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DAZ 3D Merges with Israeli Firm Gizmoz, Gets VC Funding

Deal Information
Closing Date: 
12/17/2009
Acquiror: 
Daz3D
Acquiree: 
Gizmoz
Description: 
Seizing the opportunity to meet the increasing and diversified expectations of the virtual goods market, DAZ 3D and Gizmoz today announced a merger that will create the foremost online marketplace for high-quality and inter-compatible digital characters and accessories. With the largest community of active digital character artists, the merged company will allow users to experience personalized digital goods and identities across any platform. The merged company plans to unveil its first new products designed to increase ease of use, portability and integration in Q1, 2010. As part of the merger the new formed company also received funding from Benchmark Capital, Highway 12 Ventures and Columbia Capital.