Stockholm, Sweden/St Louis, Missouri
June 21, 2016
Stillfront Group AB (publ) today announces its acquisition of the majority of the shares in Simutronics Corp. Simutronics, based in St Louis, Missouri, was founded in 1987 by David Whatley, who is the CEO of the company. David Whatley is a highly respected industry veteran and acts as speaker regularly in different industry contexts such as GDC, iDEV360, Unite and many more.
Simutronics has developed and is operating the games GemStone IV and DragonRealms. Both of which are MUD-style text-based games with a very loyal player base. Further, Simutronics is a well renowned and profitable mobile games developer, having developed Tiny Heroes™, One Epic Knight™ and Lara Croft Relic Run™. Lara Croft Relic Run™ has been a great success with more than seventeen million downloads. With this acquisition Stillfront adds both a new Strategy games genre as well as mobile game capabilities to the Group.
Simutronics is currently developing its own IP in the mobile strategy game area, to be announced. Simutronics currently has 20 employees and reached over 2 MUSD in revenues during 2015. David Whatley will remain the CEO of Simutronics and continue to lead the talented team.
Jörgen Larsson, CEO, Stillfront Group, comments
”Simutronics and Stillfront constitutes an excellent fit. We share the philosophy and cornerstones of Stillfront’s PLEX strategy and Simutronics will strengthen Stillfront’s position in a number of areas, for instance in the mobile space and Unity development. I am extremely pleased to have David Whatley and his entire team at Simutronics as a valuable strategic addition to the Stillfront family”, Jörgen Larsson, CEO, Stillfront Group, comments.
David Whatley, CEO, Simutronics, comments
”I am excited for Simutronics to be joining forces with Stillfront Group. We share a common vision and objectives, and I firmly believe this will be a great strategic advantage for both companies”, David Whatley, CEO, Simutronics Corp., comments.