South Korea’s Gamevil expands in mobile gaming as it acquires Waplesoft

Gamevil announced today that it’s acquiring South Korea’s Waplesoft for an undisclosed price.

The deal shows that game companies continue a buying spree to shore up talent in the competitive mobile games market, which market researcher Newzoo expects could generate $25 billion in revenue this year.

Waplesoft was founded in 2008 and became known for its social network games. It is also making role-playing games such as Three Kingdom Battle Line and Elune Saga. The upcoming Elune Saga will be the first published under Gamevil’s ownership. It’s a hybrid mobile game that combines RPG action with card-collecting strategy through element- and turn-based gameplay.

Gamevil has had more than 400 million downloads of its mobile games, and it was founded in 2000. It works with more than 70 third-party game developers. Gamevil has 450 employees, while its Com2us division has 500 employees. Waplesoft has 30.