VR1 Entertainment, Inc.
OverviewVR-1, Inc. was formed in 1993, as an ISP and an employment website. In 1995, the company went international by acquiring St. Petersburg and Toronto-based Gemsoft Corporation, who is known for its work on the PC version of Dragon's Lair. Not too long afterwards, VR1's Toronto team began working on its own networking layer technology, known as the VR1 Conductor. In 1999, the company starting focusing on the console market by picking up two experienced console developers; Devil's Thumb Entertainment and Tokyo-based POW Games, now known as VR1 Japan.
The main company name was changed to Circadence Corp., but VR1 Entertainment, Inc. (the focus of this company overview), remained the entertainment unit.
On 23rd February 2001 Pacific Century CyberWorks Japan K.K. announced to acquire VR1 Entertainment, Inc. for $38 million. As PCCW acquired Jaleco around the same time, by October 2002 it was announced VR1 and Jaleco USA, Inc. would be merged as Jaleco Entertainment, Inc.
Also Known As
- VR-1, Inc. (from 1993 to 2000)
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- VR1 Entertainment, Inc. -- The Official homepage