IPO bound Yudiz Solutions to make acquisitions and expansions of Rs 12.3 crore

Ahmedabad based blockchain, Artificial Intelligence and gaming focussed technology company Yudiz Solutions, is looking to strengthen its core offerings by looking at acquisitions across India, USA, Canada and Europe, ahead of its IPO. The company will be spending Rs 12.31 crore from the total proceedings aggregating for acquisitions and expansion.

Bharat Patel, Chairman and Director, Yudiz Solutions said, “We are now looking to have our own game studio. We are looking to acquire exceptional teams and companies that have complementary solutions and skill sets to ours. This will provide us with the necessary resources to drive innovation, expand our game portfolio, elevate the gaming experience and develop gamer communities.”

He further added, Yudiz is now looking for companies that are well known for their work in Animation, VFX, and 3D modelling and a company which is having good hands-on experience in Blockchain and AI product development.

The new Yudiz game studio will focus on creating high-quality games for multiple platforms. These games will leverage Yudiz’s cutting edge technology solutions and in-house expertise to design and develop the games. They will also develop games for other publishers and will also allow other developers to publish games on their new publishing platform. This will make it the first gaming company to develop and publish their and other games as well.

Patel further added, “These acquisitions will help us further grow in the international market and will strengthen our position as an overall solution and game studio.”