Publisher Vivendi Universal Games has announced the sale of its educational games division, Knowledge Adventure, to a pair of Californian venture capital firms - but will continue to perform sales and distribution roles for its titles.
Financial terms of the deal, which sees ownership of the division and its titles being transferred to Azure Capital Partners and Telesoft Partners, were not disclosed in today's announcement.
"The divestiture of these educational software titles is part of VUG's strategy in the U.S. to focus our business on games," according to VU Games CEO Bruce Hack. "The agreement with Azure and Telesoft is positive for VU Games and Knowledge Adventure, as it will enable both parties to focus on building their respective core strengths."
Under the terms of the deal, Knowledge Adventure will now become a part of Knowledge Holdings Inc, a company formed specifically for the purposes of the buy-out by the venture capital partners.
Knowledge Adventure developers software for both PC and console platforms, and its best known for its JumpStart Learning System and Blaster Learning Series titles.