Game engine developer Voxel Farm sells minority stake to a strategic partner
Dec 10, 2014, 10:12 ET
MONTREAL, QC, Dec. 10, 2014 /CNW Telbec/ - Voxel Farm Inc., a Montreal-based leader in the development of next generation procedural game engine software, announced that it has sold a minority position of the Company to a strategic partner. The deal is expected to aid the Company in gaining access to the European and Asian gaming markets.
"We are very excited to have been able to conclude the transaction. Our team is excited for the future", said Miguel Cepero, Voxel Farm's CEO.
Voxel Farm is best known for being the voxel-based procedural engine used in the development of Sony's blockbuster title Everquest: Next, which is currently available in a beta version.
The terms of the transaction were not disclosed publicly.
IJW & Co. acted as the exclusive M&A adviser to Voxel Farm while Holmested & Associates acted as the legal counsel. Miller Thomson acted as legal counsel to the strategic acquirer.
About Voxel Farm Inc. (www.voxelfarm.com)
Founded in 2012 by Miguel Cepero, Voxel Farm is a developer of next generation procedural game engines that allow users to create hyper realistic virtual worlds within a short period of time. The Company has an internationally renowned team with extensive and advanced knowledge of the gaming industry, having built commercially successful software solutions for AAA studios and indie developers.
About IJW & Co. Ltd. (www.ijw.ca)
IJW & Co. Ltd. is a Canadian-based corporate finance boutique, providing strategic advice on mergers, acquisitions, corporate finance, and business valuation services to mid-market and early-stage tech companies. Founded in 2004, IJW has since become one of the fastest growing corporate finance boutiques focused on tech in Montreal.
SOURCE: IJW & Co.
For further information: Andrew Abrokwa-Ampadu, Vice President, IJW & Co. Ltd., [email protected], T. 514-685-8047 Ext. 102
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