Eidos Interactive

Infobox Company
company_name = Eidos Interactive
company_
company_type = Subsidiary
foundation = 1990
location_city = Wimbledon, London
location_country = England
key_people = Stephen Bernard Streater (Founder),
Phil Rogers (Eidos Inc. CEO)
industry = Interactive entertainment
products =
revenue = profit £179.1 million (2006)
operating_income = profit £28.8 million (2006)
net_income = profit £8.1 million (2006)
num_employees = 600
owner = SCi Entertainment Group
homepage = [http://www.eidos.com/ www.eidos.com]

Eidos Interactive is a publisher of video and computer games with its parent company based in England. It is now part of the Eidos Group of Companies and is a subsidiary of SCi Entertainment Group PLC that is publicly-traded on the London Stock Exchange.

Its best-known game series include "Tomb Raider", "Hitman", "Commandos", "Deus Ex", "Legacy of Kain", "Thief", and "Fear Effect".

History

Eidos plc, later to become the parent company of Eidos Interactive, was founded in 1990 as a company specialising in video compression and non-linear editing systems, particularly for Acorn Archimedes computers. Following a series of rights issues and a strongly rising share price, Eidos plc undertook a series of acquisitions in the games sector, starting with the acquisition of the PC games companies Domark Group Limited (Domark), Simis and Big Red Software in 1995 through a reverse takeover. At the time, Domark was known for "3D Construction Kit", "Championship Manager"," Hard Drivin'", and many other games. Domark (by far the largest of the set), Simis and Big Red were combined into Eidos Interactive. In 1996, with the success of the Sony Playstation imminent, Eidos plc acquired CentreGold plc (which included US Gold and Centresoft). Centresoft was sold back in an MBO. US Gold included the valuable asset of Core Design (probably best known for "Tomb Raider", "Chuck Rock", "Curse of Enchantia", "Heimdall", "Rick Dangerous", "Cybercon III", and "E-Motion"). A further series of acquisitions and skilful use of capital meant that Eidos plc (now almost entirely consisting of Eidos Interactive) was the fastest growing company in the world in the 1990s, with the share price rising over 400 times from its 1993 low to its 1999 high.

The company was planning to bring out a RISC OS powered games console prior to the collapse of Acorn Computers as a vendor and the sale of the OS to Pace Micro Technology.

The company maintains offices all around the world, including the United States, Germany, France, Australia and Japan.

On August 3, 2004, the "Wall Street Journal" reported that Eidos was in preliminary discussions with a small number of companies in relation of a possible business combinations. In early March 2005 Eidos admitted that cash reserves had dwindled to £11.9m during the second half of 2004 and pre-tax losses had grown to £29m.

On March 21, 2005 Eidos received a takeover bid from Elevation Partners, the private equity firm owned by former Electronic Arts president John Riccitiello and with a number of notable partners, including U2's lead singer Bono. This takeover valued the company at £71m ($135m), and would inject £23m in order to keep the company solvent in the short term.

On 22 March, Eidos received a second takeover bid from the British games manufacturer SCi Entertainment. SCi offered £74m ($139m), and tabled a restructuring plan to cut £14m from annual costs. To fund this takeover, SCi proposed to sell £60m worth of stock. Eventually, in late April, Elevation Partners formally withdrew its offer, leaving the way clear for SCi. The takeover was finalized on 16 May 2005.

Since the SCi purchase, the vast majority of the old Eidos management have been let go. SCi have left their Battersea Office and moved into the old Eidos office on the second floor of Wimbledon Bridge House, 1 Hartfield Road, Wimbledon. Eidos announced on February 15, 2007 that they will open a new studio in Montreal, Quebec, Canada responsible for "new undisclosed next-generation projects". Eidos Montreal is developing a new game in the Deus Ex franchise. [ [http://www.gamasutra.com/php-bin/news_index.php?story=16365 Gamasutra - Eidos Announces Deus Ex 3 , Talks New Montreal Studio ] ] [ [http://uk.gamespot.com/news/show_blog_entry.php?topic_id=25638028&part=rss&tag=gs_news&subj=6171079 Gamespot] ]

Ian Livingstone was awarded an OBE (Order of the British Empire) for "Services to the Computer Games Industry" in the New Year Honours List 2006 as was Jane Cavanagh in the New Year Honours List 2007.

