BREAKING NEWS - MySpace Founder Acquires Mindjolt.com

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More big news coming out of the social games market - Mindjolt has been acquired by MySpace founder Chris DeWolfe's company, Platform G. MindJolt.com is not just a games website. Mindjolt was one of the first games portals to be on the Facebook application platform and has a huge audience. According to AppData.com, Mindjolt has over 19 million monthly active users with about 3.3 million daily users.





Check out the official press released after the jump:

PRESS RELEASE

Today, MySpace founders Chris DeWolfe, Colin Digiaro, and Aber Whitcomb announced a partnership with Austin Ventures to acquire MindJolt, one of the fastest growing online social gaming platforms. As mentioned in the below release - MindJolt has more than 20 million monthly active unique users on Facebook, MindJolt.com and other social sites and aggregates 1,300 of the best casual games on the Web from developers worldwide.

Building on MindJolt's expansive online footprint, the new team will extend the platform by focusing on three major initiatives including: (1) increased monetization through major brand partnerships and virtual good offerings, (2) expanding MindJolt's global presence to all relevant websites and smart phone platforms, and (3) working closer with game developers to create tools for single player and multiplayer social games.

Please feel free to contact us with any questions.

Thanks,
The MindJolt team



MYSPACE FOUNDERS PARTNER WITH AUSTIN VENTURES TO ACQUIRE MINDJOLT

Social Web Pioneers Building MindJolt Into Next Generation Platform for Game Developers

SAN FRANCISCO -- March 3, 2010 -- MySpace Founders Chris DeWolfe, Colin Digiaro, and Aber Whitcomb today announced a partnership with Austin Ventures, to acquire MindJolt, one of the fastest growing online social gaming platforms. With more than 20 million monthly active unique users on Facebook, MindJolt.com and other social sites, the company aggregates 1,300 of the best casual games on the Web from developers worldwide.

Building on MindJolt's expansive online footprint, the new team will extend the platform by focusing on three major initiatives including: (1) increased monetization through major brand partnerships and virtual good offerings, (2) expanding MindJolt's global presence to all relevant websites and smart phone platforms, and (3) working closer with game developers to create tools for single player and multiplayer social games.

"MindJolt has quickly become an "onramp" to the Internet for the world's independent game developers," said Chris DeWolfe, CEO of MindJolt and former CEO of MySpace. "We're building out the company to become the next generation platform for game developers. Our goal is to make it even easier for developers to get their games noticed and make more money from their work. At the same time we will deliver the most social and viral gaming experiences to our millions of users everywhere"

With over 20 million monthly active users across the Web, MindJolt provides game developers of any size a way to monetize their games, access to massive distribution on the world's most popular social platforms, and creates viral game play by injecting unique social layers into the casual and social game experience. More than 1,000 game developers use the company's application to reach audiences across the world's most popular social platforms. The sheer number of game players on MindJolt levels the playing field for indie game developers by giving them access to an engaged, highly social audience.

"We've always backed great management teams and great companies," said Chris Pacitti, General Partner of Austin Ventures. "A partnership with the MySpace founders is a rare opportunity and MindJolt is a company with the right scale, momentum, and market position to succeed. We're thrilled to be a partner on this deal."

Based in San Francisco, MindJolt's executive team includes Chief Executive Officer Chris DeWolfe (co-founder and former CEO of MySpace), Chief Operating Officer Colin Digiaro (MySpace's former head of Monetization and co-founder of SlingShot Labs), Chief Technology Officer Aber Whitcomb (MySpace's former Chief Technology Officer and co-founder of MySpace), SVP of Business and Corporate Development Josh Yguado (Former VP of Business Development at Fox Networks Group), and Richard Fields, the founder of MindJolt and head of product strategy.

"Independent game developers have always been the lifeblood of MindJolt.
We've done a great job of connecting with the independent casual game community and we're looking to expand our efforts to social game developers as well." said Richard Fields, Founder of MindJolt. "The new MindJolt team is united on its vision to empower game developers of every size to build their businesses. We now have the resources to extend our product vision and build what they're asking us for."

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About MindJolt
MindJolt is a social gaming platform that provides game developers of all sizes a way to monetize their games, and access to a massive gaming audience on the world's most popular social platforms. With more than 20 million unique users across the Web, MindJolt makes it easy for casual and social game developers to bring their games to a massive audience of gamers. MindJolt's catalogue aggregates more than 1,300 of the most popular casual games on the Web making it simple for millions of users to discover and engage with entertaining content.

About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to build valuable companies for nearly twenty-five years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on business services and supply chain, financial services, media and information services, software and Internet, and Texas special situations, AV invests at all stages of company development, from $100,000 in "planned experiments" in early stage ideas to $100+ million investments in expansion rounds, minority recapitalizations, and buyouts of lower middle market growth companies. AV's strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs. Visit austinventures.com for more information.

Contact
press@mindjolt.com
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