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Tinybuild acquires The Banner Saga publisher Versus Evil and QA studio Red Cerberus

Versus Evil will continue as a "complementary publishing label" following the deal.

Chris Kerr, News Editor

November 23, 2021

1 Min Read

Tinybuild has acquired The Banner Saga publisher Versus Evil and Brazilian testing studio Red Cerberus for a combined $31.3 million. 

As noted in a blog post, the deal will see Tinybuild hand over an initial $12.5 million alongside $18.8 million in earnouts over three years.

Following the deal, Versus Evil will continue as a "complementary publishing label," with the U.S. publisher having already put its name to titles including Pillars of Eternity 2 and The Banner Saga.

Red Cerberus, which had been serving as Versus Evil's internal testing and QA studio, will provide Tinybuild and its first-party studios with additional dev and QA support.

The double swoop means Tinybuild has now completed seven M&A deals in 2021, taking its headcount to over 400 staff across 11 locations.

Tinybuild CEO and co-founder Alex Nichiporchik said both deals will allow the publisher to bolster its in-house services while expanding into emerging territories.

"Back in March we laid out a very clear strategy: we want ambitious founders to join us and help bring the company to a new level, together," said the chief exec. "This included several pillars for our M&A strategy, 3 of which are: a complimentary publishing label, an in-house service provider, and strategic expansion into emerging regions such as South America."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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