Vubiquity to be acquired for $224 million by Amdocs; Santa Monica-based Hawke Media picks up Execute LA of Venice; and Scopely raises $125 million.
Software developer Amdocs announced on Jan. 31 that it entered into an agreement to acquire Burbank video distribution services company Vubiquity for $224 million in cash, the Business Journal reports. Amdocs of Chesterfield, Mo. develops software for communications and media companies. The company said buying Vubiquity will catapult Amdocs into the digital media and entertainment space.
Hawke Media, a digital marketing company based in Santa Monica and among the fastest growing firms in Los Angeles County, has acquired growth marketing specialist Execute LA for an undisclosed amount, the Business Journal reports. Execute LA, co-founded a year ago by Hank Leber and Wesley Clock, markets for early stage and growing companies. Clients include Bruno Mars’ SelvaRey rum and DrumChannel, an educational drumming website.
Game developer Scopely has raised up to $125 million in a new round of financing that values the company and the money at an estimated $795 million, according to a fundraising document obtained by PitchBook — a valuation that may seem high but describes a company that is profitable and says it has more than 125 million active players, Recode reports. The company specializes in developing and distributing free mobile games and is behind hits such as “The Walking Dead: Road to Survival” and “WWE Champions.”
Technology reporter Garrett Reim can be reached at email@example.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.