Daybreak Game Company History and Key People

Daybreak Game Company has a rich history that spans over two decades. The company was founded in 2001 by John Smedley, Andrew Tepper, and Brad McQuaid.

Brad McQuaid was one of the key people behind the company's early success, serving as the lead designer of the popular MMORPG game "EverQuest".

John Smedley took over as the CEO in 2007, leading the company through a period of significant growth and expansion.

Daybreak Game Company has developed several successful games, including "EverQuest" and "PlanetSide".

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Daybreak Game Company's estimated annual revenue is a significant $38.9 million per year. This is a substantial amount of money, and it's a testament to the company's success in the gaming industry.

The company's revenue per employee is also noteworthy, standing at $222,200. This means that each employee is generating a substantial amount of revenue for the company.

Daybreak Game Company has raised funding through a single round, with its latest funding round being a private equity (PE) round on September 6, 2018. The funding amount was undisclosed, but it's clear that the company has received significant investment.

The company has three institutional investors, including Canadian Imperial Bank of Commerce, NantWorks, and Heritage Bank of Commerce. These investors have helped Daybreak Game Company grow and expand its operations.

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Daybreak Game Company's estimated annual revenue is a significant figure, currently sitting at $38.9M per year.

This revenue translates to a substantial amount per employee, with an estimated revenue per employee of $222,200.

These numbers give us a glimpse into the financial health and stability of the company.

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Daybreak Game Company has raised funding over one round, with its latest round being a PE (Private Equity) round on September 6, 2018. The funding amount was undisclosed.

The company has three institutional investors: Canadian Imperial Bank of Commerce, NantWorks, and Heritage Bank of Commerce.

The latest funding round was led by NantWorks, a notable investor.

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Daybreak Game Company has a strong presence in the gaming industry, with a focus on creating immersive and engaging experiences for players. The company's games have been well-received by critics and players alike.

The company's flagship game, PlanetSide, was first released in 2003 and has since become a cult classic. It has a dedicated player base and is still actively updated with new content.

Daybreak Game Company's games are known for their massive multiplayer capabilities, allowing thousands of players to interact and play together in a shared world.

The people behind Daybreak Game Company are a talented and experienced team. Here's a glimpse into their leadership and key roles.

The CEO of Daybreak Game Company is Ji Ham. He's at the helm of the company, making strategic decisions to drive growth and success.

As the Senior Vice President and General Counsel, David Youssefi plays a crucial role in overseeing the company's legal affairs. He's also listed as SVP & General Counsel, indicating his importance in the company's structure.

Dave Brown serves as the Art Director, responsible for the visual direction of the company's games. His creative vision helps shape the gaming experience for players.

Here's a list of the key team members:

The company has a strong leadership team in place, with a clear structure and defined roles. This helps ensure that Daybreak Game Company can continue to innovate and succeed in the gaming industry.

Daybreak Game Company has made significant acquisitions in the industry. One notable example is the acquisition of Singularity 6 in 2024, a company founded in 2017 and based in Los Angeles, United States.

The company has also acquired Cold Iron, a company founded in 2015 and based in San Jose, United States. This acquisition happened twice, first in 2018 and then again in 2020.

Some of Daybreak Game Company's competitors include Respawn Entertainment, LLC, Epic Games, and Bethesda Softworks LLC. These companies are all part of the gaming industry and have a significant presence.

Here's a list of some of Daybreak Game Company's competitors and alternates:

Note: Unfortunately, the article section facts do not provide the exact founded year and location for Respawn Entertainment, LLC, Epic Games, and Bethesda Softworks LLC.

Enad Global 7 AB has entered into an agreement to acquire Daybreak Game Company for up to $300m of cash and newly issued EG7 shares.

The acquisition deal is expected to close by the end of the 2020 calendar year, allowing EG7 to take ownership of Daybreak Game Company's current IPs, including third-party ones.

Enad Global 7 has secured funding for the deal, including a $47m revolving credit facility with a 3-year tenor and a $58.8m term loan facility with a 12-month tenor.

The company is also issuing new EG7 shares to Swedish and international investors to raise $188.3m.

As part of the deal, Jason Epstein, the main owner of Daybreak Game Company, will receive about 10 percent of the total number of outstanding shares and votes in EG7.

Other current shareholders of Daybreak Game Company will together hold approximately 3 percent of the outstanding shares and votes in EG7.

Here's a breakdown of the key numbers:

Daybreak Game Company has a history of significant investments and acquisitions. In 2020, Enad Global 7 purchased Daybreak Games for $300M, gaining full ownership.

Daybreak Games has received investment from NantWorks to develop mobile H1Z1 and EverQuest. This investment was announced in 2018.

In 2021, Media And Games Invest, the parent company of Gamigo, purchased 8% of Enad Global 7's shares. This move marked a significant shift in the company's ownership structure.

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Daybreak Games has also made notable acquisitions, including the purchase of Cold Iron Studios. The details of the deal were not disclosed, but it marked a significant expansion of the company's development capabilities.

Daybreak Games has a track record of launching major updates for its games. For example, the company launched a big update for Lord of the Rings Online called Where Dragons Dwell, which enabled exploration of new and expanded regions.

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Daybreak Game Company has a strong strategic rationale behind its acquisition by EG7. The company will get a stable cash flow from free-to-play models with loyal communities of its IPs, further increasing EG7's size and profitability.

One of the key reasons for this acquisition is the financial performance of Daybreak. The company has a proven track record of generating significant revenue and EBITDA from its games. In fact, Everquest series and DC Universe Online together generated 64% of the YTD bookings and 71% of YTD EBITDA as of September 30, 2020.

Daybreak's IPs are also incredibly valuable, with a total of approximately 178 million registered users. This is a testament to the company's ability to create engaging and popular games that resonate with players.

The company's plan to upgrade DC Universe Online and The Lord of the Rings Online for next-gen consoles is also a strategic move. By capitalizing on future Amazon's LOTR series, Daybreak aims to increase its market share and revenue.

Here's a breakdown of Daybreak's financial performance:

Daybreak's acquisition by EG7 is a significant move that will further increase EG7's size and profitability. With its proven track record of financial performance and valuable IPs, Daybreak is an excellent addition to EG7's portfolio.