VR Specialist Studio nDreams Acquired by Aonic

VR Specialist Studio nDreams Acquired by Aonic

nDreams has been on the forefront of VR video games growth for a number of years now, and because it continues to develop, it’s been introduced that the studio has been acquired by Aonic. The corporate invested $25 million in nDreams earlier this 12 months to accumulate a minority stake, and has now accomplished a full acquisition for the value of $110 million.

Aonic has mentioned that nDreams, which presently employs about 250 folks, will proceed below its present management. Co-founders Patrick and Tamsin O’Luanaigh will proceed of their roles as chief govt officer and chief folks officer respectively, whereas the remainder of the corporate’s govt workforce will even keep on.

“We arrange nDreams in 2006, pivoted to focus solely on VR video games in 2013, and we’re happy with every thing we’ve achieved as an impartial firm,” mentioned nDreams CEO Patrick O’Luanaigh. “After 18 months of working collectively, we’re assured we’ve discovered the best accomplice in Aonic. That is the best second to welcome their assist to strengthen our place even additional, and seize this vital second for VR and MR.”

“nDreams has finished an unparalleled job bringing among the largest VR titles to market, and it was a pure match for us to welcome them to the Aonic household and supply our studios with the most effective workforce in relation to the VR / MR gaming house,” mentioned Aonic CEO Paul Schempp. “This acquisition is one more instance of Aonic’s dedication to championing mid-sized studios and creating an surroundings the place groups can create improbable video games.”

nDreams has beforehand labored on acclaimed VR titles like Phantom: Covert Ops, Synapse, and Ghostbusters: Rise of the Ghost Lord, and in addition revealed PowerWash Simulator VR.

Aonic and nDreams have acknowledged that each one 4 of the latter’s growth studios are at work on future tasks, whereas the studio can be persevering with to work with exterior companions for publishing alternatives, with bulletins deliberate for 2024.

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