Please ensure Javascript is enabled for purposes of website accessibility

3D Systems Corporation Buys Digital PlaySpace in 5th Acquisition Since Dec.

By Patrick Morris - Feb 19, 2014 at 1:02PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

3D Systems Corporation has acquired Digital PlaySpace, a game design and development studio that bolsters brand engagement for consumers.

Today 3D Systems (DDD -4.96%) announced it has made another acquisition, buying Digital PlaySpace (DPS) for an undisclosed amount. Digital PlaySpace bills itself as a game design and development studio that bolsters brand engagement.

Through the use of its DigitalDollhouse.com and Dreamhouse Designer Facebook app, Digital PlaySpace allows its users to create playhouses and other toys which can in turn be printed through the Cube 3D Printer or the cloud services provided by 3D Systems. The press release highlighted that the hosting and publishing platforms created by Digital PlaySpace are utilized by both parents and children. Its combination of "design, gaming, and community sharing," are used to "deliver a vivid 3D create-and-make experience," said 3D Systems.

Digital PlaySpace was founded by Jesyca Durchin, who has received awards for her efforts with Mattel in the creation of interactive and 3-D animated films. She also works with Disney Theme Parks and has assisted in the creation of games, films, and rides for a variety of different companies.

"We are excited to have Jesyca and her entire Digital PlaySpace team join our Cubify platform, enabling millions of new users to connect with family, friends and favorite brands in more immersive and socially creative ways," said the Chief Marketing Office of 3D Systems, Cathy Lewis, in the press release. "Digital PlaySpace's ability to customize and rapidly publish mobile and web 3D printable content provides a differentiated value proposition for brands and consumers alike."

This will mark the eight acquisition by 3D Systems since August, and the fifth since December. On Jan. 3 it announced it had acquired Gentle Giant Studios, a provider of 3-D modeling for both the entertainment and toy industries. It also announced on Dec. 18 a $33 million cash acquisition of a portion of the Xerox solid ink and engineering development groups.  This followed the December acquisitions of 3-D printing filament manufacturer Village Plastics Co. as well as ceramics printer Figulo Corporation. Other acquisitions over the past half-year or so include Sugar Labs, TeamPlatform, and CRDM. The company also recently announced partnerships with Hasbro and Hershey.   

Durchin was quoted in the press release as saying: "Our vision is to deliver a '3D PlaySpace' for everyone. The immersiveness and fun of our PlaySpace experience enhances brand recall and loyalty, enabling brands and retailers to connect with consumers in a whole new way. We designed Digital PlaySpace from the bottom-up for publishing flexibility and scalability, and 3DS is the perfect home for our growth."

Patrick Morris has no position in any stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

3D Systems Corporation Stock Quote
3D Systems Corporation
DDD
$11.11 (-4.96%) $0.58
Meta Platforms, Inc. Stock Quote
Meta Platforms, Inc.
META
$167.96 (-3.84%) $-6.70
Hasbro, Inc. Stock Quote
Hasbro, Inc.
HAS
$84.00 (1.70%) $1.40
The Walt Disney Company Stock Quote
The Walt Disney Company
DIS
$120.14 (-2.06%) $-2.53
Xerox Corporation Stock Quote
Xerox Corporation
XRX
Mattel, Inc. Stock Quote
Mattel, Inc.
MAT
$24.21 (0.46%) $0.11
The Hershey Company Stock Quote
The Hershey Company
HSY
$233.18 (1.10%) $2.53

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
397%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/20/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.