Elevation Partners' First
Investment Creates BioWare, Pandemic Partnership
word a new partnership between BioWare and Pandemic that's the handiwork of
Elevation Partners, an investment firm whose board includes former EA president
John Riccitiello and rock star Bono. Riccitiello will take the reins as CEO of
the new Bioware/Pandemic Studios
which seems a natural marriage, as it sort of mates the disease with its cure.
Pandemic is known for its top-selling action/adventure titles;
BioWare is the leading independent developer of story- and character-based
role-playing games. Both will retain their separate brands and creative teams,
and continue to operate in their respective cities: BioWare in Edmonton, Canada;
Pandemic in Los Angeles and Brisbane, Australia. Both studios plan future
expansions at these and other locations.
The cash infusion will allow Pandemic and BioWare to rapidly support new game
consoles ensuring each title has the necessary resources to achieve the highest
quality. Andrew Goldman, Pandemic Studios' CEO, said that publishers remain
vital to the business. "This is still very much a collaboration with our
publishing partners. We will continue to innovate and deliver top-quality hit
games and they will continue to transform that creativity into blockbuster
"BioWare and Pandemic will use our new alliance as a launch pad for exchanging
creative ideas, cutting edge technologies and top talent while retaining our
distinctive cultures," said Ray Muzyka, joint CEO of BioWare Corp. "In a
business where developers often must sell out to survive, this deal is
refreshingly new: a partnership of equals."