Square Enix’s Latest Investment

Major gaming company Square Enix recently announced it had made a strategic investment into the cloud gaming platform firm Blacknut. This investment will support the ongoing research and development of Blcknut’s business-to-business cloud video game offering.

“We are very proud to welcome Square Enix, a company that’s genre-defining franchises continue to win over generations of gamers. Its decision to invest in Blacknut is a real endorsement of our vision, technology, and market approach,” said Olivier Avaro, the CEO of Blacknut, in a statement. “Square Enix understands the potential of cloud gaming, as players continue to transition away from physical formats, finding new ways to deliver disruptive gaming experiences from the cloud.”

Blacknut is a European gaming organization that was founded in 2016. The company’s portfolio is made up of more than 500 games from well-known publishers around the world.

(All information was provided by LinkedIn and VentureBeat)

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