Virginia-based publisher SouthPeak Interactive reported a 220 percent revenue increase to $40.2 million for its fiscal year ending June 30, 2008 -- compared to $12.5 million in the previous year.
SouthPeak credits its record performance largely to strong demand for Two Worlds
, the Reality Pump-developed Xbox 360 and PC roleplaying title that released in North America in late August.
The company also says expanding platform support with Wii titles like Pool Party
and Dream Pinball
helped boost its numbers.
During its fiscal year, SouthPeak also went public
and picked up $14.6 million in financing, which went towards funding the company's growth.
Looking ahead, SouthPeak believes that its new partnerships with independent studios will enable it to double the number of titles it publishes in 2009.
"In the past year, we have built a strong product line for next generation hardware platforms, including solid franchises, like Two Worlds
, that provide us with sequel opportunities," says SouthPeak CEO Melanie Mroz.
"We plan to expand our portfolio in fiscal 2009 with the addition of several new IPs, including Ninjatown, X-Blades, My Baby
and [expansion pack] Two Worlds: The Temptation
. With our strong stable of independent developers throughout the world, we are poised to more than double our titles next year."