Siemens Mobile Acceleration announces its first investment in China, Beijing-based mobile gaming company Magus Soft Holding Ltd.

August 13, 2002

1 Min Read

MUNICH -- Siemens Mobile Acceleration GmbH today announced its first investment in China - the world's largest and fastest growing mobile communications market. Siemens Mobile Acceleration's new portfolio company, Magus Soft Holding Ltd. is a Pioneer of mobile gaming and entertainment applications: Play a game of cards or improve your golf swing while killing time on the bus; go online and form a space fleet with your friends for a special mission into unknown galaxies; or play mini versions of your favorite PC or console game on your mobile phone - it has become reality with Magus Soft's mobile application development environment, high performance game engines, and innovative game concepts.Founded in January 2001, the Beijing based company develops and markets complete mobile entertainment solutions to operators, handset manufacturers and end-users. Magus Soft is particularly experienced in the Chinese market and the Asia-Pacific region. Thus the company's strategy focuses on these markets.Magus Soft offers a wide portfolio of games covering all categories (action, strategy, sports, etc.) and all mobile platforms and technologies (SMS, WAP, K-Java and Brew.) The company has a specific expertise in developing downloadable and embedded games, giving the company a clear competitive advantage in China's fledging mobile gaming market."We are honored to be Siemens Mobile Acceleration's first Chinese investment. This engagement will accelerate our growth," says Lu Yong. "Our company will benefit tremendously from Siemens' industry insight, market know how and global sales network. With Siemens Mobile Acceleration as our strong partner, we will become a successful global mobile entertainment player."Siemens Information and Communications Networks Inc.

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