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11 Mar 2010

[GI] Image Metrics settles $8 million funding deal

Author: Game Industry News Pipe | Filed under: Game Industry

Leading facial animation technology firm Image Metrics has announced the closure of an $8 million round of financing, which it intends to use to increase the scope of its sales and marketing efforts for software products such as Faceware.

The company is also intending to expand its business into online markets such as virtual worlds and social networks, although no specific partners have been announced as yet.

At the same time the company has also agreed to become a wholly owned subsidiary of International Cellular Accessories (ICLA), with Image Metrics exchanging all of its outstanding shares and becoming a publicly traded company as a result.

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