Zynga May Be Hiring Away Electronic Arts COO in Anticipation of Possible IPO

By Ed Silverstein April 26, 2011

Zynga, the social gaming company, is possibly hiring away the chief operating officer from Electronic Arts Inc., sources told Reuters this week. The move could indicate an IPO is possible.

The COO, John Schappert, will lead Zynga's game division, Reuters reported, citing unnamed sources.

Schappert has 17 years of experience in the game industry, according to the EA website.

After working as a game software engineer and project leader, he founded Tiburon Entertainment in 1994, which is the studio behind EA’s Madden NFL, NCAA Football and Tiger Woods games. Tiburon was acquired by EA in 1998.

In 2002, he moved to EA’s Burnaby Studio in British Columbia, Canada, and was promoted to senior vice president and group general manager for the company. He oversaw production of FIFA Soccer, NHL hockey, and Need For Speed. He was later named COO for EA’s Worldwide Studios and executive vice president, and oversaw EA’s Online Platform and Central Development Services Group.

In 2007, he went to Microsoft where he created the LIVE Software Division, an online services group for Xbox. He oversaw large franchises, including Halo, Gears of War and Forza Motorsport. Schappert and the team increased Xbox Live from 6 million to 20 million members.

In June 2009, he was named COO at EA, where he has been responsible for Worldwide Publishing, Online Platform Group, EA Interactive, Central Development Services and other divisions.

Given that Schappert has experience in management at a publicly-traded video game company, it may indicate Zynga could soon have an initial public offering, Reuters said. Zynga has seen a lot of growth recently with games such as FarmVille and CityVille.

Reuters adds that Zynga raised about $500 million from investors during most recent investment round, with the company valued at up to $10 billion.

EA has some 8,000 employees located worldwide. EA develops, publishes, and distributes software for video games, PCs, wireless devices and the Internet, according to the company’s website.

In February, Zynga had a value of between $7 billion and $9 billion, according to a report from The Wall Street Journal. That is a definite increase from a year ago, when the company gave a value of about $4 billion, according to TechZone360. The company is about three years old.




Ed Silverstein is a TechZone360 contributor. To read more of his articles, please visit his columnist page.

Edited by Jennifer Russell

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Remote Work: The Future of IT

By: Special Guest    6/28/2017

Remote work opportunities are on the rise thanks to innovative technology that makes telecommuting and virtual collaboration more effective than ever …

Read More

WannaCry? No, It's Worse in New Ransomware Attack

By: Steve Anderson    6/28/2017

A wave of ransomware attacks strikes computers across much of the planet, leading some to wonder if WannaCry has made a return.

Read More

Surface Pro, Surface Book, Surface Notebook: The Choice Is Surprisingly Easy

By: Rob Enderle    6/27/2017

I've been using Microsoft's latest versions-or, in some cases, the only versions-of its Surface PC line of products. Each is very different in terms o…

Read More

Two Technologies That Showcase Good VR Could Cost $20K

By: Rob Enderle    6/23/2017

This month, there were two interesting product announcements. The first was in regard to very high-resolution displays that should arrive in VR headse…

Read More

Popularity of Voice Recognition Gadgets Highlights Need for Speech Analytics

By: Kayla Matthews    6/21/2017

Voice-activated personal assistant platforms such as Amazon's Alexa continue to grow in popularity, making lives easier in all sorts of ways. As such …

Read More