Friday, 14 May 2010

Eutechnyx Secures $9 Million Investment

North East based developer Eutechnyx, has secured a $9.25 million investment led by Amsterdam-based venture capital outfit Prime Technology Ventures, who specialise in investing in innovative technology-driven companies.

The $9.25 Million will help finalize the development of a ground-breaking new title set to revolutionize the racing genre, as well as enable Eutechnyx to develop its forthcoming free-to-play infrastructure as the firm expands into the world of casual online games. Monish Suri, General Partner at Prime Technology Ventures commented:
“When we saw what Eutechnyx was working on, we knew we had to be involved, particularly given Eutechnyx’s track record, design heritage and jaw-dropping technology. We only invest in the best, so we’re incredibly excited to be able to play a role in the creation of projects that will drive the future of videogames.”
Brian Jobling, CEO, Eutechnyx commented:
“We’re thrilled to have secured this investment headed up by Europe’s most successful technology VC. As an independent developer, this infusion will help us to continue to forge our own destiny within a rapidly changing games industry. Not only does the investment enable us to continue to innovate, we can continue to do so on our own terms.”
Eutechnyx is one of the largest independent developers in the world, with studios in three continents. Founded in 1987 and headed up by brothers Brian and Darren Jobling, the company now employ over 160 staff and its games consistently rank among the most popular in the world.

2010 will prove to be a landmark year in Eutechnyx’s 23-year history. The firm will be announcing specific details on the project soon, along with other new titles – including a significant new licensed game that will be announced this June.

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