Mike Fegan explains merger between Red Mile Entertainment and IR Gurus

Published: October 16, 2007, 2:51 am

Mike Fegan, CEO of Australian developer IR Gurus, explained the rationale behind the merger between IR Gurus and United States company Red Mile Entertainment in a recent interview. As a result of the merger, Red Mile Entertainment will soon acquire IR Gurus' outstanding shares, effectively making IR Gurus a subsidiary of the same US-based company that brought us the game version of Frank Miller's Sin City.Mike Fegan admitted that IR Gurus plans to establish itself as a global Top 20 game development studio within the next two years. The developers realized, however, that they needed consistent production flow on a major scale in order to reach their target. This, in turn, required access to big capital currently unavailable in their home country. Thus, the IR Gurus team felt that a merger with a publicly-listed company in the US - Red Mile Entertainment - would provide exactly what they lacked.Mr. Fegan also mentioned he doesn't expect to see major changes in IR Gurus' infrastructure

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