Keywords Studios today announces the acquisition of an 85% interest in high quality game developer Tantalus.
The investment furthers Keywords’ strategy to become the ‘go-to’ technical and creative services platform for the global video games industry and marks Keywords Studios’ entry into the Australian video games market.
Based in Melbourne, Australia and founded in 1994, Tantalus is a leading and prolific developer of high quality, multi-platform titles.
Led by Tom Crago, the studio has worked on close to 100 games, on every major platform since the Super Nintendo Entertainment System.
Notable game franchises among the studio’s credits include Age of Empires, The Legend of Zelda: Twilight Princess, Cities Skylines, Sonic Mania and Mass Effect.
Crago will work with Keywords Studios to drive its expansion in the region, both organically and through a healthy pipeline of acquisition opportunities.
Jon Hauck, Joint Interim CEO of Keywords Studios, commented: “Tantalus brings 27 years of experience of video game development in Australia for some of the largest global publishers and leading titles.
“The talented team, led by Tom Crago and supported by an experienced management team, has an impressive track record of development work on major franchises including Age of Empires, Sonic Mania, The Legend of Zelda, Mass Effect, Cars and Cities: Skylines.
“We are delighted to welcome Tantalus to the Keywords Studios family. As our first investment in Australia, we are very excited to work with Tom and his talented team who will bring invaluable expertise and market knowledge as we expand our presence in this attractive and growing region.”
Tom Crago further commented: “This is a great day for our team and we are delighted to be joining the Keywords Studios family.
“We share the same outlook on the opportunities within the video game industry and we’re grateful to Keywords Studios for investing in our growth, not just in Tantalus, but in the wider Australian market.”