LiveGamer Purchases TwoFish

Micro-transaction business Live Gamer today announced it has completed its acquisition of Twofish. The amount of the acquisition was not disclosed. Previously, Live Gamer had acquired another micro-transaction firm N-Cash.

"With the microtransaction business model taking off rapidly in North America and Europe, our Publishing partners are increasingly looking for highly sophisticated technologies to manage and build their businesses. Twofish's technology has set the gold standard for in-game virtual economy management and analytics," said Mitch Davis, CEO and Chairman of Live Gamer in a statement.

The combined company has over 70 live customers handling over 3 million transactions per month. In addition, two current Twofish Board members, Michael Kim from Rustic Canyon Ventures and Twofish co-founder Sean Ryan, will join the Live Gamer Board of Directors.