iLounge

TechCrunch reports that following a third round of venture capital funding, ngmoco has acquired iPhone game developer Freeverse. Ngmoco is known for such titles as Rolando, Eliminate and TouchPets, and has recently announced a shift to a free-to-play pricing model. By contrast, Freeverse has a staple of popular paid games including Skee-Ball, Flick Fishing and Moto Chaser. With this acquisition Ngmoco has confirmed that it plans to move these titles over to its free-to-play model whereby the games will be offered for free and revenue generated from in-app purchases instead. Ngmoco CEO Neil Young indicates that this business model has been working well for the company, and expects that ngmoco will release approximately 20 new games this year with the newly-acquired Freeverse team releasing about the same number.