- Date 26 Jul 2022
Leading global games developer and publisher Jagex has today announced the acquisition of Pipeworks Studios ("Pipeworks"), a highly established and innovative 200-person strong development studio, based in Eugene, Oregon.
Marking its first ever acquisition of an external studio, this transaction reflects Jagex’s commitment to expand its team of world-class talent, as well as grow its footprint in North America.
The acquisition follows a strong period of growth for Jagex. Establishing itself as a leader in community-driven games, Jagex has recorded five years of record games-as-a-service revenues, a series of third-party publishing deals and its highest ever RuneScape franchise membership. In 2021, global investment firm Carlyle (NASDAQ: CG) acquired Jagex, to support the company’s growth strategy, including M&A.