Games

Keyword Acquires High Voltage Software for $ 50 Million

Irish game service provider Keywords Studios has acquired High Voltage Software for up to $ 50 million.

The transaction will allow Keywords to deliver the initial $ 23.75 million in cash and $ 9.75 million worth of newly issued common stock. Deferred payments of $ 16.5 million will also be paid if certain performance goals and other conditions are met prior to December 31, 2021.

With studios in Illinois and Louisiana, High Voltage has worked on over 100 games over its 27-year history, including titles such as: Injustice: the gods between us, Mutant Year Zero: Road to Eden,and Saints Row: Gut Out of Hell,and Fortnite..

According to Keywords, the acquisition will strengthen the game development service line and turn High Voltage’s experience in the right game engine, game platform, and genre into a “goto” technology and creative service platform for the global video game industry. He explained that he would further promote the goal. ..

“The versatile team of the High Voltage team brings deep expertise in the Unreal Game Engine development environment, which has been particularly well-honed in recent years in close collaboration with Epic Games. Fortnite, And has worked with many client-specific game engines, game platforms, and game genres, “commented Keyword CEO Andrew Day.

“We’re also adding a new presence to the group in Chicago and New Orleans, providing access to an additional pool of talent. We’re really happy to welcome the Kerry and High Voltate Software crew to the Keywords Studios family. We look forward to enabling their continued growth as. “

http://feedproxy.google.com/~r/GamasutraNews/~3/jkuKlHykvAw/Keywords_acquires_High_Voltage_Software_for_50_million_.php

Back to top button