Keywords St (LON:KWS) has released its 2015 results, revealing a company transformed by a blend of strong organic growth, supplemented by strategic M&A with revenues up 55% to €58.0m (c 20% organic growth). These results closely follow its most recent deal announcement, which will see it acquire China-based art production company Mindwalk. Keywords’ capabilities now span six service offerings and four continents, allowing it to service its stable of blue-chip clients, in all major video game development hubs. The outsourcing market remains highly fragmented and Keywords intends to continue to lead industry consolidation. We believe that further deals consistent with those completed to date have the potential to create additional value.
An unrivalled video game outsourcing offering
We believe that Keywords is the largest dedicated video game technical services outsourcing company globally, by revenues and breadth of service offering. This scale provides a competitive advantage in what continues to be a very fragmented industry. Large multinational video game developers are increasingly rationalising their outsourcing partner lists and are looking for companies that can deliver an integrated offering at a high level across services and geographies.
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