SAN FRANCISCO -- (BUSINESS WIRE) -- Kabam, the leader in the western world for free-to-play core games for traditional players, announced three new executives hires, all seasoned veterans of the technology and gaming industries who will help Kabam continue its streak of robust financial growth and brisk geographical expansion.
The three are: Paxton R. Cooper, Jr., joining as senior vice president, Platform; Doug Inamine, senior vice president, People; and Jordan Edelstein, vice president for Marketing, Kabam Studios.
"Paxton, Doug and Jordan are some of the best people in the tech and games world, and we're proud to welcome them to Kabam," said Kent Wakeford, Kabam's chief operating officer. "During 2014, we plan to accelerate Kabam’s revenue growth and continue to expand into new global markets. These three executives join our already-strong management team and will play a central role in fueling Kabam’s growth."
With a $700 million valuation, annual revenue last year of more than $325 million, and running free-cash-flow positive and profitable for two years, Kabam is one of the fastest-growing companies in the gaming industry. Two of its games, Kingdoms of Camelot: Battle for the North and The Hobbit: Kingdoms of Middle-earth, were among the 10 top-grossing apps for the iOS market in 2013. Kingdoms of Camelot appeared on the list for the second year in a row. Four Kabam games have grossed more than $100 million each in less than four years. In all, more than 190 million people play Kabam games worldwide.
Cooper, 40, was most recently vice president of Product Management at Mozilla, where he was responsible for the organization's entire product portfolio, notably the desktop and mobile versions of the Firefox browser and Firefox OS. Prior to Mozilla, Cooper was senior director of Platform Product Management at BlackBerry where he launched BlackBerry App World and led teams responsible for the BlackBerry app developer platform. He has also held senior roles at Palm, MontaVista Software, and Sun Microsystems. At Kabam, he will be responsible for growing the company's gaming platform, which includes leading titles for both mobile and desktop users, and the company’s customer loyalty program.
Inamine, 48, was previously senior vice president of Human Resources at Xyratex, a NASDAQ-traded leader in the data storage industry with $1.2 billion in annual revenue and 2,000 employees worldwide. He brings more than 20 years of global experience, having worked for such large multinational public companies as Cisco, Solectron (now Flextronics) and Seagate. He will lead the growth and development of Kabam's employee base as it expects to grow 25 percent from the current 775 employees by the end of this year. Much of that growth is overseas; the company now has studios and other operations in Vancouver, Austin, Beijing, Seoul, Luxembourg, London and Berlin.
Edelstein, 41, arrives at Kabam after a decade-long career at Electronic Arts, where he was most recently the global vice president of Marketing for the company's Maxis division. He also held marketing posts within EA's Sports unit. At Kabam, he will be responsible for customer acquisition and game marketing for Kabam Studios, the company's in-house developer of first party titles.
Kabam is the leader in the western world for free-to-play games for traditional players with first and third party published titles available on mobile devices via the Apple Store, Google Play, Amazon Appstore, and on the Web via Facebook, Yahoo, Kabam.com and other platforms. Kabam is the fastest growing Internet media company in the San Francisco Bay Area and the 17th fastest growing company overall in the U.S., according to Deloitte LLP. Kabam's 2013 revenues are expected to exceed $325 million, an 80 percent increase over 2012. The company is profitable and cash-flow positive, and has created four titles that have grossed more than $100M each in their life. Kabam’s Kingdoms of Camelot franchise has grossed more than $250 million in less than four years, making it one of the top 10 strategy franchises of all time. In 2012, Kabam Publishing was launched to provide third-party developers access to Kabam’s technology platform, distribution channels, data analytics and best practices that Kabam’s in-house development teams use to bring wildly successful games to players worldwide. Kabam has approximately 775 employees around the world, with corporate headquarters in San Francisco. The company's investors include Google, Warner Brothers, MGM, Intel, Canaan Partners, Redpoint Ventures, Pinnacle Ventures and others. More information about Kabam can be found at www.kabam.com.