September 18, 2021

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Aussie games developer Large Ant acquired in $55 million offer

Aussie sport designer Massive Ant Studios has been acquired by French gaming publisher Nacon, in a whopping $55 million (€35 million) offer that founder Ross Symons claims could set the Aussie business on the map.



a man looking at the camera: Big Ant CEO Ross Symons


© Supplied by Clever Firm
Significant Ant CEO Ross Symons

Started in 2001, Melbourne-based Massive Ant is a person of Australia’s oldest impartial recreation developers, ideal regarded for its sporting activities video games, together with people showcasing tennis, cricket, the AFL and rugby league.

After the acquisition, Symons will remain on as chief govt. Talking to SmartCompany, he claims he’s not heading to consider significantly time out to rest and reflect on his accomplishment.

In point, he’s going to be operating harder than ever to make Melbourne “the sporting activities money of the earth when it arrives to movie games”.

Major Ant has been developing organically for the past 20 decades or so, Symons describes. He was concentrating on reaching 120 staff members in the near long term, but doing that rapidly meant possibly listing the company, or staying acquired by a company “that could acquire us to that following level”.

Things just about went the other way, he suggests, with Symons and the Major Ant leadership group critically taking into consideration going public. It was only the toughness of Nacon as a probable mum or dad company that swayed the selection.

The two firms have by now been doing the job with each other, and wherever Large Ant will make its online games very well, Nacon’s strengths are in distributing and publishing sporting activities online games.

If it experienced been any other publisher, Symons muses, we would likely be reporting on an IPO, not an acquisition.

“Combining what they’ve presently got as a sports activities video games distribution enterprise and what we have generating athletics games suggests we can dominate,” he states.

Symons now has his sights on rising Massive Ant’s headcount to 200 men and women and having licenses for as quite a few sports as probable.

The Nacon acquisition is a significant expense in terms of dollar figures, and that’s anything that has the potential to raise the whole online video activity sector in Australia, says Symons.

“It’s a fantastic signal article to other developers here as to what they can accomplish, and that we are valuable.”

It also acts as a sign to the federal governing administration that this is a important market that international investors are interested in Australian studios, he says.

To the layman, Australia isn’t necessarily a location known for its activity growth sector. But, to those in the know, Symons suggests Aussie developers are recognized for the good quality of their products and solutions, if not the amount they develop.

“We punch earlier mentioned our excess weight, that is what we’re recognised for,” he claims.

However, when governments in other Western nations give incentives and assist to their video games market, Australia’s doesn’t. That’s one thing Symons hopes to adjust.

“We’re not asking for a handout at all, we’re just asking that the offers that are specified in every single other nation are matched, so it is stage,” he describes.

“We would acquire so much expenditure, and so considerably progress.”

Symons has a own aspiration of earning Melbourne a world-wide hub of video match development, specifically when it arrives to sport — one thing the town is already firmly on the map for.

So, instead than having some downtime, or reflecting on his achievement so far, he’s doubling down.

“I’m now likely to work tougher than I’ve at any time labored,” he suggests.

“I’m listed here for the very long haul.”

The article “We punch earlier mentioned our weight”: Aussie video games developer Significant Ant obtained in $55 million deal appeared 1st on SmartCompany.