SCi Games

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SCi Entertainment Group plc
Formerly
  • The Sales Curve Limited (1988–1994)
  • SCi (Sales Curve Interactive) Limited (1994–1996)
TypePublic
IndustryVideo games
Founded1988; 34 years ago (1988)
FounderJane Cavanagh
Defunct27 March 2009; 12 years ago (2009-03-27)
FateAcquired
Headquarters
London
,
England
Area served
Worldwide
Key people
Jane Cavanagh (chairwoman, 1988–2006; CEO, 1988–2008)
Number of employees
900 (2008)

SCi Entertainment Group plc (formerly The Sales Curve Limited and SCi (Sales Curve Interactive) Limited) was a British video game publisher based in London. The company was founded in 1988 by Jane Cavanagh and floated on the stock exchange in 1996. In May 2005, SCi acquired Eidos, the parent company of publisher Eidos Interactive, and merged their operations by June 2006. In December 2008, SCi was briefly renamed Eidos and was subsequently taken over by Square Enix in March 2009.

History[]

Jane Cavanagh, formerly an executive for British Telecom's Telecomsoft division,[1] founded The Sales Curve in 1988, following a trip to Japan that convinced her of the potential of the video game industry.[2] Cavanagh established and ran the company without external funding, and owned 100% of the company's shares.[2][3] The Sales Curve was renamed SCi (Sales Curve Interactive) in 1994, and floated on the stock market in 1996, becoming SCi Entertainment.[1][3]

By February 1999, SCi reported a turnover of GB£3.262 million.[4] In April 2005, SCi entered into a £103 million bid for Eidos, the parent company of Eidos Interactive.[5] Eidos was taken over by SCi in May 2005,[6][7] and fully merged with SCi by June 2006.[8] Following Eidos' takeover, all executives of the acquired company resigned, and were replaced by SCi's management.[9] In October 2005, SCi employed around 600 people.[10] By February 2006, it was the largest video game company in Great Britain.[11] In December 2006, Warner Bros. started investing in SCi in exchange for granting game licences to Warner Bros. films to SCi.[12] Warner Bros. owned 10.3% in September 2007.[13]

In July 2006, Cavanagh stepped down as chairwoman of SCi, while remaining chief executive officer (CEO).[14] She was replaced by Tim Ryan, formerly non-executive director, as non-executive chairman of the board.[14] In the 2007 New Year Honours, Cavanagh was named Officer of the Order of the British Empire (OBE) for her services in the video game industry, particularly SCi.[3] Cavanagh was ousted as CEO in January 2008, and left the company alongside her husband, Bill Ennis.[2][15] Following their departure, SCi's shares doubled in value.[16][17] At the time, SCi had 900 employees.[17] On 2 December 2008, SCi filed for changing its name to Eidos,[18] which was finalised the following day.[19][20] During 2008 the company raised £60 million at 35p a share. Eidos shareholders approved a takeover by Square Enix on 27 March 2009 at 32p a share, a valuation of just over £84 million.[21]

References[]

  1. ^ a b Duby, Mary (25 October 2005). "Big shot". Retrieved 25 August 2018 – via www.thetimes.co.uk.
  2. ^ a b c Bowers, Simon (19 January 2008). "SCi shares flourish after founder is forced out". the Guardian. Retrieved 25 August 2018.
  3. ^ a b c Dobson, Jason. "SCi's Jane Cavanagh Receives OBE". gamasutra.com. Retrieved 25 August 2018.
  4. ^ "Shanks sold to US buyer for pounds 235m". independent.co.uk. Retrieved 25 August 2018.
  5. ^ Dennis, Guy (9 April 2005). "'They probably paid too much'". Retrieved 25 August 2018 – via www.telegraph.co.uk.
  6. ^ "Can Tomb Raider's owner dodge the grave?". independent.co.uk. Retrieved 25 August 2018.
  7. ^ "SCi reveals Eidos plan". eurogamer.net. Retrieved 25 August 2018.
  8. ^ "The Investment Column: With Lara Croft on the rampage, Sci". independent.co.uk. Retrieved 25 August 2018.
  9. ^ "Eidos board quits". theregister.co.uk. Retrieved 25 August 2018.
  10. ^ Martinson, Jane (25 October 2005). "Bounty hunters set their sights on Tomb Raider company". the Guardian. Retrieved 25 August 2018.
  11. ^ Bowers, Simon (16 February 2006). "SCi Entertainment calls time on talks with potential bidders". the Guardian. Retrieved 25 August 2018.
  12. ^ "Warner Bros. Entertainment To Invest In SCi EntertainmentGroup, Leading Video Games Publisher". gamesindustry.biz. Retrieved 25 August 2018.
  13. ^ Thelwell, Emma (4 September 2007). "SCi Entertainment shares soar on takeover approach". Retrieved 25 August 2018 – via www.telegraph.co.uk.
  14. ^ a b "Cavanagh steps down as SCi chair, remains as CEO". gamesindustry.biz. Retrieved 25 August 2018.
  15. ^ "Lara Croft firm SCi's boss fired in clearout". standard.co.uk. Retrieved 25 August 2018.
  16. ^ Thelwell, Emma (25 August 2018). "SCi Entertainment shares soar on shake-up". Retrieved 25 August 2018 – via www.telegraph.co.uk.
  17. ^ a b Bland, Juliette Garside and Ben (25 August 2018). "Lara Croft owner soars as founder ousted". Retrieved 25 August 2018 – via www.telegraph.co.uk.
  18. ^ "SCi files to change name to Eidos". gamesindustry.biz. Retrieved 25 August 2018.
  19. ^ Caoili, Eric. "SCi Finalizes Name Change To Eidos As Buyout Rumors Mount". gamasutra.com. Retrieved 25 August 2018.
  20. ^ "SCi: Just call me 'Eidos'". engadget.com. Retrieved 25 August 2018.
  21. ^ "Eidos approves takeover by Square Enix". Financial Times. Retrieved 25 August 2018.
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