Mike Fegan explains merger between Red Mile Entertainment and IR Gurus

Australian Developer IR Gurus, developer of Heatseeker and Heroes of the Pacific - Image 1Mike Fegan, CEO of Australian developer IR Gurus, explained the rationale behind the merger between IR Gurus and United States company Red Mile Entertainment in a recent interview. As a result of the merger, Red Mile Entertainment will soon acquire IR Gurus’ outstanding shares, effectively making IR Gurus a subsidiary of the same US-based company that brought us the game version of Frank Miller’s Sin City.

Mike Fegan admitted that IR Gurus plans to establish itself as a global Top 20 game development studio within the next two years. The developers realized, however, that they needed consistent production flow on a major scale in order to reach their target. This, in turn, required access to big capital currently unavailable in their home country. Thus, the IR Gurus team felt that a merger with a publicly-listed company in the US – Red Mile Entertainment – would provide exactly what they lacked.

Mr. Fegan also mentioned he doesn’t expect to see major changes in IR Gurus’ infrastructure after the merger. According to him, the people at Red Mile Entertainment basically told them to “keep doing what they’re doing.” The developers, however, will reap the rewards of the merger in the form of a much larger research and development budget for their internal systems group, greater capital disbursement for hardware and software in PC, Playstation 3 and Xbox 360 development, and a greater working environment for IR Gurus’ personnel.

Interestingly, Mike Fegan acknowledged that IR Gurus is only really starting to build its international reputation, in spite of the fact that the company has been around for eleven years. With a solid background in action games, notably Heatseeker (PSP, Wii) and Heroes of the Pacific, and the financial muscle of Red Mile Entertainment to back it up, it seems that IR Gurus may very well be on its way to realizing its dream of becoming one of the Top 20 game development studios in the world.

Australian Developer IR Gurus, developer of Heatseeker and Heroes of the Pacific - Image 1Mike Fegan, CEO of Australian developer IR Gurus, explained the rationale behind the merger between IR Gurus and United States company Red Mile Entertainment in a recent interview. As a result of the merger, Red Mile Entertainment will soon acquire IR Gurus’ outstanding shares, effectively making IR Gurus a subsidiary of the same US-based company that brought us the game version of Frank Miller’s Sin City.

Mike Fegan admitted that IR Gurus plans to establish itself as a global Top 20 game development studio within the next two years. The developers realized, however, that they needed consistent production flow on a major scale in order to reach their target. This, in turn, required access to big capital currently unavailable in their home country. Thus, the IR Gurus team felt that a merger with a publicly-listed company in the US – Red Mile Entertainment – would provide exactly what they lacked.

Mr. Fegan also mentioned he doesn’t expect to see major changes in IR Gurus’ infrastructure after the merger. According to him, the people at Red Mile Entertainment basically told them to “keep doing what they’re doing.” The developers, however, will reap the rewards of the merger in the form of a much larger research and development budget for their internal systems group, greater capital disbursement for hardware and software in PC, Playstation 3 and Xbox 360 development, and a greater working environment for IR Gurus’ personnel.

Interestingly, Mike Fegan acknowledged that IR Gurus is only really starting to build its international reputation, in spite of the fact that the company has been around for eleven years. With a solid background in action games, notably Heatseeker (PSP, Wii) and Heroes of the Pacific, and the financial muscle of Red Mile Entertainment to back it up, it seems that IR Gurus may very well be on its way to realizing its dream of becoming one of the Top 20 game development studios in the world.

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