Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 21, 2018
arrowPress Releases
  • Editor-In-Chief:
    Kris Graft
  • Editor:
    Alex Wawro
  • Contributors:
    Chris Kerr
    Alissa McAloon
    Emma Kidwell
    Bryant Francis
    Katherine Cross
  • Advertising:
    Libby Kruse






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Foundation 9 Gets 'Significant' Funding Investment

Foundation 9 Gets 'Significant' Funding Investment

June 1, 2006 | By Simon Carless




Major independent video game developer Foundation 9 Entertainment (Death Jr.), which includes divisions including Backbone, Digital Eclipse, The Collective, and Pipeworks, has announced that it has received "a significant capital infusion" from technology-focused investment firm Francisco Partners.

According to the company, Francisco Partners will fund Foundation 9 with up to $150 million over the next few years, with access to further resources as necessary for Foundation 9’s organic growth, IP development, and future acquisitions. UBS Securities served as advisor to Foundation 9 in the transaction.

Foundation 9 Entertainment was formed just over a year ago by the merger of Backbone Entertainment and The Collective. The company has shipped more than 300 titles since its inception, including the original title Death, Jr. Foundation 9’s games have generated more than $1 billion in consumer sales, with recent successes including the multi-million seller Star Wars Episode III: Revenge of the Sith.

The company owns a significant minority stake in Hollywood production and management company, Circle of Confusion, whose clients include the Wachowskis, creators of The Matrix. Circle of Confusion recently announced a production deal with CBS.

Brian Ruder, a principal with Francisco Partners, commented of the deal: “Francisco frequently makes follow-on investments behind our platform companies. Relative to other businesses we have evaluated in the videogame sector, Foundation 9 enjoys a low volatility, solid growth, and consistent profitability, making it an excellent platform for further consolidation, and continued deployment of capital.”

“We've had great success – and it’s been a fantastic ride – pursuing, on our own, both a profitable work-for-hire business, as well as layering on new creative opportunities with original IP development,” said Jon Goldman, Chairman and Chief Executive Officer of Foundation 9 Entertainment. “Francisco Partners’ deep resources will enable us to continue creating stronger opportunities for our employees and publishing partners, as well as our partners in the film/TV and consumer products worlds.”


Related Jobs

Poleaxe Games LLC
Poleaxe Games LLC — SAINT JOHNS, Florida, United States
[10.20.18]

Contract: Graphics programmer for surface effect system
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States
[10.19.18]

Senior Programmer
Cold Iron Studios
Cold Iron Studios — San Jose, California, United States
[10.18.18]

Console Gameplay Engineer
Cold Iron Studios
Cold Iron Studios — San Jose, California, United States
[10.18.18]

Site Reliability Engineer









Loading Comments

loader image