Dundee-based developer Cobra Mobile has been shut down.
As reported by The Courier, CEO and founder Mark Ettle said the decision came following a “really sad combination of events” including the death of its chairman, Peter Mackintosh, and clients going bankrupt leading to debt.
“There has been a downturn in the sector, which has made it harder for us to operate moving forward with the roadmap we wanted to follow,” said Ettle.
“This has all hit us at the same time. It is really sad, but it has been a fun ride too for the last 20 years.
“We have made a ton of great games, and we’ve won a lot of awards and been nominated for loads more. We had business commendations for the way we operated and worked. But there are things in business you simply don’t control and events you cannot foresee.”
He concluded: “There is a downturn in the industry right now. This is not an isolated event. We had one thing on top of another – a cascading waterfall of bad outcomes.”
Cobra Mobile was founded in 2005, and is known for titles including Storm In A Teacup and iBomber.
The developer made games for iOS and Android, as well as platforms including Steam and Nintendo.