tinyBuild acquires Versus Evil and its QA studio Red Cerberus for up to $31.3 million

tinyBuild has announced its expansion by adding publisher Versus Evil and its internal studio Red Cerberus to its family. The deal could be worth up to $31.3 million.

The Banner Saga 3

According to tinyBuild, Versus Evil will get $12.5 million upfront and $18.8 million in earnouts over the next three years.

The publisher’s co-founder Alex Nichiporchik said that this deal helps the company achieve three M&A goals. These goals include the creation of a “complimentary publishing label, an in-house service providing, and strategic expansion into emerging regions such as South America.”

Versus Evil is an indie publisher led by former Bethesda veteran Steve Escalante. Its main focus is RPGs and turn-based strategies. Its portfolio includes titles like Pillars of Eternity II: Deadfire, Antihero, Armikrog, and The Banner Saga series.

The company also has internal QA studio Red Cerberus, which employs 250 people and will help tinyBuild develop and test its games.

The Versus Evil acquisition is the fourth deal completed by tinyBuild after it went public in March. The company made a total of seven M&A deals in 2021 so far.