Funcom N.V. (“Funcom” or the “Company”) is happy to announce the acquisition of 50.1% of the Lisbon, Portugal, based company, Zona Paradoxal, Lda (“ZPX”) with whom it has had a working relationship since 2017.
ZPX is a game development company, which has provided services to Funcom on “Conan Exiles”, “Mutant Year Zero: Road to Eden” and other projects and will continue to act independently with Funcom as its main customer.
Strategically this acquisition secures control of an important development partner, allowing for continued development cost savings when compared to Funcom’s main studios and for access to the growing talent pool of Portugal and Spain. ZPX’s quality and client focused attitude and history of providing varied services and executing projects in different time zones is also a good match for Funcom’s growing list of projects in development, allowing them to support both internal and published projects with ease. ZPX currently employs 15 individuals and are searching for great talent to gradually double the team.
Part of the consideration for the acquisition of the 50.1% ownership in ZPX is 102 363 new shares that Funcom will issue to the founders and shareholders of ZPX.
Badhoevedorp, 8 January 2019