Andrew Gower, Paul Gower, and Constant Tedder left the board of directors at that time. In December 2010 The Raine Group and Spectrum Equity Investors invested in the company, while Insight increased their investment. Jagex received an investment from Insight Venture Partners in October 2005, before which the company had been self-funded. Jagex has developed extraordinarily popular games and is at the leading edge in terms of online safety and security." Richard Wilson, TIGA's CEO, described Jagex as "one of the most successful game developers in the world, not just the UK. Jagex became a member of the United Kingdom's game developer trade body, TIGA, on 15 April 2009. Iddison resigned as CEO in January 2009, replaced by Mark Gerhard, who had been Jagex CTO before his appointment. On 23 October 2007, Geoff Iddison, former European REO of PayPal, replaced Constant Tedder as CEO. By July 2012, Jagex had over 500 employees. On, RuneScape had over 6,000,000 active free accounts and over 1,000,000 active pay-to-play subscribers. By 11 December 2003, RuneScape had 65,000 paying members, and Jagex had 29 employees. Company structure Īs RuneScape gained users, Jagex grew. Following the launch of the Flash-based War of Legends, the company name was said to stand for "Just About the Game Experience". Until the release of War of Legends in 2010, the company used the slogan "Java Gaming Experts" as it had only produced games written in Java up to that point. The pay-to-play version of RuneScape was released on 27 February 2002, and gained 5,000 subscribers in the first week, making it one of the largest Java pay-to-play games in the world at the time. The new company created a paid version of the game with extra features, to support hosting costs and continued development. The game was originally supported by advertisements, however, the dot-com bubble meant that there were fewer advertisers. RuneScape grew dramatically one year after its release over a million free accounts had been registered. Jagex formally acquired the Jagex name from Andrew Gower in 2001. In December 2001, Andrew Gower, Paul Gower, and Constant Tedder launched Jagex in its current incarnation, with Tedder as its CEO.
After initially creating the Jagex name and logo for their projects, brothers and computer programmers Andrew Gower and Paul Gower began trading under the Jagex name in 1999, describing Jagex Software as a "small software company based in England who specialise in producing top-quality Java-games for webpages." That same year they began work on the MMORPG RuneScape, which was released in January 2001.
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