Rovio Entertainment Corporation

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Rovio Entertainment Corporation (originally as Relude) or simply known as Rovio is a Finnish video game developer and entertainment company based in Espoo.

The company was founded in 2003 as a mobile game developer called Relude, and in 2005 it was renamed Rovio. She is recognized for creating the Angry Birds video game franchise.

History

In 2003, three students from the Helsinki University of Technology (now Aalto University School of Science and Technology), Niklas Hed, Jarno Väkeväinen and Dikert Kim participated in the "Assembly Demo Party" mobile game development competition, sponsored by Nokia and HP. The victory with the real-time multiplayer game King of the Cabbage World forced the trio to create their own company, Relude. The game was sold to Sumea (now known as Sumea Studios, as part of Digital Chocolate) and they changed their name to Mole War, which became the first real-time multiplayer game marketed for mobile phones in the world.

In January 2005, Relude received its first investment journey from an angelic investor, and the company changed its name to Rovio Mobile.3

In December 2009 Rovio released Angry Birds, a puzzle video game for the iPhone. Angry Birds has been downloaded more than a billion times, 4 of which 25% of downloads have been paid, making it one of the best-selling games on the Apple App Store.

In March 2011 Rovio secured $ 42 million in venture capital financing from Accel Partners, Atomico and Felicis Ventures.5 Then, in July 2011, the company changed its name to Rovio Entertainment Ltd.

In March 2012, Rovio acquired Futuremark Games Studio, the game development division of benchmarking company Futuremark, for an undisclosed amount.6 The following month, on May 9, Rovio announced that Angry Birds had reached its download. billion. The company's communications officer said in an email: "We are very grateful for all the support from the fans, and we can't wait to see what awaits us."

Games developed

1. ↑ Technology & Economics (ed.): «600-700 employees in Rovio next year» (en finlandés). tehnikaikkazdaság.fi (8 November 2011). Consulted on 13 July 2012.
2. ^ Rovio Mobile (ed.): "Rovio Entertainment Reports 2011 financial results". rovio.com (May 7, 2012). Accessed July 16, 2012.
3. ^ BusinessWeek (ed.): "Company Overview of Rovio Entertainment Oy". investing.businessweek.com. Accessed July 16, 2012.
4. ^ Fried, Ina (May 9, 2012). AllThingsD (ed.): "Rovio Passes a Billion Angry Birds Downloads, Still Mulling IPO". allthingsd.com. Accessed July 15, 2012.
5. ^ Schroeder, Stan (March 10, 2011). Mashable (ed.): "Angry Birds Turn Rich, Get $ 42 Million in Funding". mashable.com. Accessed July 15, 2012.
6. ↑ Ratcliffe, Chris (27 de marzo de 2011). The Washington Post (ed.): «‘Angry Birds’ creator adds Futuremark Game Studio’s team to fleet of talent»(en inglés). washingtonpost.com. Consultado el 16 de julio del 2012.
7. ^ Pan, Joann (May 9, 2012). Mashable (ed.): "Rovio Rejoices Over Billionth Angry Birds Download". mashable.com. Accessed July 16, 2012.