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GGL Acquired by PrismOne Group
The Global Gaming League has been acquired by Prism One Group.
North American league GGL has been acquired by investment group, Prism One Group Inc., a corporation which specializes in“providing managed technology services to targeted vertical market clients with either a high number of employees, multi-locations, or growth challenges”, according to CNNmoney.com.
The Global Gaming League has had problems in the last two years, with many of its North American participants leaving the league due to the company's inability to reportedly pay out its prize money, which as lead to the G7 Teams and supporters to boycott all GGL events until the outstanding prize money has been paid.
Their efforts on the console front have not been successful as well, with many potential GGL customers going to GameBattles for online ladders and MLG for LAN tournaments. Furthermore, the Digital Life event was not run in 2008 due to lack of interest.
PMOZ Chairman and CEO Samir Burshan told CNN Money that:
“This new GGL direction is an exciting growth opportunity for our company. GGL has more than 2.7 million registered members. Their technology is superior and their growth is just now beginning."
GGL Chairman Ted Owen added that:
“The PrismOne acquisition and upcoming GGL website overhaul are key components as GGL significantly expands to a massive slate of offerings for consumers, publishers, developers and advertisers. GGL’s goal of delivering the most comprehensive online experience for gamers across all platforms, genres, gaming styles in a relevant, customized social-networking environment is rapidly becoming a reality. We are looking forward to welcoming and introducing the PMOZ shareholders to our robust family of GGL services as we aim to become the 'Facebook' meeting place for online gaming and related activities.”
Source: CNN Money