In March of 2012, Spellbound Entertainment, the makers of Arcania and Giana Sisters DS, filed for insolvency, due to a pending investment falling through in its final stages. The company continued to pay its 65 employees however, and were confident that they would rebound from the fall.
Their confidence was rightly placed, because as of today, July 13, in Offenburg, Germany, Black Forest Games was announced. Of the original 65 employees, 40 chose to stay with the reformed company, including key members from the management and creative teams. The CEO of the reformed company is Andreas Speer, the CFO/COO is Adrian Goersch, and the Creative Director is Jean-Marc Haessig.