Agate International Officially Acquires Ekuator Games, Here's The Value!
Agate, a company that has been actively making games in Indonesia in 2009 is now starting to spread its wings. Recently, they have successfully acquired a company called Ekuator Games under the auspices of PT Agate International.
Ekuator Games is a game studio that has succeeded in stealing the eyes of the public through their game entitled, Celestian Tales. The game was successfully made through crowdfunding and has won achievements.
This is evident from the achievements achieved by Celestian Tales as one of the best games in 2022. This acquisition is estimated to reach 5 billion rupiah.
Cipto Adiguno, former CEO of Ekuator Games who now serves as Vice President of Consumer Games at Agate said, “I am very excited about the joining of Ekuator Games with Agate. I’m sure we can create games with even better quality and bring Indonesia’s name in the world game industry.”
This acquisition is also a form of collaboration with local businesses to improve the quality of games made in their own country. Agate’s CEO, Arief Widhiyasa, said that the aim of this acquisition is to unite the strengths of the talents at Agate with those from Ekuator in order to increase the speed and quality of Agate’s consumer game products, with the hope that in the future it can help bring the Indonesian game industry to the market. global.
The global market is indeed a big challenge for business players in the game industry in Indonesia. However, that does not mean that Indonesia cannot make achievements. Valthirian Arc, for example. This game by Agate is a console game released for Nintendo Switch, PS4, and PC via Steam. Valthirian Arc won the 2nd Best New Game in the UK when its release was less than 24 hours.
Not only that, Valthirian Arc, which was developed for 2.5 years, has also been financially successful in turning its capital back in no more than 1 month from the date of its release. Less than 3 months of release, Valthirian Arc has earned up to tens of billions of rupiah from sales. The achievement of Valthirian Arc can be said to be an extraordinary achievement for the game ecosystem in Indonesia, given the fact that Valthirian Arc is the first local game with 100% Indonesian IP to also issue a physical disc printed version for PS4.
Source: Republic of the Sultan
