Grom Social Enterprises Acquires Arctic7

Grom Social Enterprises Acquires Arctic7

Business

15 March 2024 08:06

Arctic7, a company offering comprehensive game development services and proprietary intellectual property development in gaming, as well as virtual production services for the film and television sectors, has confirmed its acquisition by Grom Social Enterprises, Inc. The financial details of the deal were not revealed.

Arctic7 CEO Igor Efremov stated "Our vision for Arctic7 is to become a leader in the gaming and film & TV space, offering full game development, co-development, transmedia and virtual production capabilities and ensuring we continue to develop a world class team together with strong relationships across the industry. Teaming up with Grom allows us to more vigorously pursue a roll-up strategy approach to potentially expand our business even further."

Tags: Grom Social

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