DESTINEER ANNOUNCES STRATEGIC INVESTMENT AND DEVELOPMENT AGREEMENT WITH IN-Q-TEL
June 16, 2005
Minneapolis, MN
Videogame developer and publisher Destineer today announced it has signed a strategic development agreement with In-Q-Tel, a private venture group funded by the Central Intelligence Agency (CIA).
Destineer develops and publishes 3-D games for personal computers and videogame consoles. Its first internally-developed game, Close Combat: First to Fight, was created with the help of more than 40 active-duty United States Marines and is based on their recent combat experiences.
"We create highly realistic, action-oriented training simulations that provide unique gaming experiences", said Destineer President, Peter Tamte. "Our partnership with In-Q-Tel will enhance our technology and expand the work we do with the federal government."
"Destineer's technology offers unique gaming simulation capabilities", said Gilman Louie, President and CEO of In-Q-Tel. "In-Q-Tel is very pleased with its partnership with Destineer and their promise of significant developments in simulation training that will enhance security readiness for the Intelligence Community."
About Destineer
Destineer® was created in 2001 by Peter Tamte, who was executive vice-president of Bungie Software, makers of the best-selling videogame Halo, before forming Destineer. The company is managed today by Mr. Tamte and CEO Paul Rinde, formerly a senior vice-president of Atari. Destineer develops and publishes commercial videogames for personal computers and videogame consoles under the Destineer, Bold Games, and MacSoft brands, and it creates highly realistic action-oriented training simulations for military and intelligence organizations. More information is available at www.destineerstudios.com.
About In-Q-Tel
In-Q-Tel was established in 1999 to identify and deliver transformative technologies to the CIA and the Intelligence Community. In-Q-Tel's mission is to identify and help solve some of the toughest challenges faced by the Central Intelligence Agency and the Intelligence Community. We leverage the creativity of the private sector, academia and national labs to seize new opportunities, to see problems differently, and to solve them in new ways. Learn more at www.in-q-tel.org.
