Scoop: Indiagames Gets Big-Name Investors

"Indiagames will announce tomorrow that it's landed two big name investors—Macromedia and Cisco. One of India’s largest mobile content developers, the Mumbai-based company is majority owned by TOM Online, operator of one of China’s most successful Internet portals.

TOM, took an 80 percent stake (or about $18 million) in Indiagames this past December. Cisco’s share should amount to roughly 10 percent for $2.2 million, while Macromedia’s will come out to an 8 percent stake for $1.8 milllion.

Indiagames produces games using Macromedia's Flash Lite version of it media player. There are already 15 million Flash-enabled phones in Japan and Korean phones also use the software."

[business2blog / Matt Maier]