Kalisto gets new investment

Troubled French developer gets €15m cash boost

Source - FT.com

There's more good news this week for French developer Kalisto, which looked to be on the verge of collapse just a few months ago after posting revenues almost 90% lower than forecast, resulting in a loss of over $25m. The company has announced that it will be receiving a €15m boost from American investment fund Global Emerging Market which will allow "the continuity of our creative activity, without losing our independence" according to founder Nicolas Gaume. A report in the Financial Times yesterday also mentions that Kalisto expects to earn Fr80m in sales during its current financial year, a far cry from the mere Fr19m it managed last year.

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