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43‭ ‬Jobs Saved at Free Radical Design

Rob Crossley's picture

By Rob Crossley

February 4, 2009

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43‭ ‬jobs have been saved at Free Radical Design following Crytek’s successful acquisition of the group.‭ 

“The sale was relatively easy for us to achieve,‭” ‬says Cameron Gunn,‭ ‬administrator at Resolve Partners,‭ “‬there were several interested parties in the end,‭ ‬and we had to auction the business.‭”

Crytek,‭ ‬the highest bidder,‭ ‬will now add‭ ‬43‭ ‬members to its workforce,‭ ‬a number which Gunn confirms were the skeleton-crew who stayed on at the company after it was subjected to over‭ ‬140‭ ‬layoffs and resignations.‭

“It’s excellent news,‭ ‬we’ve sold to someone who wants to invest in the business locally,‭ ‬so we’re extremely pleased with the results.‭”
 
“The sale is a testament to the quality of the employees and the great reputation the company had built-up in the market-place over the last several years.‭ ‬Without that,‭ ‬the company would have been a difficult sale to gain.‭”

The last time Edge spoke to Gunn,‭ ‬he explained there was a‭ ‬significant level of interest in the group.

Bilstar's picture

Crytek + Free Radical = Some very good stuff?
Could be good.

grognard66's picture

Finally some good news in this industry. I wonder if they picked up any of the IP's or titles Radical was working on?

lifeat30fps's picture

I'm always glad to see some people be able to hold on to their jobs. I think Crytek is getting a good bunch, too.

Brian Woods
www.brianwoods.com