By Sheetal Sukhija, Irish Sun
23 Jul 2018, 04:25 GMT+10
DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment.
Keywords released a statement announcing that it has acquired a Canadian video game and interactive media development studio as part of its expansion drive.
The Irish firm said that it has acquired Snowed In Studios for 2.6 million euros (CAD$4 million).
In its statement, Keywords said that the acquisition not only strengthens and enhances the Keywords Engineering service line but also helps it expand into Canada.
Andrew Day, CEO of Keywords, said in the statement, "The addition of Snowed In to the group will add strength and scale to our recently established engineering service line and enable Snowed In to take advantage of the group's very strong presence in the region to support its growth."
Day added, "Having grown the Engineering service line from nothing in May 2017, we now employ over 300 software engineers in multiple regions, and I'm delighted that Jean-Sylvain, Tim, Evan and their highly talented and creative team are joining the Group as we continue to grow."
Snowed In, which provides engineering and co-development services to the video-games industry, was founded in 2010.
The firm, which employs 29 people at its Ottawa office, also boasts of well-established relationships with clients like Ubisoft and Bethesda.
In its latest financial year ending January 31, 2018, the company reportedly recorded earnings of CAD$0.8 million from revenue of CAD$2.4 million.
Keywords said that the firm's current owners will remain with the business post the acquisition.
Commenting on the acquisition, Studio Head of Snowed In Studios, Jean-Sylvain Sormany said, "We are very excited about the acquisition of Snowed In Studios by Keywords as it will strengthen the gaming sector in Ottawa by having a large key player setting foot in the region. It means stability, growth and more opportunities for talents to continue fostering in our local industry."
Get a daily dose of Irish Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Irish Sun.
More InformationWASHINGTON, D.C.: The U.S. has banned the use of a synthetic food dye, Red No. 3, which gives some candies, ...
WASHINGTON, D.C.: Donald Trump's nominee for the Interior Department, Doug Burgum, has said that he would work hard to achieve ...
The expected ceasefire between Israel and Hamas has begun after being delayed by almost three hours when Israeli Prime Minister ...
WASHINGTON, D.C.: Washington is preparing for President-elect Donald Trump's inauguration next week with extensive security measures. Temporary black fencing, 30 ...
LOS ANGELES, California: The J. Paul Getty Museum's valuable art collection, featuring works by Van Gogh, Rembrandt, Monet, and Degas, ...
NEW YORK CITY, New York: A Russian woman, Svetlana Dali, 57, has been charged with stowing away on a flight ...
DUBLIN, Ireland: Global oil prices are surging once again, pushing up the cost of petrol and diesel at the pump ...
FRANKFURT/BERLIN, Germany: Chinese automakers and officials are showing interest in acquiring German factories slated for closure, including those owned by ...
DUBLIN, Ireland: Ferry services between Holyhead Port and Dublin have resumed after a six-week disruption caused by damage to terminals ...
DUBLIN, Ireland: Ireland has emerged as an increasingly popular destination for international students, with enrolments reaching an all-time high of ...
PARIS, France: French Prime Minister Franois Bayrou announced plans to renegotiate the contentious pension reform that raised the retirement age ...
WARSAW, Poland: The town of Glogowek in southwestern Poland is making a bold pitch to Elon Musk: transform its 13th-century ...