[From the industry] Virtuos Furthers Global Growth Ambitions with New Studio in Kyiv, Ukraine

This is a press release posted in addition to our usual editorial content.

Virtuos, a leading global game development company, today announced  the completion of its acquisition of Volmi Games (‘Volmi’), a 2D and 3D art production studio with 140  employees based in Kyiv, Ukraine. The expansion is a key part of Virtuos’ growth strategy, as it increases its  global footprint to better meet the growing demands of its clients. 

Volmi was co-founded by Vladimir Loban, Chief Executive Officer, and Miroslav Baranenko, Chief Operating  Officer, in 2016. Prior to Volmi, both Loban and Baranenko held leadership positions at Wargaming Kyiv.  The Volmi team has extensive experience in the area of content creation for video games. Core  competencies include photo-realistic, stylized 2D and 3D content, concepts and illustrations, casual game  graphics, and animation. Volmi has contributed to notable games such as Diablo 2: Resurrected, Metro  Exodus, Sniper: Ghost Warrior Contracts 2, Smite, Paladins, and Gwent: The Witcher Card Game. 

Following the acquisition, Volmi will rebrand itself as “Volmi – A Virtuos Studio”. Loban and Baranenko will  continue to helm the studio as General Director and Operations Director, respectively. 

Virtuos’ expansion into Kyiv marks the company’s first foray into Eastern Europe, tapping into Ukraine’s  growing pool of tech talent. The new studio will function as a key node in Virtuos’ expanding global footprint  and bringing the company closer to its European clients, while bolstering its game development and art  production offerings.  

Gilles Langourieux, CEO at Virtuos comments, “We’re kicking off the new year on a high by welcoming  another passionate team to the Virtuos family. What Volmi has achieved in the five years since its inception  is truly remarkable. We are excited to leverage the team’s deep art production expertise and high growth  potential to ensure our continued success. Looking forward to working with and growing alongside Volmi, as  we expand our capabilities together as a team.”

Vladimir Loban, General Director at Volmi – A Virtuos Studio adds, “Joining Virtuos is a natural next step  in Volmi’s growth journey. Supported by Virtuos’ global portfolio of AAA projects, end-to-end art production  and full-stack game development solutions, we are confident of accelerating Volmi’s growth and moving up  the value chain to provide even better content for our clients.” 

Miroslav Baranenko, Operations Director at Volmi – A Virtuos Studio adds, “Both Virtuos and Volmi are  culturally aligned in our pursuit of excellence and having talent development at the core of our businesses.  Together with Virtuos’ support, we aim to grow the Volmi team from about 140 to 500 employees within three  years, in tandem with our wider growth ambitions.” 

The establishment of Volmi – A Virtuos Studio builds on Virtuos’ track record of studio acquisitions and  integrations in the past decade, including CounterPunch Studios in Los Angeles in 2020, Black Shamrock in  Dublin in 2017, and Sparx* in Vietnam in 2011. In 2021, Virtuos also secured a USD150 million investment from Baring Private Equity Asia and opened a studio in Lyon, adding on to a growing list of studios within its  global network. 

About Chris Wallace

Chris is a freelancer writer and was MCV/DEVELOP's staff writer from November 2019 until May 2022. He joined the team after graduating from Cardiff University with a Master's degree in Magazine Journalism. He can be found on Twitter at @wallacec42, where he mostly explores his obsession with the Life is Strange series, for which he refuses to apologise.

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