Software Development
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38 Studios tells court it missed sales goal
In a reversal of public statements made in the wake of the revelations of its financial difficulties, executives of 38 Studios LLC told U.S. Bankruptcy Court in Delaware that its its first product, the video game “Kingdoms of Amalur: Reckoning,” did not meet its sales expectations. more
| 7/10/12
Defense spending in R.I. up 37% since 2003
Federal defense and homeland security contracts in Rhode Island have grown 37 percent to $472 million since 2003, according to a new report from the University of Massachusetts’ Donahue Institute. more
Spectra Systems acquires ESI assets
Spectra Systems Corp. has acquired gaming software security assets from ESI Integrity, the company announced Wednesday. more
Chafee stands firm against Schilling accusations
Gov. Lincoln D. Chafee Tuesday rejected 38 Studios LLC founder Curt Schilling’s suggestion that Rhode Island sabotaged the beleaguered video game company and drove potential investors away with public comments about its potential demise. more
GreenBytes secures $12M in Series B funding
GreenBytes Inc., developer of inline deduplication data storage solutions, landed $12 million in a Series B funding round led by Generation Investment Management LLP, a New York and London-based investment group co-founded by former U.S. Vice President Al Gore. more
38 Studios back in default
Gov. Lincoln D. Chafee said Friday afternoon that 38 Studios LLC was back in default on its $75 million loan guarantee deal with the state for violating labor laws governing mass layoffs. more
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