Annapurna Interactive has announced that it has acquired the South African game company 24 Bit Games.
The latter company “portfolio includes projects that range from porting to co-development to tool production for independent and AAA studios, across platforms such as mobile, PC, VR, and consoles. The company’s client list includes a broad range of publishers, developers, media companies, and tech platforms.” It’s also worth noting that this is Annapurna Interactive’s first acquisition.
The purpose of this acquisition is described as follows:
“The acquisition will help 24 Bit Games grow its development team and proprietary technology toolkits for its client base and future new projects, while its current employees and leadership will continue to operate the business as usual under the Annapurna umbrella. Together, the companies will continue to commit to 24 Bit’s ongoing advancement and support of the South African game development industry.”
Deborah Mars, Co-Head, Annapurna Interactive, stated the following:
“Annapurna has been working with 24 Bit for many years, and we value not only the caliber of their work, but their team as well. They’ve always shared our commitment to quality, and by taking our partnership to the next level we feel like anything is possible.”
Luke Lamothe, CEO of 24 Bit Games, stated the following:
“We deeply respect Annapurna’s approach to curating a portfolio of great games, its value system around building and extending IP, as well as the company culture. We have truly enjoyed working together over the years, and we believe we are joining Annapurna at an exciting moment of growth and expansion.“
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