenko and $5 million from Russia’s Kite Ventures, Ukraine’s TA Ventures and France’s Ventech.

Gaming is one of the key activities of the group, whose portfolio includes a number of MMOs, social and mobile games.

Among the most succesful ones are Skyforge, Legend: Legacy of the Dragons, Allods Online, Lovely Farm, Evolution: Battle for Utopia, Jungle Heat, Warface, Arche Age, Perfect World and others.

million from QIWI founder Andrey Romanenko and million from Russia’s Kite Ventures, Ukraine’s TA Ventures and France’s Ventech.

Gaming is one of the key activities of the group, whose portfolio includes a number of MMOs, social and mobile games.

Among the most succesful ones are Skyforge, Legend: Legacy of the Dragons, Allods Online, Lovely Farm, Evolution: Battle for Utopia, Jungle Heat, Warface, Arche Age, Perfect World and others.

In 2015, Pixonic’s revenues reached 456 million rubles (approximately .3 million at the average exchange rate).

In 2013, it began developing more long-term mobile projects.

Pixonic’s first success in this segment was Robinson, followed by War Robots.

The company has not become a “global leader” yet, but it employs more than 100 professionals and specialists in its offices in Belgorod and Moscow (Russia) and Berlin.

They jumped to 619 million rubles (.8 million) in H1 2016, placing Pixonic 8th among Russian game publishers.

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This is especially the case in the US, where Pixonic’s War Robots generates the bulk of its revenues.