Japanese company Grand Perfecta, Inc has acquired Malaysia-based Just Mobile Sdn Bhd, for an undisclosed amount of cash and is now working on bringing the latter’s product into the US market first.
Just Mobile operates under the brand FanXT, an award-winning digital sports media company. The company owns daily, seasonal and commissioner fantasy sports products on web, mobile and Facebook platforms for sports across the world.
The acquisition, completed on January 12, was made through Sports Perfecta, Inc, the US-based subsidiary of Grand Perfecta, a leader in horse racing and data analytics.
The acquisition offers Grand Perfecta and its subsidiary, Sports Perfecta, the launch pad to expand into the lucrative global sports market and allows rapid introduction of current and new fantasy products in global markets, it said, in a press statement.
“Through the acquisition, Grand Perfecta will offer market-proven daily, seasonal and commissioner fantasy sports platforms together with a strong, experienced team in online and mobile technologies,” it said.
Just Mobile founder and chief executive officer Melvin Wong told DEALSTREETASIA that he is still with the company, operationally.
“Yes, I’m now based in Marina Del Rey, in LA, part of Silicon Beach, to work with the team here to penetrate the US market,” he said via email.
Set up in 2010, FanXT covers the global sporting landscape by having fantasy games for immensely popular sports like the NFL, NBA, MLB, soccer and motor racing.
Soccer leagues FanXT works with include Finland Veikkausliiga League, Hong Kong Premier League, Singapore S. League, Indian I-League, Philippines United Football League (UFL) and Malaysia Super League (MSL).
It also runs its own fantasy products based on English Premier League (EPL), FIFA World Cup, FIA Formula 1 and MotoGP. FanXT is a member of Fantasy Sports Trade Association (FSTA).