Turbine fired over a press release today announcing that they've hired a new vice president of corporate and business development. Mergers and acquisitions forthcoming?
TURBINE EXPANDS LEADERSHIP TEAM
Nate Jones to Lead Corporate and Business Development for Online Entertainment Leader
WESTWOOD, MA May 26, 2009 Turbine, Inc., the premier creator and operator of massive, persistent online worlds that foster powerful social gaming communities, today announced the appointment of a new Vice President of Corporate and Business Development. Nate Jones will be responsible for overseeing worldwide content and licensing partnerships, joint ventures and mergers and acquisitions for the company.
(Nate brings extensive strategic planning and corporate dealmaking experience to our executive team that will be crucial as Turbine scales its global operations,) said Jim Crowley, President and CEO of Turbine, Inc. (We continue to add firepower to our senior team and Nate's strong record both as an investment banker and as a senior executive in the gaming industry will be a great asset to our growing business and we are delighted to have him join our team.)
Most recently, Jones held the position of Vice President of Strategy and Corporate Development at Glu Mobile Inc., one of the largest publicly traded mobile game publishers. While at Glu, he drove the acquisitions of Mig and Superscape as well as strategic initiatives focused on the iPhone and other gaming platforms. Prior to his tenure at Glu, Nate was a Vice President at Lazard, one of the world's preeminent financial advisory firms, where he focused on technology and media mergers and acquisitions and advised both established and emerging organizations in the video games industry including Microsoft, EA, Jagex and Major League Gaming, among others.
(Turbine has a great reputation for bringing critically acclaimed and globally recognized gaming experiences to the market,) said Jones. (As one of very few leaders in the massively multiplayer online games space, Turbine is in a unique position. I'm thrilled to join the team and look forward to working with both new and existing partners to extend our leadership and realize the Company's full potential.)
Turbine, Inc. is a premier creator, operator and publisher of massive, persistent online worlds that foster powerful social gaming communities. Turbine is the largest privately held online gaming studio in North America and was recently chosen by AlwaysOn as one of the OnHollywood 100 Top Private Companies, a power list of the top private emerging technology companies in digital entertainment and media. The company has created some of the world's most popular and award-winning online games, including The Lord of the Rings Onlineâ„¢, Dungeons & Dragons Onlineâ„¢ and Asheron's CallÂ®. For more information on Turbine, its products and services please visit www.turbine.com.