ISG: Playdom Buys Green Patch and Trippert Labs — On the Way to IPO?
Playdom, the largest social game developer on MySpace and one of the larger ones on Facebook, has confirmed a couple purchases we’ve been hearing rumors about recently. It has bought Facebook game developer Green Patch, as well as iPhone developer Trippert Labs, both for undisclosed amounts.
The company announced yesterday that it had raised $43 million in a first round of venture funding, so it is not wasting much time in putting that new capital to use. Green Patch is a mid-sized Facebook app developer company that has grown from its first game, (lil) Green Patch, to a whole line of games with “(lil)” in the title. The largest today is (lil) Farm Life, a virtual farming game that has more than 6 million monthly active users on Facebook, and 1.27 million daily actives.
“We’ve been close to Green Patch since almost the beginning [of the Facebook platform]. We actually work about three blocks from each other,” chairman Rick Thompson tells us. “We’re mutual admirers.” Both companies have pumped out new titles in popular genres of social games.
