Gobi Partners Invests In Corous360, Accelerates SEA Expansion Plans

Today, Gobi Partners has officially announced that it has invested S$1 million ($789,000) funding in Corous360, a Singapore-headquartered game cloud-computing company which focuses on the Southeast Asian market.

With this round of investment, it will help accelerate Corous360’s Southeast Asia expansion plans on top of enhancing its platform-as-a-service for publishers, developers, and gamers. Winston Koh, CEO of Corous360 elaborates:

[W]e are excited to have such a strategic partner on board with an invaluable experience and know-how in the Interactive Digital Media industry in Asia. Gobi’s strong network in China can complement Corous360’s efforts in enabling online game publishers and developers to self-publish games in Southeast Asia.

Apart from injecting money into the cloud-based game company, Kay-Mok Ku, general partner of Gobi Partners Singapore will also sit on the board of Corous360. Kay-Mok tells us:

Although the total population of Southeast Asia is almost half of China, its game market is less than one-tenth of China. This is probably due to the fragmented and heterogeneous markets in Southeast Asia. With the advent of casual online and mobile games, which are more universally appealing in nature, we believe that there will be room for a unified, cloud-based game publishing platform to allow publishers and developers to deliver their games directly to Southeast Asia, and we believe Corous360 is well-positioned to take advantage of this emerging trend.

Corous360’s core services helps address both business and interactive needs of publishers and developers as well as core and casual gamers. It consists of three components: One, its scalable platform-as-a-service allows game titles to be deployed into Southeast Asian markets. Two, it provides a one-stop solution which aggregates different payment methods and distribution channels. Three, it has a portal that allows all gamers to interact with one another and gain access to relevant services as well as games content.

Kelvin Tay, Corous360’s business development director in Asia Pacific, adds:

With an all-rounded team comprising experienced top management, IT veterans and creative and innovative gaming talent, our company has both the dexterity to adapt in the fast-changing online games industry as well as strong execution capabilities to deliver on our business plans.