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From the News Desk
Wednesday, 16. April 2008
Ubisoft Grabs Gameloft's Indian studio
Ubisoft has recently announced that it has acquired the Indian development studio of primarily mobile phone focused developer Gameloft. The studio, which was formerly part of Gameloft, is based in Pune.
With a staff of 120 developers and testers, this studio has been responsible for creating games for both the PSP and the Nintendo DS, notably releasing the DS version of Assassin's Creed. Ubisoft said it intends to increase the staff to 200 by the end of this year, and looks to have as many as 500 working at the facility in the future.
"Following on the recent announcement of our new Singapore studio, this acquisition will reinforce Ubisoft's presence in Asia and the southeast region in particular. India has a promising future in the videogame industry and this is an opportunity for us to establish ourselves in the country," stated Christine Burgess-Quémard, executive director, worldwide studios at Ubisoft.
In the official announcement of the acquisition, Ubisoft pointed out that Pune's extensive university system (one of the largest in Asia) sees 80,000 engineers graduate each year' - presumably a talent base the firm hopes to tap into.
No financial details were given of the deal, which is expected to close during the first quarter of the 2008/9 financial year. The two companies, both of which are headquartered in Paris, have long enjoyed a close relationship, with Ubisoft owning 18.89 percent of Gameloft’s capital up until July last year.
With a staff of 120 developers and testers, this studio has been responsible for creating games for both the PSP and the Nintendo DS, notably releasing the DS version of Assassin's Creed. Ubisoft said it intends to increase the staff to 200 by the end of this year, and looks to have as many as 500 working at the facility in the future.
"Following on the recent announcement of our new Singapore studio, this acquisition will reinforce Ubisoft's presence in Asia and the southeast region in particular. India has a promising future in the videogame industry and this is an opportunity for us to establish ourselves in the country," stated Christine Burgess-Quémard, executive director, worldwide studios at Ubisoft.
In the official announcement of the acquisition, Ubisoft pointed out that Pune's extensive university system (one of the largest in Asia) sees 80,000 engineers graduate each year' - presumably a talent base the firm hopes to tap into.
No financial details were given of the deal, which is expected to close during the first quarter of the 2008/9 financial year. The two companies, both of which are headquartered in Paris, have long enjoyed a close relationship, with Ubisoft owning 18.89 percent of Gameloft’s capital up until July last year.
