Spanish game development studio Novarama announced it has reached an investment agreement with Tencent, a world-leading technology company.

Under the terms of the deal, Tencent will take a stake in Novarama, which is working on a new, unannounced, multi-platform MMO.

“Sir Isaac Newton said: to see further you must stand on the shoulders of giants. Partnering with Tencent, the world’s leading publisher of online games, opens a vast world of possibilities for us. Today is a great day not just for us, but also for the Spanish development community as a whole. Thanks to everyone involved on this journey. I can’t wait to share what we are working on,” said Novarama CEO Dani Sanchez-Crespo.

Novarama, founded in 2003, is a developer and publisher of games. For over 10 years, it was a Sony Exclusive studio, creating and delivering the Invizimals franchise on PSP, PSVITA and PS3. Released in 2009, Invizimals was a pioneer in Augmented Reality, digital goods and transmedia, integrating the game with a Netflix TV show. More recently, it released action-RPG Killsquad on Steam. Novarama is currently focused on session-based MMOs.

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Official Site: novarama.com