Gobi Partners to Invest in
Corous360
2012/07/03 01:19
As Corous360 prepares to scale up in Southeast Asia and
further enhance its cloud-based gaming platform
offerings
SINGAPORE, July 3, 2012 /PRNewswire-Asia/ -- Corous360 Pte.
Ltd.("Corous360§), the leading independent online games cloud
service provider in Southeast Asia, announced today that it has
completed a SGD$1 million round of equity funding led by Gobi
Partners – a venture capital firm that has funded more than forty
early to traction stage companies since its establishment in 2002.
Corous360 is a subsidiary of DeClout Pte. Ltd, a holding company
that comprises a group of leading IT and cloud service providers in
Southeast Asia.
Mr Kay-Mok Ku, general partner of Gobi Partners Singapore, will be
joining the board of Corous360. "Gobi Partners has always stayed
ahead of the technology curve by investing in and grooming many
successful technology and media startups over the last decade. We
are excited to have such a strategic partner on board with
invaluable experience and know-how in the Interactive Digital Media
industry in Asia. Gobi＊s strong network in China can complement
Corous360＊s efforts in enabling online game publishers and
developers to self-publish games in Southeast Asia,§ said Winston
Koh, CEO of Corous360. "This round of financing will enable us to
accelerate our regional expansion plans as well as enhance our
service offerings to publishers, developers and
gamers."
Corous360＊s core offering is a cloud-based gaming deployment
platform that will consist of three major components: the Games
Cloud infrastructure that provides a highly scalable platform for
direct deployment of game titles into the Southeast Asian markets;
a Unified Payment Infrastructure that offers a one-stop solution
for game publishers to access different payment methods and
distribution channels; and a Gamers Community Portal that serves as
a one-stop platform for gamers to interact with one another and
access relevant services and games content.
"We believe we are one of the first in the industry to offer a
unique platform which marries the business needs of publishers and
developers with the gaming and interactive needs of core and casual
gamers," said Kelvin Tay, Corous360＊s Business Development Director
in Asia-Pacific. "With a well-rounded team comprised of experienced
top management, IT veterans and creative and innovative gaming
talent, our company has both the dexterity to adapt in the
fast-changing online games industry as well as strong execution
capabilities to deliver on our business plans.§
"The online game market in Southeast Asia is under-penetrated
compared to China. Although the total population of Southeast Asia
is almost half of China, its game market is less than one-tenth of
China," said Kay-Mok. "This is probably due to the fragmented and
heterogeneous markets in Southeast Asia. With the advent of casual
online and mobile games, which are more universally appealing in
nature, we believe that there will be room for a unified,
cloud-based game publishing platform to allow publishers and
developers to deliver their games directly to Southeast Asia, and
we believe Corous360 is well-positioned to take advantage of this
emerging trend."
About Corous360 Pte Ltd
Corous360 is the leading independent online games cloud service
provider in Southeast Asia that offers an integrated suite of
end-to-end services to enable game developers, publishers and
gamers to converge on a common platform and interact in a single
community.
Leveraging on its wealth of experience in deploying enterprise IT,
and supported by a professional team of industry experts, Corous360
offers its partners and customers a new dimension of value and
support in the growing and dynamic industry of online gaming. By
revolutionising the way online games are being operated, Corous360
helps lower operation costs and minimise business risks for game
developers and publishers while enhancing gamers＊ experience
through its regional connectivity set-up across Southeast Asia.
Additionally, Corous360 serves as a one-stop shop for game
publishers and developers looking for a platform which can
effectively help them expand into Southeast Asia.
About DeClout Pte Ltd
Established in 2011, DeClout＊s vision is to nurture a successional
generation of high growth domain clouds through leveraging on its
existing complementary IT infrastructure businesses. By building
domain-specific cloud verticals, DeClout＊s group of companies
provides a secure and convenient on-demand computing platform to
converge various industry players into a common community, serving
their wide range of communication, collaboration, interaction and
transaction needs.
Backed by stellar track record and deploying only industry
best-practice technologies and processes, the DeClout group strives
to be the next generation business partner to companies
today.
About Gobi Partners
Founded in 2002, Gobi Partners is a venture capital firm with its
headquarters and incubation center in Shanghai, additional offices
in Beijing, Hong Kong, and Tianjin, as well as an overseas office
in Singapore. A leading investor in early stage digital media and
technology companies in China, Gobi manages four funds with over
US$300 million under management. Since its establishment, Gobi has
funded more than forty early to traction stage companies and
continues to invest actively in the region.
Gobi brings additional value to its entrepreneurs by providing
access to and leveraging the networks and resources of key
strategic investors which include: IBM, McGraw-Hill, Nokia Growth
Partners, NTT DoCoMo, Sierra Ventures and Steamboat Ventures.
Government partners also include the Shanghai Pudong Science and
Technology Investment Company, the Tianjin Hi-Tech Group, and the
Singapore Media Development Authority (MDA).
SOURCE﹛Corous360