LONDON, UK: tinyBuild, a premium video video games writer and developer with global operations, introduced the acquihire of Demagic Games, a development studio with 23 staff currently based in Ukraine and Russia.
The Company has been working with Demagic Games for over a year on various projects together with Hello Neighbor 2, unannounced titles, and extra recently Deadside.
By bringing Demagic Games in-house, the Company expects to reduce dependencies on exterior studios and increase visibility on the manufacturing process, in line with its core strategy. The small acquihire will have no materials impact on the Company’s earnings.
Alex Nichiporchik, Chief Executive Officer of tinyBuild, commented: “We are delighted to announce our first acquihire this year, and to increase to all Demagic staff our support to alleviate the challenges of the ongoing battle in Ukraine. Demagic has already made a strong contribution to the event of Hello Neighbor 2 and it brings a extremely expert porting team.”
“Our goal is to expand and diversify our place as a global developer and publisher, specializing in IP possession whereas creating long-term scalable franchises throughout a quantity of media formats. In addition, we’re looking at a variety of different potential acquihires and bigger scale acquisitions to improve the Company’s strategic and operational position.”
tinyBuild is headquartered within the USA with operations stretching throughout the Americas and Europe. The Group’s broad geographical footprint enables the Company to supply high-potential IP, entry cost-effective development resources, and construct a loyal buyer base through its innovative grassroots marketing.
tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March 2021. www.tinybuildinvestors.com