CipSoft continues to do well. The Regensburg-based company reports the highest pre-tax profit in its history. And for the first time, the company employs more than 100 people. The employees share in the company's success and receive ten extra monthly salaries for each employee as a bonus.

In May 2024, the game developer in Regensburg has 100 employees. This is an all-time high. The company plans to grow even more in the coming months. 2023 was the year with the highest pre-tax profit in CipSoft's history. Compared to 2022, the profit increased by 21.8 per cent to 14.5 million Euros. Turnover increased by 11.3 per cent to 24.5 million Euros. CipSoft employees share in the company's success by receiving a bonus of more than 85 percent of their annual salary, equivalent to more than ten additional monthly salaries. In addition to maintaining existing products. CipSoft will continue to work on the development of new games and services in 2024.

"The bad news that has recently reached us from many friendly development studios makes it difficult to celebrate our excellent figures as we did in previous years," says CEO and company founder Stephan Vogler, describing his emotional state. "We are lucky to operate Tibia, a live-service game that is backed by a very loyal community, but in which we have also invested in the right places over the past few years. For example, the core team of the game has been expanded by almost a third. This allows us to cope comparatively well with the current challenges in the industry."

CipSoft was founded in June 2001 as a result of the success of Tibia. Since 1997, more than 32 million accounts have been created by players around the world. The company, which is still independent, was awarded Studio of the Year at the German Computer Game Awards in 2002.

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Written by

Marcel Kleffmann
Marcel Kleffmann