Crytek acquires Black Sea Studios

Frankfurt (D) – July 14, 2008

Crytek acquires Black Sea Studios

Crytek GmbH today announced that it has acquired Bulgaria-based Black Sea Studios Ltd. Under the terms of the acquisition, Black Sea Studios will become Crytek Black Sea, a wholly owned studio. Black Sea Studios development team will remain in Sofia, Bulgaria. Financial terms were not disclosed. "We think the acquisition of Black Sea Studios is a great opportunity to continue our strategic growth and expansion. Black Sea Studios already has a very qualified and experienced development team in place and will be continually expanded in capacity to join our tradition of producing highly innovative and creative games which Crytek is known for.", said Avni Yerli, Managing Director of Crytek     

"Joining the Crytek family was a logical step for us as we think it is a perfect match. We are confident that our team has the creativity and passion to further contribute in creating innovative and enjoyable games. We are fascinated about this opportunity and we are looking forward to work in this new exciting environment as Crytek Black Sea." said Vesselin Handjiev, Managing Director of Black Sea Studios, now Crytek Black Sea.


About Crytek GmbH

Crytek GmbH ("Crytek") creators of the multi-award winning first person shooter Far Cry"®, and the recent blockbuster hit Crysis"®, awarded best PC Game of both E3 2007 and the 2007 Leipzig Games Convention, and awarded Best Technology at the 2008 Game Developers Choice Awards, is an interactive entertainment development company with its headquarters located in Frankfurt Main, Germany and additional studios in Kiev, Ukraine and Budapest, Hungary. Crytek is dedicated to creating exceptionally high quality video games for the PC and next-generation consoles, powered by their proprietary cutting edge 3D-Game-Technology CryENGINE"® 2.


Development teams who are interested in obtaining a commercial license for the CryENGINE"® 2 middleware should visit www.cryengine2.com. Crytek, Crysis and CryENGINE are registered trademarks or trademarks of Crytek GmbH in the USA, Germany and/or other countries


About Black Sea Studios

Black Sea Studios Ltd. was founded in 2001 in Sofia, Bulgaria. Creators of Knights of Honor™ and WorldShift™. Both games were recognized for their innovative design and outstanding artistic values. WorldShifts' co-operative multiplayer proved that there are completely new possibilities for the RTS genre and was a solid step further. Since its foundation in 2001, Black Sea Studios always aimed in creating games that are built on a basis of new ideas, very deep gameplay and solid replay value.