No cuts despite crisis sale, rep confirms
Gamebryo vendor Emergent has not closed nor has it made cuts to staff as the group looks to sell off the game engine central to its business.
A spokesperson for the US firm told Develop that the company is for now operating “under its normal course of business”.
Documents which surfaced last week revealed Emergent is running out of cash and has appointed an agency to sell its assets.
The documents read: “Recent working capital constraints and an overly leveraged balance sheet have created the opportunity for the company’s assets to be purchased.”
At the time of sale it was unclear if Emergent was continuing as a going concern, or whether it was up for auction in order to stave off liquidation.
The popular Gamebryo LightSpeed engine is central to numerous games, including Fallout 3 and Epic Mickey.
The news of Emergent’s sale was unfortunately timed – with rival engine group InstantAction putting its Torque Engine up for sale the very same week.