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Akella Gets A Little Extra Cash

by Rainier on Nov. 11, 2005 @ 12:20 a.m. PST

Quadriga Capital Russia and Intel Capital have invested in Akella, allowing it to extend its business into new market segments, such as network games and mobile content distribution, while also facilitating growth of the company's sales, marketing and advertising activities in Russia, the Former Soviet Union (FSU) and Eastern Europe.

The combined share of the two investors in Akella will be less than 50%; the majority of company stock has been retained by Akella's founders.

Akella has also signed an agreement with Intel to create and optimize future PC games and next-generation game consoles for Intel-based platforms. The two companies will work closely together to optimize soon-to-be-released games such as PT Boats, Captain Blood, and Age of Pirates for Intel's multi-core and entertainment PC platforms.

"Quadriga is pleased to announce an investment in a company that, in our opinion, has the best growth potential among its competitors in the Russian gaming software industry. Akella has managed to create a strong team of both managers and developers that will drive the company's future success. As for Quadriga, we will do our best to promote the development of our new investment," says Reinhard Kohleick, CEO of Quadriga Capital Russia.

"Intel Capital is excited to announce today's investment in Akella, one of Russia's leading gaming software companies," said Arvind Sodhani, senior vice president of Intel Corporation and president of Intel Capital. "Akella's long history of success demonstrates that Russia has become a key development environment for world class consumer software. Our hope is that Intel Capital will help Akella reach the next phase of growth and profitability."

"Akella has been a strategic account for Intel dating back to the launch of Intel® Pentium® MMX," said Christian Morales, vice president of Sales and Marketing Group, co-general manager of Intel EMEA region. "They have demonstrated a very strong position in the world of PC games with such hits as 'Pirates of the Caribbean'® as well as developing titles for several top-tier US gaming companies. Akella's commitment to fostering growth in the region was a key reason for Intel to further extend our relationship with them."

"This investment underscores the growth of the Russian gaming industry and will allow us to implement multiple innovative ideas and enhance our positions in both Russian and international markets," said Dmitry Arkhipov, vice president and the co-founder of the company.

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