Press Releases
Blue Fang Games Receives External Funding 12
Top game developer expanding beyond Zoo Tycoon franchise, developing new IP with additional partners.
Waltham, MA, July 20, 2006 – Blue Fang Games™, developer of the leading Games for Windows® franchise “Zoo Tycoon™,” today announced it has received investment funding (Class C Common Share Purchase Warrants) from Massachusetts Capital Resource Company.
The funding will be used to expand Blue Fang’s game development efforts beyond its best-selling Zoo Tycoon Franchise, support growth of its development team, and enable Blue Fang to become a preeminent provider of mass market game titles across a broad range of platforms. Blue Fang is committed to delivering an innovative type of interactive experience that furthers its mission to create compelling, emotionally engaging games focused on the animal kingdom that set the benchmark for broad-based family entertainment.
The independent game developer has achieved commercial and critical success creating games that have broad appeal beyond the core gaming market. They have shipped over 5.5 million units across the Zoo Tycoon franchise and received the Academy of Interactive Arts and Sciences Computer Family Game of the Year Interactive Achievement Award in 2004 and 2005. Blue Fang recently announced an extension of their partnership with Microsoft Game Studios, publisher of the Zoo Tycoon franchise. The new contract includes multiple development projects extending through 2009.
“We are thrilled with the financial support that MCRC has made available to us. This funding, combined with our already strong balance sheet, provides the added stability and strength needed to expand our business” said Hank Howie, president, Blue Fang Games. “We are looking forward to taking the next step in our evolution as an independent game developer so that we can bring our expertise in creating broad-based interactive entertainment to new franchises and new platforms”.
“MCRC is proud to be investing in Blue Fang Games,” said Ken Lavery, Vice President, MCRC. “We look for companies with strong management teams and sustainable market leadership. Blue Fang has a proven track record with the success of the Zoo Tycoon franchise. We have been and continue to be impressed with their team, their creative focus and expertise, and their strategic development plan going forward.”
About Massachusetts Capital Resource Company (MCRC)
Massachusetts Capital Resource Company is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC is a source of risk capital for Massachusetts business and invests across the entire range of business development financings, with a particular emphasis on growth capital. More information can be found at www.masscapital.com.
