BigWorld CEO Resigns Following $45 Million Buyout by Wargaming

August 10, 2012 -

The CEO of middleware company BigWorld has resigned from the company. Earlier in the week it was announced that World of Tanks developer Wargaming had bought the middleware provider for $45 million. CEO John De Margheriti, who was one of the founders of the company, will step down at the end of this week. He will be replaced by co-founder Steve Wang, who will report directly to executives at Wargaming. Despite the departure, De Margheriti's statement seems to indicate an amicable exit from BigWorld.

"I believe that BigWorld is a great fit for Wargaming, and the acquisition is a very smart move by this growing global giant," said De Margheriti. They now have secured the best online games platform on the market, something that has taken my team and I over twelve years to develop. It will give Wargaming an unprecedented opportunity to provide their hard core audience an even more amazing experience."

He closes by saying that the acquisition will bring more jobs to BigWorld and larger offices. De Margheriti will continue to consult for Wargaming.

Source: Develop


 
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