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Codemaster acquires Slightly Mad Studio for $30 Million

Codemaster acquires Slightly Mad Studio

Codemaster, the English video game developer studio, is known for games like BMX Simulator series, F1 series and TOCA games. Its parent company is Reliance Entertainment. The studio has been developing games since 1986. Now, Codemaster has acquired Slightly Mad Studio for $30 million. It is the same studio that created Project CARS game. The announcement was made on the website of Codemaster.

According to this $30 million deal, Frank Sagnier will remain CEO of Codemasters Group plc which now includes Slightly Mad Studios and Ian Bell will retain his position of Founder and CEO of Slightly Mad Studios. Slightly Mad Studios has also delivered high-quality racing simulations alongside its own IP including two Need for Speed titles on behalf of Electronic Arts.

Frank said in the official blog page of Codemaster “We share the same passion and vision and our new partnership will accelerate our growth. With more streaming services coming to market and the next generation of games consoles due in 2020, this is the perfect time for Codemasters to take its next step.”

The Slightly Mad Studio was founded 10 years ago. It has been ranked as the 17th most successful developer in the Develop 100 list for 2010.

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