Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney???s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... ? Learn More
Brazilian social gaming giant Vostu is laying off an undisclosed number of employees, we?ve learned. Vostu, which has raised $46 million from Intel Capital, Accel Partners, General Catalyst, and Tiger Technology Global Management; is one largest social gaming companies in Latin America. The gaming company was founded in 2007 by three Harvard classmates: CEO Daniel Kafie, chief scientist Mario Schlosser, and Joshua Kushner.
It?s unclear what?s caused the layoffs but Vostu is fresh off of a settlement with Zynga over copyright issues. As we?ve reported in the past, Zynga hit Vostu with a massive lawsuit in June of 2011, alleging that the company was copying Zynga?s games. In fact, Zynga alleged that Vostu was copying Zynga?s games so closely that they even inadvertently included the bugs.
Vostu then claimed that Zynga has copied other games repeatedly over the years, including Zynga?s hit game Cityville. Zynga then sued shareholder Google over the?dispute, because Orkut, which is popular in Brazil, was hosting the Vostu games that Zynga said were?ripoffs.
In December, both companies issued a statement that they had settled the copyright lawsuits and counterclaims against each other in the legal systems in the United States and Brazil. As part of the settlement, Vostu made a monetary payment to Zynga and made changes to four of its games.
Perhaps the layoffs could be a result of the settlement and the legal costs associated with the matter. But Vostu has reportedly been growing in terms of traffic, and launched four mobile games over the past two months (and the company has said that 25 percent of all internet-connected Brazilians play its games). Next month, the company plans to launch two additional games.
We?ve reached out to Vostu for confirmation and will update this post when we hear back.
Vostu is a social gaming company which was launched in May 2007. Initially a social network for Latin America with a strong presence in Brazil, the company developed and launched its first succesful social game in June 2009 under the title ?Joga Craque?, a soccer-focused RPG for Brazilian players. It then launched a version of the same game on the popular Brazilian social network Orkut in October 2009. More recently, Vostu launched a farming game on Orkut called ?Mini Fazenda?...
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