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Virtuos Reaches 800 Staff - Signs Work-for-hire Online Game Development Agreement with Tencent - Virtuos today announced that it has reached 800 employees. In conjunction with the announcement, Virtuos revealed that it has signed a work-for-hire development agreement with Tencent Holdings Limited aimed at online games platforms
Virtuos Reaches 800 Staff - Signs Work-for-hire Online Game Development Agreement with Tencent

 

PRZOOM - /newswire/ - Shanghai, China, 2011/08/23 - Virtuos today announced that it has reached 800 employees. In conjunction with the announcement, Virtuos revealed that it has signed a work-for-hire development agreement with Tencent Holdings Limited aimed at online games platforms.

   
 
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Virtuos today announced that it has reached 800 employees. In conjunction with the announcement, Virtuos revealed that it has signed a work-for-hire development agreement with Tencent Holdings Limited (00700.HK), one of the largest providers of Internet, mobile and telecommunication value-added services in China, aimed at online games platforms.

“Virtuos has been quietly at the forefront of the social games phenomenon, having contributed content to many of the top-10 games on the Facebook charts, since 2009,” said Virtuos CEO Gilles Langourieux. “It is a natural extension to leverage Virtuos’ engineering and game design capabilities for developing full games and we are honored to work with one of the most successful companies in China,” added Gilles Langourieux.

Virtuos added 200 staff in the first half of 2011. Two market trends are behind this growth which further validates the game-outsourcing business model. First, console game publishers are investing in bigger games for high-definition platforms, requiring larger teams integrating specialized skillsets such as level design. Second, the multiplication of online and handheld platforms is generating a demand for more small to medium titles. This has led Virtuos to grow its programming team by 50% to support the new platforms and technologies required by its clients.

Thanks to its increased resources, this year Virtuos will complete games on almost every major platform including PS3, Xbox 360, PSN, XBLA, Wii, 3DS, Facebook, iOS, and LeapFrog’s new LeapPad tablet for kids.

 
 
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Virtuos Reaches 800 Staff - Signs Work-for-hire Online Game Development Agreement with Tencent

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Contact: Orion Richardson - VirtuosGames.com 
+86 02152583300 orion[.]virtuosgames.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Virtuos securities in any jurisdiction including any other companies listed or named in this release.

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