Quepasa completes acquisition of XtFt Games

Tuesday, March 8, 2011

Quepasa Corporation (NYSE: QPSA) - creator and operator of Quepasa.com, the online social network and game platform for the Latino community - has completed the acquisition of Brazilian company XtFt Games, the former said in a statement.

XtFt Games owns all the assets of TechFront Desenvolvimento de Software, a social game development studio based in Curitiba, Brazil.

Founded in 2006 as a developer of multiplatform console, web and mobile games, TechFront began developing social games for Google's Orkut platform in 2010 in partnership with various international publishers, including US-based eGames.

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After the acquisition, TechFront will operate under the Quepasa Games brand. The new unit has a team of 41 game developers. Quepasa plans to launch its first four social game titles by May, company CEO John Abbott said.