informa
1 MIN READ
News

SouthPeak Forms Publicly Held SouthPeak Interactive Corporation

Publisher SouthPeak (Two Worlds), in partnership with Global Services Partners, has announced it has formed a new publicly held company, SouthPeak Interactive Corporation, and said the new company expects $30 million in sales at the end of its curr
Publisher SouthPeak (Two Worlds), in partnership with Global Services Partners, has announced it has formed a new publicly held company, SouthPeak Interactive Corporation, and said the new company expects $30 million in sales at the end of its current fiscal year, up 140 percent from the year prior. SouthPeak says going public will help it "access the public markets to accelerate its growth strategy and take advantage of strong industry growth trends." Current SouthPeak execs Terry Phillips and Melanie Mroz are due to become chairman and CEO, respectively, and together with other management will own 42 percent of the corporation. SouthPeak has recently published the open-world RPG Two Worlds, action adventure Monster Madness, and GBA and DS titles Juka and the Monophonic Mencace and Scurge: Hive. The company is expected to soon launch PS2 footracer Iridium Runners and designer toy creator Shawnimals' DS platformer Ninja Town. Said Phillips, "This transaction brings SouthPeak public at an opportune moment in the video game industry. Overall industry sales are growing rapidly and the customer base is diversifying, opening up significant opportunity for new video game products. SouthPeak is very well positioned to deliver unique and profitable game concepts and drive substantial stockholder value as a result."

Latest Jobs

Manticore Games

San Mateo, California
8.23.22
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
6.23.22
Sr. Online Programmer

The Walt Disney Company

Glendale, California
8.1.22
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
8.26.22
Accessibility Design Researcher
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more