M+E Daily

Jargon Acquired by Giant Interactive

Blu-ray Disc creative design and software services company Jargon Technologies has been acquired by digital services company Giant Interactive, with the former giving the latter a major R&D division that’s worked on many special projects for major studios.

Under the agreement, [Jargon CEO] Bhanu Srikanth will take on the role of CTO for Giant Interactive, while Jargon COO Nathan Epstein will become Giant’s Solutions Architect. All current Jargon employees will be retained, as integrates them into their existing mobile, Web and interactive development services. Jargon will continue to provide license and support for Ultra HD Blu-ray independently.

“Giant Interactive is a perfect fit for Jargon,” Srikanth,said. “They understand our business and have the resources to help us reach the next level. Now our technical team can fully focus on R&D while ensuring that our clients receive the very best possible development expertise, client service and design in this ever-changing marketplace.”

Financial details of the acquisition were not disclosed.

“I have been extremely impressed with the work of Srikanth and her team at Jargon in the past seven years,” said Jeff Stabenau, president of Giant Interactive. “Technology evolves quickly and Jargon Technologies has led the way through those changes in the Blu-ray and mobile industries. They’ve built a distinguished client base during this time and been entrusted with major projects. We are proud to be adding Jargon to the Giant Interactive family.”

Jargon was founded in 2009 and was been working with studios, creative, and authoring partners, on several next generation media technologies, covering R&D, standardization, cross platform interactivity and more.