Aonic Acquires nDreams: Expanding the World of VR Gaming
Aonic, a prominent video gaming group, has completed its acquisition of nDreams, the world’s largest VR game developer and publisher. This significant milestone represents a total enterprise value close to $110 million, solidifying Aonic’s position in the global gaming industry.
Headquartered in Stockholm, Sweden, Aonic is a diverse group of gaming companies known for their unique specializations. With investments in notable studios such as OtherSide Entertainment, Milky Tea, Exmox, and TutoTOONS, Aonic is well-equipped to support and nurture the growth of nDreams.
Under the leadership of CEO Patrick O’Luanaigh, nDreams has established itself as a pioneering force in the VR gaming landscape. Acknowledging the remarkable achievements made as an independent company, O’Luanaigh expresses confidence in finding the right partner in Aonic. This strategic alliance aims to strengthen nDreams’ position and seize the opportunities presented by the rapidly evolving VR and MR markets.
The acquisition has already had a transformative impact on nDreams, with the team doubling in size to 250 individuals. The studio’s commitment to delivering exceptional VR experiences is evident in their internally-developed titles, including the critically acclaimed Synapse and Ghostbusters: Rise of the Ghost Lord. Additionally, nDreams’ ventures into third-party publishing have yielded resounding success with titles like PowerWash Simulator VR and Little Cities.
Aonic’s CEO, Paul Schempp, recognizes nDreams’ unparalleled contributions to the VR gaming landscape. By integrating nDreams into the Aonic family, Schempp aims to provide their studios with an unmatched team in the VR/MR gaming space. This acquisition showcases Aonic’s dedication to fostering mid-sized studios and creating an environment conducive to the development of exceptional games.
The co-founders of nDreams, Patrick and Tamsin O’Luanaigh, will continue to lead the company alongside the existing executive team. With a focus on continuity, nDreams will benefit from a stable and supportive environment to sustain its growth trajectory. Furthermore, this acquisition will enable nDreams to make future investments in third-party publishing and potentially explore additional studio acquisitions.
Exciting projects are already underway across nDreams’ four development studios, as well as collaborations with third-party developers. Fans can anticipate an array of innovative VR experiences to be unveiled by nDreams in the coming years.
As Aonic and nDreams join forces, the world of VR gaming is poised for unprecedented growth and exceptional gaming experiences. The possibilities are endless as these industry giants converge, pushing boundaries and revolutionizing the way we interact with virtual realities.
FAQ:
Q: What is Aonic?
A: Aonic is a prominent video gaming group with diverse gaming companies under its umbrella.
Q: What is nDreams?
A: nDreams is the world’s largest VR game developer and publisher.
Q: How much was the acquisition by Aonic?
A: The acquisition represents a total enterprise value close to $110 million.
Q: Who is the CEO of nDreams?
A: The CEO of nDreams is Patrick O’Luanaigh.
Q: What are some notable titles developed by nDreams?
A: Some notable titles include Synapse, Ghostbusters: Rise of the Ghost Lord, PowerWash Simulator VR, and Little Cities.
Q: Will nDreams continue to operate independently after the acquisition?
A: Yes, the co-founders of nDreams will continue to lead the company alongside the existing executive team.
Definitions:
– VR: VR stands for virtual reality, which is a simulated experience that can be similar to or completely different from the real world.
– VR/MR: VR/MR refers to virtual reality and mixed reality, which are immersive technologies that blend real and virtual environments.
– Enterprise value: Enterprise value is a measure of a company’s total value, taking into account market capitalization, outstanding debt, and cash on hand.