German owner benefits following acquisition of UK independent studios.Dutch media and outsourcing company Catalis has seen its latest quaterly revenues jump 290 per cent following its acquisition of UK independent games development company Kuju.
The company has seen its revenues increase to E8.7m for Q1 2007 from E2.2m. E5.5m were generated in the Catalis games development division, operated by Kuju. The company announced its plans to by the studio at the close of last year.
Catalis also owns QA company Testronic Labs, which has helped the testing services division raise revenues by 45 per cent, up to E3.2m.
In its financials last week Catalis reported earnings before interest and taxes of E1.1m, a hike of 83 per cent over the previous quarters E0.6m and earnings before taxes of E0.9m.
In a statement the company said: "All these figures indicate a very positive start to the Catalis N.V's business year 2007 and show that the company is on course to achieve its set objectives to become the leading 'one stop shop' service provider for the digital media and entertainment industries."
Kuju consists of five UK games development studios: Kuju Sheffield, Brighton-based Zoe Mode, Kuju London, Kuju Surrey and the also Surrey-based Rail Simulator team.