Jagex Ltd Secures Investment From Insight Venture Partners

Jagex Limited, developer of the popular Massive Multi-Player Online Role-Playing Game, RuneScape, today announced it has secured an investment from Insight Venture Partners. The minority investment follows explosive growth over the past 18 months and will help expand the depth and breadth of Jagex’s product offerings globally, including additional development of RuneScape to enhance the playing community’s experience.

"Insight Venture Partners is one of the leading investment firms for software, content, and Internet enabled businesses," said Constant Tedder, Chief Executive Officer of Jagex Limited. "Considering Insight’s excellent track record, talented team and dedication to the online gaming community, they were an ideal investor and we look forward to partnering to achieve great milestones for our community, our employees, and our partners."

RuneScape, is one of the most popular MMORPGs (Massive Multi-Player Online Role-Playing Games) in the world. Jagex currently has over 3.5 million active players and 500,000 paying subscribers. The Company intends to become a significant online operator in all the major gaming markets worldwide, developing and commercializing compelling persistent character games that appeal to a wide audience and based on cutting-edge technologies developed in-house. The Company aims to grow RuneScape market share in non-English language markets as well as to release completely new games for its loyal user community.

"Jagex represents an ideal fit for Insight’s investment profile," said Jeff Horing, founder and managing partner at Insight Venture Partners. "The Company has a dedicated community of users, innovative technology that allows for maximum player experience, and more exciting games in the pipeline. We are very enthusiastic about the prospects for the Company and look forward to working with the Founders to accelerate growth."

About Jagex Limited

Founded in 2001, Jagex Limited is a global leader in massive multiplayer online gaming. Jagex’s offerings range from smaller, free-to-play "mini-games" to its flagship online 3D adventure game, RuneScape, which is one of the most popular MMORPGs (Massive Multi-Player Online Role-Playing Games) in the world. The game is played primarily via the Company’s website www.runescape.com, or via partner sites, with a core advantage in that members are able to "play anywhere". Jagex licenses its multiplayer and single player games to third party websites looking to give their site additional entertainment content. With half a million paying subscribers, Jagex aims to become a significant online operator in all the major gaming markets worldwide, developing and commercializing highly compelling persistent character games that appeal to as wide an audience as possible.

About Insight Venture Partners

With over $1.5 billion under management, Insight Venture Partners is the leading venture capital firm specializing in software and Internet services. Insight Venture Partners invests in entrepreneurial companies developing technology-based solutions for businesses and consumers. Headquartered in New York, Insight Venture Partners has taken a global approach to investing in a market where experience, value-add consulting and the ability to execute are the foundations of success. For additional information, visit the Firm’s web site at www.insightpartners.com.