Reakktor Media, the developers behind the MMO Black Prophecy, has started the insolvency process, according to a report on GI.biz, with the 50 remaining employees hoping for a last minute contract in order to stay open.
Speaking to GamesIndustry.biz Germany, managing director Kirk Lenke said: “We have a team of 49 highly talented and motivated people over here with qualifications which go far beyond actual MMO technologies and mechanisms.
“We are in a position to accomplish basically anything what is played right now, even if we were focused in the recent times on multiplayer mobile gaming. However, the MMO area is historically our organically grown core competence.
“With Black Prophecy and Neocron we have been the first in Germany who came up with a realtime action game in leading technological quality in the multiplayer category,” he said.
Black Prophecy is a free-to-play browser-based MMO shooter published by Gamigo, which owns 19.1% of the firm.