THQ has sold off its ValuSoft division to a budget software company called Cosmi. THQ acquired the value-based publishing distribution company ten years ago. The company saw a moderate amount of success with the value division over the years and used it to publish titles that the parent company would never publish alongside its AAA brands.
Cosmi has been selling budget software for 30 years. Cosmi says that this acquisition makes them the second largest PC publisher in North America and the biggest value software publisher.
The sale of ValuSoft is part of THQ's ongoing strategy to become a leaner and meaner company focused solely on its most core brands and properties.
"With the transition of the 'Value' PC business to Cosmi, our internal resources are now focused on our core video game portfolio where we can drive the highest quality performance and execution for our games," THQ president and CEO Brian Farrell stated.
Earlier this month THQ's fourth-quarter financial results turned out to be better than expected - which is another indicator that the publisher is struggling but it is on the road to recovery...