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Catalis Group Continues International Expansion With Multimillion HSBC Funding
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Digital gaming specialist Catalis Group, which includes their Testronic Laboratories and Curve Digital Publishing divisions, has secured a new £2.96M funding package from HSBC who have also supported its international business.
The multimillion pound funding has enabled the award-winning businesses to streamline and shorten their working capital cycle, focus resources on growing both divisions and supporting growth into new international markets. The move has already seen a 26% increase in sales in 2017. Further growth is predicted in 2018 following the success of existing titles, planned development and publishing of new games and the expansion of its services into Thailand, offering both game development and publishing in the Asian market.
Testronic Laboratories, which is well-established in the UK, US and Poland, has been a leading quality assurance and game testing provider for the gaming, film, broadcast and virtual reality industries for over 20 years. Curve Digital Publishing is one of the world’s leading publishers of games on PC and consoles who have partnered with the industry’s best names in the development and publishing independent console games whilst also providing PR and marketing support.
Commenting on the expansion, Dominic Wheatley CEO of Catalis Group, said; “Continuing our international expansion, including into the Asian market, is an exciting next step for Catalis Group – something that wouldn’t have been possible without the help and support from HSBC’s funding and the bank’s international reach. Having the facilities available to free-up capital in the UK, US and Poland enabled us to focus our resources on expanding both our divisions, which has allowed us to enter new markets with a well-rounded and streamlined package. Offering both quality assurance services and publishing is something we think is key to our future growth.”
Richard Gimblett, HSBC Area Director in West London, said: “We’ve worked with Catalis Group for over 20 years and have been hugely impressed with its rapid growth and strategic acquisitions. Following the Group’s acquisition of Curve Digital Publishing and through our international network, Catalis has now been able to expand further internationaly including moves into Thailand, an important strategic gateway into the Asian market. We can’t wait to see what the future holds for this exciting company.”
Catalis Group has been recognised globally for its contribution to the gaming and entertainment industry. In 2017 they were recognised by the Develop Industry Excellence Award as “Publishing Hero” and in 2018 they have been shortlisted for the MCV Awards 2018 for Indie Games Publisher of the Year and Gaming Campaign of the Year under 500k. The company also had a recent win of Game of the Year for Human Fall Flat at the 2017 Lithuanian Association for Game Developers Awards.
HSBC serves c17 million customers in the UK and employs approximately 43,000 people. In the UK, HSBC offers a complete range of personal, premier and private banking services including bank accounts and mortgages. It also provides commercial banking for small to medium businesses and corporate and institutional banking services. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,522bn at 31 December 2017, HSBC is one of the world’s largest banking and financial services organisations.
Source: European Gaming Industry News