BAM! Entertainment to Nab VIS
The Scottish development team behind State of Emergency may soon be a part of BAM! Entertainment. Get the goods inside.
Published: February 19, 2004
BAM! Entertainment announced that it has agreed terms to acquire VIS Entertainment, the Scottish developer who gave us State of Emergency, as well as SOE Development Limited (SOED), a company set up to fund the development of State of Emergency 2. The resultant company, which will be led by executives from both BAM! and VIS, will tackle State of Emergency 2 as its first joint project. In addition, the combined business would work on a set of licensed titles, including Carmen Sandiego, Wallace & Gromit, The Powerpuff Girls and Dexter's Laboratory.
"This is an exciting combination of two dynamic businesses whose activities and experience span the globe," exclaimed Raymond C. Musci, Chief Executive Officer of BAM!. "We believe this deal will position our combined businesses strongly in a highly-competitive market, and achieve significant synergies in our operations. We are bringing together some of the most talented and knowledgeable people in our industry. There is little or no overlap between the businesses and we intend that the new combined company will operate in an efficient and rigorous manner, involving both development and publishing of games."
Ken Lewandowski, Chairman of VIS said: "Our agreement with BAM!, which represents a significant development for VIS, would enable our company to participate in a new enterprise with the scope to both develop and publish its own properties."
"The proposed acquisition provides the opportunity for both BAM! and VIS to share and develop their strengths under one roof," explained Chris van der Kuyl, President and Chief Executive Officer of VIS. "We have discussed the potential for the combined businesses at great length and we are convinced that this marriage of developer and publisher represents the way forward for the games and digital entertainment sector."
We'll be sure to keep you updated on BAM!'s proposed acquisition of VIS in the near future.
"This is an exciting combination of two dynamic businesses whose activities and experience span the globe," exclaimed Raymond C. Musci, Chief Executive Officer of BAM!. "We believe this deal will position our combined businesses strongly in a highly-competitive market, and achieve significant synergies in our operations. We are bringing together some of the most talented and knowledgeable people in our industry. There is little or no overlap between the businesses and we intend that the new combined company will operate in an efficient and rigorous manner, involving both development and publishing of games."
Ken Lewandowski, Chairman of VIS said: "Our agreement with BAM!, which represents a significant development for VIS, would enable our company to participate in a new enterprise with the scope to both develop and publish its own properties."
"The proposed acquisition provides the opportunity for both BAM! and VIS to share and develop their strengths under one roof," explained Chris van der Kuyl, President and Chief Executive Officer of VIS. "We have discussed the potential for the combined businesses at great length and we are convinced that this marriage of developer and publisher represents the way forward for the games and digital entertainment sector."
We'll be sure to keep you updated on BAM!'s proposed acquisition of VIS in the near future.