O2 Games was founded in 2005 focusing on MMO and social games. It started with an initial investment of R$1,800 from Brazilian investors and 5 business partners. Currently they have 16 employees and their main products are GameGol and Golaço which generate an annual turnover of R$1,200. GameGol is an online football manager game with over 30,000 daily matches and 645,000 registered users. Their business model involves monthly subscriptions from paying users who convert at a 10% rate from free players.