June 11, 2015 - Toronto-based TransGaming Inc. (TSX VENTURE:TNG) announced today that it had signed an agreement for NVIDIA to acquire the company's proprietary cross- platform portability technology for US$3.75 million. As part of the transaction, TransGaming also announced that it is becoming an NVIDIA GRID™ preferred partner, so that NVIDIA's cloud gaming technology may be used to power TransGaming's GameTree TV service in the future.
With the acquisition, NVIDIA will open an office in Toronto, its first in Canada. This office is initially expected to be staffed with approximately 15 employees from TransGaming.
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