Vivendi Universal Games (VU Games) today announced that it has completed the purchase of leading independent developer, High Moon Studios. Under the agreement, VU Games will retain High Moon's team of more than 100 development professionals, as well as rights to the studio's intellectual properties. John Rowe, president and CEO of High Moon, will continue to manage the studio from its state-of-the-art facility located in Carlsbad, CA. Financial terms of the transaction were not disclosed.
"VU Games and High Moon are already collaborating on a soon-to-be-announced project based on a major entertainment license," said Bruce Hack, CEO of VU Games. "Our acquisition of the studio is another major step forward in building the company's position as a leader in next generation console games."
Over the past year, High Moon earned numerous accolades for its development accomplishments. In December, High Moon was named among the "Top 50 Technology Innovators of 2005" by IT Week for applying Agile Methodology to its development of next-generation games. The studio's adoption of the innovative R&D method also earned it a "2005 Workplace Excellence Award" from the San Diego chapter of the Society for Human Resource Management. High Moon's critically acclaimed first-person shooter Darkwatch has been recognized with several art and animation awards, including five Davey Awards, two Aurora Awards and a Telly.
"High Moon has assembled an experienced team of development professionals who are passionate about creating compelling interactive entertainment for audiences around the world," said John Rowe, president and CEO, High Moon Studios. "We are happy to be a part of Vivendi Universal Games, and we believe that the acquisition is a very positive step for the growth of our studio."
High Moon Studios, LLC was represented in this transaction by Daniel H. Petree of P2 Partners, and by ECA Securities, LLC, an affiliate of Europlay Capital Advisors, LLC.
