South Peak Games - History

History

SouthPeak Games, which was originally a subsidiary of SAS Institute, has been publishing games since 1996 and has worked with multiple development studios, including EAI Interactive, Psyonix Studios and TopWare Interactive. The company published games for the Xbox, PlayStation 2, Nintendo 64, PlayStation, PlayStation Portable, Game Boy Color, Game Boy Advance, and Nintendo DS video game systems as well as Microsoft Windows. It also has games in development for the Xbox 360, Xbox Live Arcade and PlayStation 3. SouthPeak publishes games for all current-generation consoles and hand helds, and Microsoft Windows. Their games cover a wide variety of genres and demographics. SouthPeak is headquartered in Midlothian, Virginia, United States and has branch offices in Grapevine, Texas and London, England. In July 2008 the company revealed that it had raised USD$12.9 million in private investments for the development of indie games. On October 14, 2008, the company acquired Gamecock Media Group.

On February 17, 2009, SouthPeak announced earnings of $17.3 million in revenues for a three month period ending December 31, 2008 - an increase from $4.2 million for the same period in 2007 - calling themselves "one of the fastest growing video game publishers". Southpeak Chairman, Terry Phillips, attributed their success to "our diversified portfolio, tightly managed costs, and strict supervision of the retail channel and field inventory levels." This along with the unexpectedly high demand of the "My Baby" games for Nintendo DS drove Southpeak's revenue, according to CEO Melanie Mroz. On November 11, 2009, they revealed their acquisition of the TNA Wrestling video game license from Midway Games during their quarterly report. The license only includes an upcoming hand held game and the back catalog.

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