Tinybuild double volume with Versus Evil and Red Cerberus acquisitions
A few months after its IPO, Tiny build still confirms its growth ambitions by acquiring the publisher versus Evil and the Multidisciplinary Studio Red Cerberus.
The acquisition of the publisher and the studio cost $12.5 million in Tiny build, but this amount can climb up to $31.3 million in the next three years based on the results of Versus Evil and Red Cerberus.. The first has published titles like First Class Trouble, Gunmetal, Pillars of Eternity and The Banner Saga While the second is a Brazilian studio specializing in the co-development, the location or quality assurance.
These acquisitions are far from anodyne for Tiny build. By integrating Versus Evil, whose label will continue to exist separately, the Seattle-based publisher adds more than 30 games in his catalog. As for the Brazilian studio Red Cerberus, it counts not less than 250 employees, which means that Tiny build now employs more than 400 people all trades combined.
Founder and executive of Tiny build, the former PRO player and a journalist Alex Nichiporchik is pleased to have concluded these agreements which he will be able to diversify the extent of genres covered by Tiny build (the RPG and the strategy, in particular) and open it to it. Strategically the doors of the Latin American market. For the first half of 2021, Tiny build achieved a turnover of $18.6 million and an operational profit of 689,000 euros.
Before Versus Evil and Red Cerberus, Tiny build had started an acquisition campaign by surrounding the small teams more or less unknown as We're Five Games ( TOTALLY Reliable Delivery Service ), Hungry Couch ( Black Sky lands ), Moon Moose ( Cartel Tycoon ), Dog helm ( Streets of Shape ), Animal ( Lawmen ) and Bad Pixel ( Dead side ).
Are you also interested in topics related to Red Cerberus Games?
First March, we have defined a very clear strategy: we want ambitious founders to join us and help us bring the business to a new level, together. This included several pillars for our merger and acquisition strategy, In particular: a complementary publishing label, an internal service provider and strategic expansion in emerging regions such as South America. With Versus Evil and Red Cerberus, we reach these 3 strategic objectives, says Alex Nichiporchik, whose Label had taken off thanks to the viral success of the franchise Hello Neighbor. The other games noticed from the catalog Tiny build include Potion Craft, Kill It With Fire, TOTALLY Reliable Delivery Service, Graveyard Keeper, Punch Club, Pathologic 2, Hell point or Streets of Shape.