Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
May 28, 2015
arrowPress Releases
May 28, 2015
PR Newswire
View All

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

Report: US firm takes control of UK-based  Runescape  developer Jagex
Report: US firm takes control of UK-based Runescape developer Jagex
January 9, 2012 | By Tom Curtis

The New York-based venture capital firm Insight Ventures has purchased a majority stake in Jagex, the online game studio behind the long-running MMO Runescape, reports Develop.

This acquisition marks a noted organizational shift for Jagex, as it moves control of the Cambridge-based developer from the UK into the United States.

As part of the deal, Jagex has agreed to pay off 2.5 million ($3.8 million) in pending expenses, and it will use its latest investment from Insight Ventures to "accelerate" its upcoming product launches.

Insight Ventures previously acquired 35 percent of Jagex in 2005, and in February 2011 the firm further invested in the company to bolster its publishing capabilities.

Develop reports that in the 12 months ending March 2011, Jagex revenues reached 45.3 million ($69.8 million), while profits for the fiscal year hit 6.7 million ($10.3 million) after the studio heavily invested in several upcoming projects.

In March 2011, the developer announced a partnership with toymaker Hasbro to create an online game based on the Transformers license, due to launch later this year.

Jagex's flagship MMO Runescape launched in 2001, and now boasts more than 156 million registered accounts.

Jagex is currently located in Cambridge, and employed roughly 400 personnel as of March 2011, says Develop.

Related Jobs

Imangi Studios
Imangi Studios — Raleigh, North Carolina, United States

Senior Game Developer
Bohemia Interactive Simulations
Bohemia Interactive Simulations — Orlando, Florida, United States

Game Designer
YAGER Development GmbH
YAGER Development GmbH — Berlin, Germany

Producer (f/m) at YAGER in Berlin
Respawn Entertainment
Respawn Entertainment — San Fernando Valley, California, United States

QA Tester

Loading Comments

loader image