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Dovetail Games to launch live platform for video gamers after private equity investment
00:02, 14 November 2016
A video game developer is poised to launch a range of new products after attracting investment from a private equity firm.
Train and flight simulator company Dovetail Games, based in Chatham, said it has received a multi-million pound cash injection from Alcuin Capital Partners.
It will use the investment to launch the initial stages of a new platform called Dovetail Live later this year, allowing players to interact with each other during simulations.
Dovetail Games chief executive Paul Jackson said: “The vast majority of people that buy our products don’t behave like traditional gamers, who typically play through an experience from start to finish and then go on to look for the next new and big thing.
“They behave like hobbyists, individuals with a deep interest in one product that often spans many years.
“Developing skills and knowledge by adding new layers of depth and enjoyment to their hobby is something they are very willing to invest in. Over time, Dovetail Live will deliver this.”
Founded in 2009, Dovetail has grown from seven employees to 130 staff across two site, with another in Stirling.
Named technology business of the year at KEiBA 2015, it has gone from a train simulator specialist to develop games in flight and fishing.
Dovetail Live will allow gamers to buy and build new content, as well as share their knowledge.
Chief operating officer Jon Rissik said he expectes Dovetail Live – which will allow players to buy content and share knowledge – will increase its market from hundreds of thousands to millions over the next five years.
He said: “This is because we know there are a vast number of flight, fishing and rail enthusiasts out there who are looking for ways to extend their enjoyment of the subject matter, but who don’t identify with the mainstream gaming world.
“Dovetail Live will not only be a friendly and welcoming environment which offers digital hobbyists a place to interact with like-minded thinkers, it will enable us to better understand our customers and as a result we will be able to help them tailor their own experiences by offering them content which is very specific to their unique interests.”
Mark Storey, founding partner at Alcuin Capital Partners, which invests between £2 million and £15 million in firms, said: “Dovetail Games is just the sort of ambitious, growing, international business that we like to support. We know hobbies make great investments having backed Games Workshop almost 25 years ago.”
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