The new OnLive has confirmed that Steve Perlman will continue as CEO.
"Steve continues as CEO and is currently concentrating on the transition; once this is complete, he'll be very focused on our next product releases and the vision," said the cloud gaming company in a statement.
"There will be changes to the organisation both with old and new OnLive staff that will be bringing new features and games to the service. There will be more announcements - both large and small, such as the arrival of the Vizio CoStar and the Ouya Kicktarter project, and stay tuned for major announcements coming soon."
"Gary invested in OnLive because he sees OnLive as the future of gaming, computing and media delivery, he recognizes just how big an idea it is, and is standing firmly behind it. With OnLive on solid financial footing, we see great things ahead."
"Instead of 'game over,' we will take this to a higher level."