Mobile developer MocoSpace, which is owned by JNJ Mobile and provides a gaming-focused social network for smartphones, has acquired location-based social games platform Geocade for an undisclosed sum. As part of the deal, Geocade founder and CEO Jim Caralis will be hired by MocoSpace as VP of its HTML5 games division, joining a small team at the company’s Boston offices.
The move comes as MocoSpace attempts to break into the rapidly growing location-based gaming space, with its latest offering launching this week and incorporating Geocade’s positioning technology. Rise to Fame, which will be MocoSpace’s first location-based HTML5 product, will encourage users to become actors, exchanging roles based on their positions and check-ins in the real world.
Founded in 2005, the company has raised a total of USD10.5m and was rumoured to be considering a buy-out of MySpace when the ailing social network was put up for sale in February. It currently boasts more than 22m users who engage in more than 1m hours of game play per day.
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