PTW Acquires Ghostpunch Games

Global games service provider PTW expands its co-development and AI capabilities with the acquisition of Ghostpunch Games. The acquisition amounts to 13 million US Dollars, or almost 11.7 million Euros.

Games services company PTW has announced its intention to acquire the assets and business of Ghostpunch Games, an independent game development studio based in South Florida. The all-cash transaction is expected to close in early September. "I'm thrilled to announce that Ghostpunch Games and their amazing roster of talent will be joining the PTW family," said Deborah Kirkham, Chief Executive Officer of PTW. "Ghostpunch is a highly respected development partner for numerous top-tier AAA studios, boasting a remarkable retainment rate of over 90%. This impressive reputation as a standout studio of talent fully aligns with PTW's ongoing mission to deliver exceptional development services to its partners around the world."

Founded in 2015, Ghostpunch has over 60 employees developing across all platforms. This talent, combined with PTW's QA expertise, will enable the company to deliver new AI-based QA automation offerings to customers in the future. Additional synergies are seen in the combination of PTW's AI-based art technology and Ghostpunch's art integration capabilities, which will provide new integrated generative art technology offerings.

"On behalf of the four partners of Ghostpunch, we are incredibly excited to join the PTW family," said Rick Daniels, Head of Sales for Art and Co-dev at PTW. "This acquisition marks a significant milestone for our studio, allowing us to leverage PTW's global resources and expertise to elevate our game development capabilities. We're eager to continue to provide top-notch game development services and expand PTW's Co-dev line of business to clientele worldwide."

Hugh Falk, currently Executive Producer at Ghostpunch, will become Site Head of PTW Ft. Lauderdale. Alejandro Garcia-Tunon, current Director of Technology, will assume the role of Director of Co-Dev; both positions will report to PTW Chief Operating Officer Sijo Jose. Rick Daniels, current Director of Operations, will become Head of Sales for Art and Co-dev, reporting to PTW Chief Revenue Officer Kaley Hurst.

PTW offers technical and creative services. Founded in Japan in 1994, PTW has grown to more than 40 studios in 16 countries, with offices in North America, Europe, South America and Asia. They have worked on over 1,500 titles in the last ten years. Services include art production, game development, quality assurance, player support, co-development, community management, localisation, QA, audio production and data collection. The PTW family of brands includes PTW, SIDE, 1518 Studios and Ghostpunch Games.