On 4 September 2007 the board of SCi Entertainment confirmed recent speculation that the company has been approached with a view to making an offer. [ [http://www.gamesindustry.biz:80/content_page.php?aid=28301 SCi confirms approach has been made // GamesIndustry.biz ] ] On 10 January, 2008 SCi announced take over and/or merger talks had been halted. [ [http://news.bbc.co.uk/1/hi/business/7182603.stm BBC NEWS | Business | Lara Croft firm scraps bid talks ] ] As a result, the share price dropped by over 50%. Major investors called for the resignation of key personnel, including Jane Cavanagh, over this issue as well as delays to key titles. [ [http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article3176808.ece Game Over for Tomb Raider boss - Times Online ] ] On January 18, 2008 CEO Jane Cavanagh, Bill Ennis and Rob Murphy left the company. [ [http://www.thunderboltgames.com/news/article/eidos-management-quit-due-to-pressure-from-shareholders-news-for-all.html Eidos management quit due to pressure from shareholders - news at Thunderbolt Games ] ]

Eidos' parent company, SCi, revealed its 2008 financial report. Losses were at £100 million, but new CEO Phil Rogers claimed this was only due to the reconstructing plans. [http://www.mcvuk.com/opinion/212/SCi-results-reaction] . On September 19th 2008 Eidos opened a Shanghai based studio consisting of a small team to build up relations in Asia. [http://www.mcvuk.com/news/31828/Eidos-opens-Shanghai-base]

Development Studios

Wholly owned

* Crystal Dynamics USA
* IO Interactive Denmark
* Beautiful Game Studios UK
* Pivotal Games UK (Now defunct)
* Eidos Hungary
* Eidos Sweden
* Eidos Montreal Canada
* Eidos Shanghai China
* Rockpool Games Mobile
* Morpheme Mobile
* Bluefish Media Digital distribution

Part-owned

* Rocksteady UK (25.1%)

Games

*"25 To Life" (2006)
*"" (2008)
*"" (2003)
**"" (2004)
*"" (2007)
*"Championship Manager 5" (2005)
*"Chili Con Carnage" (2007)
*"Chuck Rock" (1991)
*"" (1998)
**""
**"" (2001)
**"" (2003)
**"" (2006)
*""
*""
*"Daikatana"
*"Deathtrap Dungeon"
*"Deus Ex" (2000)
**"" (2003)
*""
*"Fear Effect"
**""
*"Fighting Force"
**"Fighting Force 2"
*"Gangsters"
**"Gangsters 2"
*""
*"" (2000)
**"" (2002)
**"" (2004)
**"" (2006)
**"Hitman 5" (TBA)
*"Imperial Glory"
*"Infernal"
*"Joint Strike Fighter"
*"Just Cause (video game)"
*""
**"Kane & Lynch 2"
*"Legacy of Kain
**""
**""
**""
**""
*""
*""
*"Mad Maestro
*"Mister Mosquito"
*"Monster Lab" (2008)
*""
*"Official Formula 1 Racing"
*"Orion Burger
*"Pocket Pool"
*"Praetorians"
*"Project Eden"
*"Project Snowblind"
*"Revenant"
*"Reservoir Dogs"
*"Rouge Trooper"
*"Shellshock"
*""
*"Soul Bubbles" (2008)
*""
*"Startopia"
*"Thief"
**""
**""
**""
*"Timesplitters"
**"Timesplitters 2"
*"Tomb Raider" (1996)
**"Tomb Raider II"
**"Tomb Raider III"
**""
**"Tomb Raider Chronicles"
**""
**""
**""
**""
*"Top Trumps Adventures"
*""
*""

*"Touch the Dead"
*"Trade Empires
*"The Unholy War
*"Urban Chaos"
**""
*""
*"Warzone 2100"
**"Way of a Samuri"**

References

External links

* [http://www.eidos.com/ Official website] .
* [http://www.elevation.com Elevation Partners]
* [http://corporate.sci.co.uk SCi Entertainment]
* [http://www.uiqo.com/ "Eidos" Press Vault] - press vault with media and trailers.
* [http://www.mobygames.com/company/eidos-inc "Eidos Interactive"] at MobyGames