Game development studio Ivolgamus UAB was established in August 2002 in Vilnius, Lithuania (north-eastern part of the European Union). They entered the handheld market with Santa Claus saves the Earth for Game Boy Advance. In 2008 the company consists of 30 experienced employees and has released eight games. They have also developed several educational games for Lithuanian governmental institutions. The company also has a division in Argentinia, Ivolgamus Buenos Aires SA. Two of the company's recent releases are Fading Shadows (PSP) and Falling Stars (PS2).