ngmoco Buys Mac and iPhone Game Maker Freeverse

Game developer ngmoco just extended its reach into the iPhone market thanks to its purchase of long time Mac and iPhone game maker Freeverse. The purchase followed a venture capital round that raised US$25 million, according to Tech Crunch.

Freeverse games are priced around US$2.99, but ngmoco plans to offer the company's titles for free and generate revenue with in-app sales. So far, the in-app purchase model has been working for ngmoco, and the company seems to think it will work with the Freeverse titles as well.

iPhone apps, however, aren't the only titles in the Freeverse lineup. The company also develops applications for Mac OS X and Windows, but there's no word yet on what ngmoco plans to do with those products.