lodicasino-According to foreign media reports last week, on July 5, British game publisher Kwalee acquired a 3.58% stake in Devolver Digital. As part of a “balanced growth” strategy, the move aims to expand Kwalee’s business scope beyond the field of casual mobile games. Kwalee highly praised Devolver, calling it a “dream brand” that “can easily define categories.”lodicasino-Robobeat
Kwalee said in a press release that the investment in Devolver fits the company’s strategy to expand into the PC and console game market, which is one of Kwalee’s four target vertical markets. Recently, Kwalee has performed well in the PC and console markets. Its game “Robobeat” has received 97% “very positive reviews” on Steam, and there are still more than ten games under development, including “The Precinct”, “The Spirit of the Samurai” and “In Sink”.lodicasino-Robobeat
In the past 12 months, Devolver Digital has also made frequent moves. In February this year, CEO Douglas Morin resigned, and the company said this would promote “long-term growth and development.” Morin’s position was taken over by executive chairman and co-founder Harry Miller. Prior to this, Devolver spent $40 million to acquire System Era, the developer of “Astronauts”, to expand its internal studio lineup. However, they subsequently laid off 28 employees from their Artificer studio.lodicasino-Robobeat
