Infogrames Entertainment, the parent company of Atari, announced Tuesday that will totally acquire Cryptic Studios, a leading publisher of massively multiplayer online (MMO) games.
“This acquisition is a critical step in the implementation of Atari’s strategy to become a leading online game developer and publisher,” said Atari spokeswoman Amy Wisel.
Cryptic is currently developing three unique MMO franchises, planned for release over the next three years on PC and next-generation consoles, including Champions Online to be released in 2009 and Star Trek Online to be released in 2010. A third game currently in development will be announced in the near future.
Cryptic employs about 150 people. Its revenues for the fiscal year ending June 30 totaled $17 million.