A fortnight prior to its IPO, a blockchain, AI and gaming focussed enterprise solutions technology company, is looking to strengthen its core offerings by looking at acquisitions across India, USA, Canada and Europe.
The company will be spending Rs.12.31 crore from the total proceedings aggregating for acquisitions and expansion.
Bharat Patel, Chairman and Director, said, “We are now looking to have its own game studio, Yudiz Solutions is looking to acquire exceptional teams and companies that have complementary solutions and skill sets to ours. This will provide us with the necessary resources to drive innovation, expand our game portfolio, elevate the gaming experience and develop gamer communities.”
He further added, Yudiz is now looking for companies that are well known for their work in Animation, VFX, and 3D modelling and a company which is having good hands-on experience in Blockchain & AI product development.
The aim of the acquisitions is to eliminate any intermediaries for them and as a result increase their margins, leading the company to gain direct access to their customers. Yudiz Solutions, which is already known to develop apps, will now be the first game developers to be publicly listed and have its own publishing platform.
The new Yudiz game studio will focus on creating high-quality games for multiple platforms. These games will leverage Yudiz’s cutting edge technology solutions and in-house expertise to design and develop the games. They will also develop games for other publishers and will also allow other developers to publish games on their new publishing platform. This will make it the first gaming company to develop and publish their and other games as well.
Patel further added, Yudiz has already established itself as a strong player in app development, and already has a pipeline of several large clients across the US and Canada. “These acquisitions will help us further in the international market, and will strengthen our position as an overall solution and game studio,” said Patel.
The IPO will make Yudiz, the first company in the blockchain, AI and gaming space to publicly enlist and also the next gaming company in the country after Nazara Technologies Ltd.