Game industry outsourcing firm Virtuos announced that it has clinched a new financing deal with Legend Capital. Legend Capital is an independent VC firm under Legend Holdings, owner of Lenovo group. Virtuos exclusively focuses on providing outsourced services to international clients. It has confirmed that it is positioning to address the growing global outsourcing opportunity within the game industry. The game industry in the United States is all set to reach $1.1 billion by the end of 2006 and will grow to $2.5 billion by 2010. Virtuos also indicated that it intends to expand the size of its teams as well as continue its efforts to deliver the quality.
While Virtuos has been profitable since inception, we are excited to collaborate with a group as strong as Legend,” said Gilles Langourieux, CEO, Virtuos. “We plan to use the new funding to triple the size of our teams in the next 2 years. Virtuos will also invest further in training, processes, security and IT to create a level of service never seen before in our industry.