Nival Interactive Acquired News

Having recently confirmed their role in the reprise of the Might and Magic franchise and the development of Heroes of Might & Magic V, Nival Interactive today announced that it has been acquired by a leading technology holding company, Ener1 Group.

Ener1 Group plans to integrate Nival Interactiveâ??s creative studio of 140 employees with its US based video gaming interests to develop Next-Generation Console and Wireless games.

Nival Interactive CEO and Founder, Sergey Orlovskiy, has been named President of the new company named Nival Inc., which will find its location moved to Ft. Lauderdale, Florida.

Nival, Inc. will combine the artistic strengths and the economies of scale offered by an offshore production team with the cultural and linguistic expertise of North American game developers to create Next Generation console (Xbox 2 and PlayStation 3) and wireless games with universal appeal. Ener1 Group will also provide the company with entry into the Japanese market, one of the worldâ??s biggest and fastest growing markets for video and wireless games.

â??Ener1 Group has been looking for the right opportunity to expand its video game operations. We believe that Nival Interactive is the ideal platform and that Sergey Orlovskiy is the ideal person to expand the new company and the Nival Interactive brand as we continue to grow through future acquisitions,â? said Mike Zoi, President of Ener1 Group.

He adds, â??Sergey is an exceptional leader who has built his company from the ground up and it is now selling millions of video games throughout Europe and the rest of the world. He has assembled one of the most talented creative teams and his ability to land distribution and development deals with leading publishers such as Ubisoft shows his strong business acumen.â?

Sergey Orlovskiy, President of Nival, Inc., stated, â??This partnership provides both our companies with the optimal solution for accomplishing our mutual goals. Ener1 Groupâ??s resources and international presence will accelerate Nivalâ??s strategy for growth, developing exceptional and creative content for the interactive entertainment industry, exploring new distribution opportunities and attracting top talent in the global marketplace.â?

Itâ??s believed that the announcement will have no impact on the development of Heroes of Might & Magic V for Ubisoft, however if we hear anything different weâ??ll be sure to bring you more information.