Thunderful has acquired Stage Clear Studios, a Madrid-based developer known for original work and collaborative work on other studios’ games, the company announced.
While Thunderful has acquired Stage Clear Studios, the deal is reportedly for up to €2.5 million and includes 41 employees that will now fall under Thunderful proper. This will help assist Thunderful with their game ports, co-development of internal titles, animation, and more.
Under the new parent company Thunderful, Stage Clear Studios will increase their staffing to assist the group overall with their international game development and releases. Stage Clear Games has collaborated on big titles like Castlevania: Lords of Shadow, Dead Space, and more.
“The acquisition of Stage Clear Studios is fully in line with our strategy to grow our Games segment and the Group as a whole,” said CEO Brjann Sigurgeirsson of Thunderful Group. “Stage Clear are versatile: they’ve shown over the years that they can develop, improve and port ongoing projects, but they’re also working on interesting game projects of their own. The acquisition strengthens our international position, broadens our network towards more development studios and creates synergies within the Group’s development and publishing operations. We welcome our new co-workers in Madrid, who will work closely with their colleagues in the Nordics, UK and Germany.”
Stage Clear Studios CEO and co-founder Daniel Santos Fonseca added, ”In Spain we say that there are trains in life that you have to catch, and the opportunity to be part of Thunderful Group is such a train. When I met the Thunderful management and they told me about their plans, I knew we had to be part of it. We are very proud and excited to start this new adventure in Thunderful Group!”
