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

Shanghai, China, August 17, 2011 – 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.

About Virtuos

Virtuos is one of the largest providers of outsourced digital entertainment content production services, specializing in 3D Art and game software development.  With locations in Shanghai, Chengdu, Vancouver, Paris and Tokyo, Virtuos has more than 800 employees representing 15 nationalities. Virtuos’ clients include 15 of the top 20 digital entertainment publishers worldwide as well as renowned developers. For more information, please refer to: www.virtuosgames.com

   


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