Paradox Interactive Acquires Overlord Developer Triumph Studios
//cdn.themis-media.com/media/global/images/library/deriv/1416/1416650.jpgTriumph Studios, the developer behind Overlord and Age of Wonders, is now part of Paradox Interactive.
Paradox Interactive is pretty well known these days for the games it publishes, like Cities Skylines, Tyranny, Crusader Kings II, pillars of Eternity, and more. Its list of properties got a bit longer today, as the Swedish publisher announced that it has acquired Triumph Studios.
Triumph has developed some games you've likely heard of - Age of Wonders and Overlord. As part of the deal, the company's founders, Lennart Sas and Arno van Wingerden, will be staying on, and Paradox says that "all ongoing projects will remain in development." Obviously, those projects will now be published by Paradox.
In the official statement announcing the acquisition, Paradox CEO Fredrik Wester said, "Triumph Studios is a developer of our own heart. They are world-leading within their niche and have built a large and dedicated community over the years, counting quite a few Paradox employees among their hardcore fans. We have great faith in Lennart, Arno and the Triumph team, and our main focus now is to ensure that they can continue to create their magic under new ownership."
The statement also quotes Triumph Studios CEO and co-founder, Lennart Sas, who says of the acquisition, "We have been approached by others before with an interest to acquire us, but this is not merely a business transaction for us. This is a liaison with a partner that can help us grow sustainably by ensuring the stability and continuity needed for us to do more of what we do best - develop some of the best turn-based strategy games on the market today. Paradox is a good match for us both culturally and games-wise. They get it. It's as simple as that, and we are extremely excited about the acquisition."
There's no word on the financial terms of the deal, but it certainly seems like a good fit for all involved.
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//cdn.themis-media.com/media/global/images/library/deriv/1416/1416650.jpgTriumph Studios, the developer behind Overlord and Age of Wonders, is now part of Paradox Interactive.
Paradox Interactive is pretty well known these days for the games it publishes, like Cities Skylines, Tyranny, Crusader Kings II, pillars of Eternity, and more. Its list of properties got a bit longer today, as the Swedish publisher announced that it has acquired Triumph Studios.
Triumph has developed some games you've likely heard of - Age of Wonders and Overlord. As part of the deal, the company's founders, Lennart Sas and Arno van Wingerden, will be staying on, and Paradox says that "all ongoing projects will remain in development." Obviously, those projects will now be published by Paradox.
In the official statement announcing the acquisition, Paradox CEO Fredrik Wester said, "Triumph Studios is a developer of our own heart. They are world-leading within their niche and have built a large and dedicated community over the years, counting quite a few Paradox employees among their hardcore fans. We have great faith in Lennart, Arno and the Triumph team, and our main focus now is to ensure that they can continue to create their magic under new ownership."
The statement also quotes Triumph Studios CEO and co-founder, Lennart Sas, who says of the acquisition, "We have been approached by others before with an interest to acquire us, but this is not merely a business transaction for us. This is a liaison with a partner that can help us grow sustainably by ensuring the stability and continuity needed for us to do more of what we do best - develop some of the best turn-based strategy games on the market today. Paradox is a good match for us both culturally and games-wise. They get it. It's as simple as that, and we are extremely excited about the acquisition."
There's no word on the financial terms of the deal, but it certainly seems like a good fit for all involved.
Permalink
