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A blockchain, AI, and gaming focused enterprise solutions technology firm is looking for acquisitions in India, USA Canada and Europe a week before its IPO.
The company plans to spend Rs. 12,31 crores from its total proceeds for expansion and acquisitions.
Bharat P. Patel, Chairman and Director said: “We now want to have our own game studio. Yudiz Solutions wants to acquire outstanding teams and companies with complementary solutions and skills sets to us.” This will give us the resources we need to innovate, expand our portfolio of games, elevate the gaming environment and develop communities.
He added that Yudiz was now looking for companies with a good track record in Animation, VFX and 3D modeling, as well as a company with experience in Blockchain & AI.
The acquisitions are aimed at eliminating intermediaries and increasing their margins. This will allow the company direct access to its customers. Yudiz Solutions will be the first developer of games to have its own platform and be listed publicly.
The new Yudiz studio will be focusing on high-quality games that can be played across multiple platforms. These games will be designed and developed using Yudiz’s cutting-edge technology solutions and expertise in-house. They will develop games for publishers as well as allow other developers to release games on their platform. It will be the first gaming company that develops and publishes their games and others.
Patel added that Yudiz had already made a name for itself in the app development industry and has a large client base across North America. Patel said that these acquisitions would help to strengthen the position of Yudiz as a game studio and an overall solution.
The IPO makes Yudiz the first blockchain, AI, and gaming company to be publicly listed in the country, and the second gaming company after Nazara Technologies Ltd.
