Zynga acquires Rising Tide Games

Maytal Olsha founded Rising Tide Games

Zynga the social gaming giant has acquired Rising Tide Games a new startup company that runs free to play social casino games.

Maytal Olsha launched Rising Tide Games and was a senior executive at Zynga and at Playtika has been a rising star in the sector over recent years. The news of the acquisition was released by online news games service GamesBeat.

The acquisition will see Zynga strengthen their business in a sector that is estimated to grow by 16% in the next year to $4 billion a year.

Markus Pincus who founded Zynga before stepping down has returned to the company as CEO last April after by what many saw as former CEO Don Mattrick’s failed leadership. The value of the deal has not been disclosed.