The founders of IO Interactive (Hitman, Kane & Lynch) have announced the reformation of Reto-Moto, a development company originally formed in 1997 now “committed to redefining the online multi-player space" and based in Copenhagen, Denmark. Reto-Moto was originally founded in 1997, and created IO Interactive in a joint-venture operation with Nordisk Film – which was was sold to UK Publisher Eidos Interactive in a £20 million acquisition deal in March 2004. The founding members of Reto-Moto have left their positions within IO Interactive and have reformed Reto-Moto, including David Guldbrandsen, now chief technology officer of Reto-Moto. In addition the former executive producer from Eidos, Neil Donnell, has joined Reto-Moto. Reto-Moto has “ambitious growth plans that include controlled expansion,” but has revealed no details of any upcoming products, despite being in “active dialogue with strategic industry partners.” Said company CEO Neil Donnell, "It's imperative for any successful games developing company in today's market to have a leadership team with proven talent and track record. After 10 years working together at IO we know we have both."