On May 19, 2022, the world’s leading game development company Virtuos announced it had acquired Glass Egg Digital Media. In addition to Glass Egg, Virtuos is also the parent company of Ho Chi Minh City-based studio Sparx. As a result, Virtuos will become the employer of nearly 1,000 game production professionals in Vietnam. The company will also open a new studio in June 2022. Virtuos will scale to 1,500 local employees, becoming the largest game development company in Vietnam.

 

About Glass Egg Digital Media

Glass Egg is a 400-employee, 2D, 3D graphics production studio in Ho Chi Minh City co-founded by CEO Phil Tran, and CFO Steve Reid in 1999. This studio provides 2D graphics production services, 3D, and concept design. Glass Egg is widely recognised in the industry for its ability to produce 3D vehicle and car models. This studio has contributed to many notable AAA game projects such as: Call of Duty: Modern Warfare, Marvel Spider-Man, Jurassic World Evolution, Need for Speed Heat, Demon Souls and Forza: Horizon 4.

 

Glass Egg team crews before becoming a Virtuos studio

 

After the merger, Glass Egg will change its name to “Glass Egg – a Virtuos Studio”. This studio will continue to operate independently with the leadership positions of Phil Tran and Steve Reid. The acquisition will leverage Virtuos’ game development and graphics production services, leveraging Vietnam’s position as Southeast Asia’s game development hub. Gilles Langourieux, CEO of Virtuos, said: “We’re excited to bring the Glass Egg team on board the family. With its strong brand equity, coupled with its sizeable and long-term local operations, Glass Egg demonstrates excellent synergies with Virtuos, and we look forward to harnessing our combined expertise to strengthen our commitment to excellence.”

 

About Virtuos

Founded in 2004, Virtuos is a leading game development company. With studios in Asia, Europe, and North America, the company is headquartered in Singapore. With over 2,500 full-time employees, Virtuos specialises in game development and 3D graphics production for AAA games. The company’s products help customers increase revenue, profit, and improve operational efficiency across consoles, PCs, and mobile devices. For over a decade, Virtuos has successfully delivered high-quality content to more than 2,000 projects and 18 of the world’s top digital entertainment companies.

 

Team crews of Sparx, a sub-studio of Virtuos in Vietnam

 

Phil Tran, CEO of Glass Egg, said: “We are honoured to be a part of an industry stalwart. This means our staff will have the ability to expand skills and take on a wider array of projects, which will benefit our clients as well. With the support and resources, we are energised to meaningfully contribute to the industry in its next phase of growth.” Steve Reid, CFO of Glass Egg, commented: “Operational integration is our top priority post-acquisition. By using the same project management, communication tools and platforms, we can better facilitate interoperability with other studios globally, and ensure we have more production options to offer to our clients than competitors.”

Source of information is DealstreetAsia.