Agate International Officially Acquires Equator Games, Here's the Value!

Agate, a company that has been active in 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 managed to steal people’s eyes through their game, Celestian Tales. The game was successfully created through crowdfunding and made an achievement.

This is evident from the achievements made by Celestian Tales as one of the best games in 2021. The acquisition this time is estimated at 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 to join Ekuator Games with Agate. I believe we can create games with even better quality and bring Indonesia’s name to the world gaming industry. “

This acquisition is also a form of local business collaboration to improve the quality of games made in their own country. CEO of Agate, Arief Widhiyasa, said that the purpose of this acquisition is to unite the strength of the talents in Agate with talents 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 the game industry business players 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 the Nintendo Switch, PS4, and PC via Steam. Valthirian Arc won 2nd place for Best New Game in the UK when its release was still less than 24 hours.

Not only that, the Valthirian Arc, which was developed for 2.5 years, has also been financially successful in a return on investment within a period of no more than 1 month from its release date. In 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 gaming ecosystem in Indonesia, given the fact that Valthirian Arc is the first local game with 100% IP owned by Indonesia which also issued a printed physical disk version for PS4.

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Source: Sultan’s Republic

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