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Star Arcade execs complete management buyout

Star Arcade execs complete management buyout

Fri 22 Aug 2014 3:32pm GMT / 11:32am EDT / 8:32am PDT
DevelopmentFinancial

Klaas Kersting now an investor in multiplayer studio

Finnish Studio Star Arcade's management team has snapped up a majority stake in the company with a little help from GameForge co-founder Klaas Kersting.

"I am impressed with the Star Arcade management team," Kersting told GamesBeat.

"They have won me over with their dedication, their excellence and their concise vision of the future of multiplayer gaming. They have a number of great products in the pipeline and I am very much looking forward to see those perform on the market."

The company has been around since 2010 and has 26 developers, who it says have launched games played in 180 countries by over a million players.

CEO Harri Myllyla, Jonne Castren and Remco Smit led the buyout, and Kersting also provided investment for the studio and the company now has around €1 million to its name. In the past it's also received funding from angel investors and the Finnish government.

"We are very happy to welcome Klaas Kersting as an investor. We are in the process of launching our latest game this year that will enable synchronous multi player gaming experiences across any device, network and location," added Myllyla.

"Star Arcade is providing multiplayer games that work on tablets, phones, PCs and browsers regardless of the network or the country where the consumer is located in. With support from our new investors, we want to further expand our global reach and strengthen our commitment to release high performing real-time multiplayer games."

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