iPhone Game Developer Ngmoco Acquires Freeverse

TechCrunch reports that iPhone game developer has secured $25 million more in venture capital funding and has also acquired Freeverse for an unspecified price.

Freeverse began as a Mac shareware company in 1994 and has since expanded to other platforms. Their iPhone division has been particularly successful with a number of top hits including Skee-ball, Flick Fishing and Days of Thunder. Meanwhile, Ngmoco was one of the original iFund funded iPhone startup companies that has focused on iPhone gaming. They have recently made the switch over to a "freemium" model in which they give their games away and make their money on in-app purchases. Games such as Eliminate Pro and Touch Pets Dogs have seen success with this model.