Former Sega CEO Mike Hayes joins the UK based, virtual reality game developer nDreams on it's Board of Directors after a $250,000GBP investment from Mercia Fund Management.
The past two years has seen huge leaps and bounds in the VR sector, with both big name and indie developers all across the globe getting on board t try and make titles for the now very prolific VR technology out there, such as the Oculus Rift.
The investment from Mercia Fund Management was to support the development of some virtual reality game titles nDreams currently has in the works and to bring in more stuff to assist in, and expand, that development.
"Patrick and his team have shrewdly identified the emerging VR technology as the next exciting innovation which will undoubtedly provide the games industry with a major commercial boost," said Hayes, "nDreams are well placed to provide innovative software for the new headsets and have the opportunity to be a major player in this new market.”
nDreams CEO Patrick O'Luanaigh added: "We’re delighted to welcome Mike as a director. I have been fortunate enough to know Mike for over 15 years, and he’s one of the smartest people in the industry. Alongside the talents of Nicholas Lovell and Pip Burley, we now have a formidable team of non-executives that will help drive us forward as we look to become a major player in the rapidly growing world of VR.”
nDreams is currently developing game titles for the a fore mentioned Oculus Rift technology and Sony's Project Morpheus, and will reveal it's first major VR title at E3
later this year.
News via develop