LOS ANGELES, CA--(Marketwire - May 18, 2010) -  Titan Gaming, Inc. today announced it has received $1 million in funding from prominent angel investors, including Clearstone Venture Partners principals William Quigley and Jim Armstrong, virtual goods pioneer Brock Pierce, MP3.com founder Michael Robertson, PriceGrabber co-founder and Bestcovery.com founder Kamran Pourzanjani, Vonage co-founder and www.kikin.com founder and CEO Carlos Bhola, SOA Software founder and ServiceMesh founder and CEO Eric Pulier, MyLife founder and CEO Jeffrey Tinsley, Hydra and W4 co-founder Adam "Wicks" Walker, ooma founder Andrew Frame, GigaMedia executive John Lee, PatentVest CEO Andy Mazzarella, former Korn Ferry Chairman Global Technology Markets Richard Spitz, iWin founder and TLDH.org founder and CEO Fred Kreuger, Ramprate founder and Chairman and myTASTE co-founder and CEO Tony Greenberg, New Motion founder and Revenue APEX co-founder and CEO Scott Walker, SAM Venture Partners and Tomorrow Ventures.

Titan, based in Los Angeles, CA, was incorporated in 2006 and has invested over 100,000 hours in development with a team of 24 engineers to develop the Titan Platform. The Titan Platform will offer gaming companies and content sites the most effective and complete gaming platform that enables skill-based matchmaking, tournaments and points or cash competitions. Titan utilizes gamers' natural competitive inclinations to help its partners and their game developers generate the highest lifetime value (LTV) for users of the platform in the video game industry.

With this seed round of funding, the new executive team, including CEO John Maffei and COO Lisa Serwin, will finalize the technology of the Titan Platform, as well as secure mass distribution deals. The original Titan founders, Francisco Diaz-Mitoma and Mark Donovan, will lead Titan's technical and game developer evangelism efforts. Titan's first customers are set to go live in July of 2010. Game developers and publishers seeking to join the Titan beta should visit www.titanplatform.com.

"As the former head of one of the Internet's largest gaming sites, I am very familiar with the challenges of effectively monetizing gamers with subscription and advertising models," commented John Maffei, CEO, Titan Gaming. "Titan offers gaming companies and content sites a white labeled solution that helps them monetize their audiences more effectively while retaining complete control of their brand. We have been extremely pleased with the positive reaction of the gaming companies we have engaged."

"As an investor, I am always looking for business model innovation," says William Quigley. "All investors have taken note of the explosion of virtual item sales in the casual game market. Titan's platform will enable all gaming sites to go beyond virtual currency sales and generate new revenue and profit streams with completely legal, skill-based tournaments and competitions for points and cash."

More information on the executive team:

  • John Maffei: Titan Gaming's CEO, Maffei is a software and digital media industry veteran with more than fifteen years of experience with leading global technology-driven brands. Maffei was the previous head of the ZAM Network, which represents the single largest online MMO gamer destination portfolio. He also spearheaded Microsoft's Xbox 360 licensing efforts with such entertainment powerhouses as Warner Brothers, Buena Vista, Fox, and NBC Universal; and he also founded RocketPipe, a developer of broadcast messaging and direct marketing software for content-driven online commerce sites.
  • Lisa Serwin: The COO of Titan Gaming, Serwin offers more than 20 years of corporate financial expertise with strategic planning, mergers and acquisitions, legal, tax, and risk management. Serwin was formerly The PlumpJack Group's CFO, directed the Commission on Medical Education, Research and Training for the Governor of Nevada, and was the Senior Vice President of Strategic Planning for Fox Filmed Entertainment. 

Contact Information:

Editorial Contact
On Behalf Of Titan Gaming:
Jessica Hasson
(323) 710-3556