Kabam has acquired Exploding Barrel Games; terms of the deal were not disclosed. Exploding Barrel, developers of the acclaimed Margaritaville Online, will become part of the free-to-play publisher.

“We blew away our targets for 2012,” said Kabam CEO Kevin Chou. “We did much better than we publicly talked about. It was a phenomenal growth year for us. That’s why we felt it was the right time to acquire EBG.”

“Kabam is at the top of their game in the free-to-play space,” said Exploding Barrel president Scott Blackwood. “We learned a lot working with them.”

Source: GamesBeat