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Atlus president explains Sega buyout in letter to fans

"Our respective strengths in game development complement each other"

Altus chief executive Naoto Hiraoka has issued an official statement explaining the company's acquisition by Sega, assuring fans that development projects will continue unaffected.

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Sega acquired Atlus, developer of cult titles such as Trauma Center and the Persona series, as part of a wider deal involving the purchase of its parent company Index Holdings.

The deal is thought to have cost about $140 million. Sega now has control over Atlus' IP, its Tokyo studio, along with nearly 400 staff.

According to Hiraoka, a longstanding business relationship between Atlus and Sega makes the new partnership conducive to expanding awareness of the Atlus brand.

The full statement follows:

Dear fans and customers,

I would like to take this opportunity to express my gratitude for your support of Atlus products.

As announced Tuesday through various news channels, we are going to continue with our business operations as part of Sega Sammy Holdings effective November 1, 2013.

As you may already know, Index Corporation filed for Civil Rehabilitation Proceedings in Japan on June 27 and since then, has been searching for a solution which would allow us to continue our business of making great games.

Atlus has consistently received support and praise from our faithful and our respected customers, and made great progress in recent years. So the recent incident must have surprised and worried all of you dearly. For that, I would like to express my deepest apologies.

We have nurtured a great relationship with Sega Inc. for a long time, especially concerning our consumer games business in Japan. I believe the collaboration between the two companies at this time will be mutually beneficial for the following reasons:

Sega understands our drive to achieve quality and to expand awareness of the Atlus brand.
Our respective strengths in game development complement each other well.

We are extremely happy to be able to continue with our business, and be able to report this good news to our fans and customers. Again, we would like to express our gratitude to everyone who has supported us.

Currently, we at the Consumer Software Division in Japan are focusing on developing future titles, and are willing to take on new challenges to further achieve growth and success.

Please stay tuned for future updates.

Naoto Hiraoka

President and CEO

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