Ex-Guerrilla Games founders Martin de Ronde and Michiel Mol have formed a new company, Vanguard Entertainment Group.

The company is a merger of the duo's production company Karami and W! Games, developer of the PSN and XBLA title Greed Corp.

"Over the past few years, we have been closely following the rapid rise of social network games, browser based games and new online business models associated with these platforms," said de Ronde, chief commercial officer of Vanguard.

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