History
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migme was founded by Steven Goh and Mei Lin Ng in Perth, Australia in 2006 as mig33. In 2007, it shifted operations toSilicon Valley where it focused on developing its engineering and technology capabilities and secured new venture capital. During this time, it acquired significant users in emerging markets of South Asia, Southeast Asia, the Middle East and Africa.[4]
In 2012, it shifted its headquarters in Singapore to be closer to its key markets in Asia, including Indonesia, Nepal, India andBangladesh.[5]
The firm develops applications for Android, WAP, BlackBerry and web platforms. It has also released applications on legacyJ2ME-based devices. The product was developed using open-source systems, and features group chat, social gaming and blogging functions as well as virtual gifting.[6][7] Its revamped microblogging service, launched in 2013, enables users to post up to 300 characters.[6]
Rebrand, investment and listing
On June 10, 2014, the company changed its name to migme Limited, and acquired alivenotdead.com, a Hong Kong-based artist community website co-founded by Patrick Lee, former chief executive of film review site rottentomatoes.com.[4] Also in 2014, the firm completed a merger with Latin Gold Ltd., an Australian-listed mining company, which enabled migme to list on the Australian Stock Exchange by way of a reverse takeover, effective August 11, 2014.[4][6] In 2014, FIH Mobile (a Foxconn-linked handset company) became the migme's largest shareholder through a $9.6 million investment, giving it a 19.9% stake in the company.
Migme currently operates offices in Singapore, Kuala Lumpur and Jakarta.;[6] As of August 2014, it was in the process of establishing a new facility in Taipei.[5]
References
- ^ "mig33 moves to Singapore".
- ^ "Mig33.com Site Info". Alexa Internet. Retrieved 4 February 2014.
- ^ "mig33 has over 70 million registered users".
- ^ a b c "Mig33 acquires Alivenotdead, a site started by Rotten Tomatoes founders". finance.yahoo.com. Retrieved August 10, 2014.
- ^ a b "Offices". mig,me. Retrieved August 10, 2014.
- ^ a b c d "Asian mobile chat startup Mig33 raises $2.2M, rebrands as MigMe". VentureBeat.com. Retrieved August 10, 2014.
- ^ "Social Entertainment Platform". mig,me. Retrieved August 10, 2014.
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