Machine Zone and Kabam Resolve Trade Secret Litigation

PALO ALTO, Calif. & SAN FRANCISCO--()--Machine Zone and Kabam today announced that Machine Zone’s trade secret lawsuit filed against Kabam has been resolved. The complaint was filed on August 13 in San Francisco Superior Court.

“We are pleased to have amicably resolved the matter.”

“Based on our discussions with Kabam, we have concluded that the concerns that prompted our filing the suit have been allayed,” said Machine Zone CEO Gabe Leydon. “We are pleased to have amicably resolved the matter.”

Kabam Chief Operating Officer Kent Wakeford said, “We’re happy to put this matter behind us.” He added, “Kabam holds itself and its employees to a high standard of conduct, and we take any claim against us very seriously. The behavior of one employee as described in the lawsuit is not representative of how we do business. We’re glad that our companies can move forward.”

About Machine Zone

Machine Zone is a global leader in free-to-play mobile gaming, leveraging its proprietary technology to create real-time, truly immersive social games. Machine Zone’s flagship title, “Game of War – Fire Age”, is the largest real-time massively-multiplayer mobile game in the world and a worldwide top free and top grossing mobile application on the Apple App Store, Google Play, and the Amazon Appstore. Machine Zone’s portfolio of games, which also includes iMob2, Original Gangstaz, and Global War, have been downloaded and played by over 130 million people worldwide. Founded in 2008 as part of the highly prestigious Y Combinator program and the 2010 winner of the TechCrunch Crunchies Award for “Best Bootstrapped Company", Machine Zone has more than 400 employees around the world and is headquartered in Palo Alto, California with operations in San Diego, Las Vegas, Germany, Japan and Russia.

About Kabam

Kabam, Inc. (“Kabam”) creates, develops, and publishes games that are available on mobile devices via its own dedicated channel in the Apple App Store, Google Play, and the Amazon Appstore. Valued at more than $1 billion, Kabam is the 6th fastest growing company overall in North America, according to Deloitte LLP. The company has been profitable since 2012. Kabam's Kingdoms of Camelot franchise has grossed more than $250 million, making it one of the top 10 strategy franchises of all time. Kabam has also created four titles that have grossed more than $100 million each in their life. In 2014, Kabam had three titles rank in the Top 50 Grossing apps on the App Store. Kabam has more than 825 employees around the world, with corporate headquarters in San Francisco. The company's investors include Alibaba, Canaan Partners, Google, MGM, Intel, Pinnacle Ventures, Redpoint Ventures, Warner Brothers and others. More information about Kabam can be found at www.kabam.com.

Contacts

For Machine Zone:
Tom Keaney
tkeaney@rubenstein.com
or
For Kabam:
Steve Swasey, 415-391-0817
sswasey@kabam.com