D3Publisher Of America To Acquire Vicious Cycle Software
Studio Recognized Worldwide for Top Development Talent and Cutting-Edge Proprietary Technology
FOR IMMEDIATE RELEASE
LOS ANGELES - June 20, 2007 - D3Publisher of America, Inc. (D3PA), a publisher and developer of interactive entertainment software, today announced that it has entered into an agreement to purchase North Carolina-based Vicious Cycle Software, Inc. Upon completion of the transaction, D3PA will hold Vicious Cycle Software as a subsidiary through share acquisition. Vicious Cycle Software creates titles for all age groups based on both licensed and original intellectual property and is the developer of the Vicious Engine development technology for consoles, handhelds and the PC.
"The addition of Vicious Cycle to D3PA marks our first acquistion of an internal developer and further strengthens our capabilities in delivering top quality games to the North American market. Vicious Cycle's creative spirit and technical leadership are second to none and we're thrilled to have them join D3PA, " said Yoji Takenaka, executive vice president and chief operations officer, D3PA.
D3Publisher of America and Vicious Cycle already have a long-standing relationship, as the studio has developed or co-developed a number of games for the publisher including Dead Head Fred, a highly-anticipated action-adventure title debuting original IP on the PSP later this year, Flushed Away based on the film from DreamWorks Animation and Aardman (developed under the Monkey Bar Games banner) and the PSP SKU of the runaway hit Puzzle Quest (co-developed by Infinite Interactive Pty. Ltd.).
"Having worked with D3PA for the past few years, we know the company shares our passion for creative excellence and our commitment to quality," said Eric Peterson, president, Vicious Cycle Software. "We're thrilled to become a part of D3PA and we look forward to contributing our creative talents to D3PA's portfolio of innovative games."
In the new ownership structure, Eric Peterson will remain president and Wayne Harvey will remain vice president of Vicious Cycle Software. The company's 50-person development team will remain in Chapel Hill, North Carolina. Financial terms of the transaction were not disclosed.
About Vicious Cycle Software
Vicious Cycle Software, Inc., based in Chapel Hill, NC, is a premier developer of interactive entertainment software for PlayStation®2 computer entertainment system, PLAYSTATION®3 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox® and Xbox 360 video game and entertainment systems from Microsoft, Wii from Nintendo, Nintendo GameCube, Nintendo DS, and the PC. The company, founded in 2000, blazed onto the gaming scene with its debut title Robotech: Battlecry and continues to create titles for all age groups based on both licensed and original IP. Vicious Cycle Software, Inc. is also the developer of the Vicious Engine, a comprehensive and fully portable middleware solution for current generation consoles, handhelds, and the PC. For more information, visit the company's web sites at www.viciouscycleinc.com, www.monkeybargames.com, and www.viciousengine.com.
About D3Publisher of America, Inc
D3Publisher of America, Inc. is a subsidiary of D3, Inc. with headquarters in Tokyo. D3Publisher of America's strategic focus is on licensed and original titles from leading third-party developers that appeal to mass-market consumers or gaming enthusiasts. Based in Los Angeles, D3Publisher of America distributes and publishes software for personal computers and the major console platforms including Game Boy® Advance, Nintendo GameCube, Nintendo DS, PlayStation® game console, PlayStation®2 computer entertainment system, PSP® (PlayStation®Portable) system and the Xbox® video game system from Microsoft. For additional information on D3Publisher of America and its products, visit the website at http://www.d3publisher.us.
For Information, Contact:
Tamara M. Sanderson
D3Publisher of America, Inc.