Relaunch for IO founders' Reto-Moto

Relaunch for IO founders' Reto-Moto
Michael French

By Michael French

April 14th 2008 at 10:37AM

New online games firm to come from founders of Eidos' Danish team

The creators of Hitman announce the reformation of their development company Reto-Moto - which was originally formed in 1997 to found then-indepdent game studio IO Interactive.

IO was formed in a joint venture with Nordisk Film and sold to Eidos seven years later for £20m in 2004. The founding members have now left IO to reform their original company, which is now committed to redefining the online multi-player space.

"We've seen the interactive online market develop significantly in the last 5 years. Fresh from the global success of 'Hitman' we think our new company Reto-Moto is well placed to capture commercial and creative advantage," commented David Guldbrandsen, CTO of Reto-Moto.

"It's imperative for any successful games developing company in today's market to have a leadership team with proven talent and track record. After 10 years working together at IO we know we have both.' added Neil Donnell, Chief Executive Officer of Reto Moto speaking from Copenhagen.

The team says it has has "ambitious growth plans that include controlled expansion". It is currently keeping quiet about its firms product, but adds it is "in active dialogue with strategic industry partners".

"At this stage we have everything to play for. No conversation is closed to us," Donnell said in an official statement.