Cambridge, UK TTPCom has taken a significant minority stake in Synergenix Interactive the Swedish-based developer of the mophun wireless gaming platform used in Sony Ericsson T300, T310 and T610 mobile phones. There is also an agreement that will lead to the convergence of the two companies wireless gaming activities.
TTP Communications will receive a 43% stake in the combined business in return for an initial cash outlay of £425k and deferred payment of £425k, depending on performance. TTP Communications is granting Synergenix a software licence for WGE, its wireless graphics engine.
The companies are hoping to create a single wireless gaming standard which will be complementary to Java, and which is supported by a wide range of terminal manufacturers, operators and games developers.