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Thunderful Group

#9745

Rank

$7.52M

Marketcap

SE Sweden

Country

Thunderful Group
Leadership team

Mr. Agostino Simonetta (Chief Strategy and Investment Officer, Chief Games Officer & Head of Thunderful Games)

Mr. Anders Maiqvist (Interim Chief Exec. Officer)

Mr. Lennart Sparud (Chief Financial Officer)

Products/ Services
Gaming, Information Technology, PC Games
Number of Employees
100 - 500
Headquarters
Gothenburg, Vastra Gotaland, Sweden
Established
2019
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
THUNDR.ST
Social Media
Overview
Location
Summary
Thunderful Group AB develops, publishes, and invests in games in Sweden, Norway, Finland, Denmark, and internationally. It operates in two segments, Thunderful Games and Thunderful Distribution. The Thunderful Games segment develops, publishes, and invests in games, including SteamWorld Tower Defense, Swing King, Pinch, Anthill, Pinch 2, Fatty, Pinch 2 Special Edition, SteamWorld Dig, Stick It To the Man!, Chip, Esper, Zombie Vikings, SteamWorld Heist, Esper 2, Zombie Vikings: Stab-a-thon, Shu, SteamWorld Dig II, Augmented Empire, A Night Sky, Flipping Death, Fe, They Suspect Nothing, SteamWorld Quest, Ghost Giant, Shadow Point, Wavetale, The Gunk, and Lost in Random. The Thunderful Distribution segment distributes and sells Nintendo hardware and software products, and accessories, as well as gaming accessories, boxed games, and merchandise, and toys. The company was founded in 1965 and is headquartered in Gothenburg, Sweden.
History

Image & Form was founded by Brjánn Sigurgeirsson, who acts as its CEO, and an unnamed co-founder in 1997. Sigurgeirsson had collected experience in web design after working from Tokyo and San Francisco, and when he applied for several jobs of the same type in Gothenburg and would have gotten all of them, he established Image & Form as a two-man multimedia and web operation to capitalise on this industry. While Sigurgeirsson intended to call the company Imagenation, his co-founder wished for it to be called Monkey Business; a vote between their friends was to resolve this dispute, though a third suggestion, "Image & Form", received the best reception.The business soon expanded with web-based game production, and in 2002, it was contracted to complete an edutainment game project for a Norwegian publisher. After that project was finished, the two companies continued co-operating for games made entirely by Image & Form. This continued as a side-business for Image & Form until 2007, when the publisher asked for speed up production to produce eight games per year, up from previously one game in 18 months. The series was sold to a Danish publisher that eventually closed in 2009. Through this development, Image & Form created 30 edutainment games in the same series between 2007 and early 2010. Image & Form's portfolio diversified when it released its first iOS game, Gyro the Sheepdog, in late 2009. Following onto this, Image & Form also released Mariachi Hero, Hugo Troll Race, and, in October 2011, Anthill. Its most successful series of games, SteamWorld, started with the release of SteamWorld Tower Defense on Nintendo DSi in 2010. In late 2011, Bergsala Holding acquired 50% of the company, and Image & Form became the former's primary development arm. Sigurgeirsson, Bergsala Holding, and Zoink's Klaus Lyngeled decided to merge the two studios and created Thunderful as their parent company in December 2017. By April 2019, Image & Form had 25 employees. In 2020, Thunderful merged Zoink with Image & Form and Guru Games to create Thunderful Development.

Mission
The mission of the Thunderful Group is to create entertainment experiences that bring joy and inspiration to people of all ages and backgrounds.
Vision
The Thunderful Group is committed to expanding its business and creating new entertainment experiences by leveraging the strengths of its three core businesses: media, gaming, and toys. Our long-term vision is to become a global leader in the entertainment industry.
Key Team

Mr. Agostino Simonetta (Chief Strategy and Investment Officer, Chief Games Officer & Head of Thunderful Games)

Mr. Anders Maiqvist (Interim Chief Exec. Officer)

Mr. Lennart Sparud (Chief Financial Officer)

Recognition and Awards
The Thunderful Group has been recognized for its achievements in gaming and media, with numerous awards such as the Game Developer Choice Awards for Most Innovative Mobile Game, BAFTA Games for Best Mobile Game, and the prestigious Japan Game Awards for Excellence in Entertainment.
References
Thunderful Group
Leadership team

Mr. Agostino Simonetta (Chief Strategy and Investment Officer, Chief Games Officer & Head of Thunderful Games)

Mr. Anders Maiqvist (Interim Chief Exec. Officer)

Mr. Lennart Sparud (Chief Financial Officer)

Products/ Services
Gaming, Information Technology, PC Games
Number of Employees
100 - 500
Headquarters
Gothenburg, Vastra Gotaland, Sweden
Established
2019
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
THUNDR.ST
Social Media