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MAG Interactive

#10100

Rank

$14.59M

Marketcap

SE Sweden

Country

MAG Interactive
Leadership team

Mr. Magnus Wiklander (Chief Financial Officer)

Mr. Kaj Nygren (Chief Technology Officer)

Mr. Daniel Hasselberg (Co-Founder, CEO & Director)

Products/ Services
Information Technology, Mobile, Web Development
Number of Employees
100 - 500
Headquarters
Stockholm, Stockholms Lan, Sweden
Established
2010
Net Income
2M - 5M
Revenue
20M - 100M
Traded as
MAGI.ST
Social Media
Overview
Location
Summary
MAG Interactive AB (publ) develops and publishes mobile games worldwide. It provides casual and social games. The company distributes its games through virtual app stores for Android and iOS operating systems. MAG Interactive AB (publ) was founded in 2010 and is based in Stockholm, Sweden.
History

Founding

Before creating MAG interactive, founders Daniel Hasselberg and Kaj Nygren met in 1999 while working at an Ericsson research lab. Together with mutual friend Roger Skagervall, they created a small company called "Connect Things". From that company, the three entrepreneurs went on to create "Mobile Access Group Sweden AB" in 2003, which originally focused on music streaming platforms. With the addition of Anders Larsson, Frederik Stenh and Johan Persson, Mobile Access Group Sweden AB transitioned into app development consulting in 2008. Four years later in 2012, the now named MAG Interactive, released their first proprietary game onto the Swedish market . The word play based game was called "Rumble" and went on to be re-named "Ruzzle", it is the cornerstone of MAG's game line up. From that point on MAG acquired many other social game concepts, including "Word Brain" and QuizDuel.Acquiring Delinquent

In 2015 MAG Interactive acquired UK-based development studio Delinquent, increasing their staff number to 50 people. Their first joint project was a free-to-play match-3 game, Potion Pop , which successfully received millions of downloads.Acquiring FEO Media and IPO

In 2017, MAG Interactive underwent some structural changes as a company. The first being the October acquisition of Swedish game studio FEO Media, maker of QuizDuel. In addition to the acquisition, MAG Interactive became a publicly traded company on December 8, with its listing on NASDAQ First North.Acquiring Sventertainment

August 2020 MAG Interactive announced the acquisition of Swedish media company Sventertainment AB, maker of the live trivia app PrimeTime, for 20 million SEK.Acquiring Apprope

December 2020, MAG Interactive announced the acquisition of Swedish game studio Apprope through an initial cash purchase price of 50 million SEK. Founded in 2012 by Daniel Lodin and Markus Wedenborn, Apprope is a maker of casual mobile games for iOS & Android including titles such as WordBubbles and Word Mansion.

Mission
To deliver fun and innovative mobile gaming experiences to an ever expanding global market with our creativity and passion.
Vision
We strive to become the premier mobile gaming company in the world by creating innovative and engaging gaming experiences.
Key Team

Tove Bengtsson (Marketing Communications Mang.)

Marie Lundgren (Head of People & Culture)

Mr. Magnus Holmström (Head of Production)

Mr. Patric Blixt (Chief Marketing Officer)

Recognition and Awards
The company has won several awards such as Best Mobile Game at the Global Mobile Awards and Best Social Mobile Game at the Tabby Awards.
References

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MAG Interactive
Leadership team

Mr. Magnus Wiklander (Chief Financial Officer)

Mr. Kaj Nygren (Chief Technology Officer)

Mr. Daniel Hasselberg (Co-Founder, CEO & Director)

Products/ Services
Information Technology, Mobile, Web Development
Number of Employees
100 - 500
Headquarters
Stockholm, Stockholms Lan, Sweden
Established
2010
Net Income
2M - 5M
Revenue
20M - 100M
Traded as
MAGI.ST
Social Media