Ngmoco receives $25 million in funding, buys Freeverse

Techcrunch reports that ngmoco:), the popular iPhone App development company behind such App Store hits as Rolando and Eliminate Pro, has purchased Freeverse. Freeverse is another popular iPhone Development company with App Store favorites Skee-Ball and Motochaser. 

ngmoco was one of the beneficiaries of the Kleiner Perkins Caufield & Byers iFund. 

Earlier this year the extremely prolific gamemaker made a bold move by making their most popular games free and relying on ads and in app purchases for income. It looks like that gamble paid off. ngmoco will do the same with all the apps they have acquired from Freeverse.

So far ngmoco has raised over $40 million from investors and seems that CEO Neil Young is putting it to great use. Young also today announced that the company plans to release an SDK so other developers can use their popular in-game scoring and messaging service.