Sofia-based ScaleFocus Acquires Upnetix
Acronis Opens New Office in Sofia, Establishing European R&D Center for Cyber Protection, AI and Blockchain Projects

Stillfront Group has acquired the Sofia-based Imperia Online

The Swedish firm buys out 100% of the shares of Imperia Online in a deal worth €10 million. The Bulgarian studio is one of the biggest game production companies in Southeastern Europe with 25 released games, including the flagship title Imperia Online – a medieval cross-platform MMO strategy with over 40 million users worldwide.

Meanwhile, Stillfront is a network of independent developers, publishers and distributors. Imperia Online becomes the tenth subsidiary, joining previous acquisitions – the Hamburg-based studio Goodgame, the German sports management game OnlineFussballManager, the Dublin developer eRepublik Labs and the MENA publisher Babil Games, among others.

The acquisition is expected to be completed on October 11th. €5 million is payable in cash to Imperia Online’s former owners, while the other €5 million is payable in newly issued Stillfront shares. The value of the deal could raise to €27.5 million depending on the studio’s earn-out over the next three years.