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January 02, 2007
SAP Founder Makes 10tacle Share Price Jump
Publicly traded 10tacle, a German games development studio, closed 2006 with a spike in its share price. Not because it reported a big jump in its sales, although it did have good numbers. Nor did it do a snazzy acquisition, although it did acquire a larger chunk of a Singaporean subsidiary.
No, it was the news that an investment fund managed by Daniel Hopp, the son of SAP co-founder Dietmar Hopp, had acquired a small chunk of its shares.
There is nothing like bagging a well-known investor with billions in the bank to drive media coverage of a tech company, and evidently the valuation of the company too. In the US these days, it's getting Sequoia on board. But as we've pointed out here before, in Germany it's getting one of the SAP founder's and their investment vehicles.
10tacle had sales of about €13M in the first half of 2006, up from €1.7M in 2005.
Read - Die Aktie von 10tacle wurde im Dezember wachgeküßt (FAZ)
Posted on January 2, 2007 02:46 PM | Posted to Games (PC and other) | Permalink
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