Connect with the top gaming leaders in Los Angeles at GamesBeat Summit 2023 from May 22-23. Register here.
Game development planning platform favorite Lasse Mejling Andersen has been named president and chief financial officer.
Uppsala, Sweden-based Favro has created a collaborative planning platform to help game studios get organized.
And to organize itself, the company adds a new No. 2 officer. Andersen will report to Patric Palm, CEO and chairman of the company.
The goal is to help the company improve its capabilities by helping game studios and publishers, software-as-a-service companies and agile enterprises cut costs and increase team productivity.
The global games market, and more specifically games-as-a-service, continues to dominate the entertainment industry. For game studios and publishers, that means facing the growing challenges of hybrid and remote working, and succeeding with LiveOps.
To successfully meet these challenges, game companies need flatter organizations with highly autonomous teams that align to business goals through collaborative planning rather than micromanagement and centralized processes, Favro said.
Favro’s ability to easily adapt to the needs of teams or leaders, along with enterprise-grade scheduling capabilities, integrations, and security, has seen Favro quickly gain ground among live-service game studios where dev, LiveOps, QA, marketing, and studio management must be closely aligned for the continuous release of new features and content.
The company was founded in 2016 by Palm, Hans Dahlstrom and Erik Olofsson – veterans of game development and agile application development platforms. Today, the company’s customers include Timbre Games, Resolution Games, Double Fine, and high-growth SaaS companies, such as Wolt and Tobii.
Favro is backed by pan-Baltic venture capital fund Practica Capital and Scandinavian/US technology investor Scale Capital, as well as Creandum, Inbox Capital and angel investors such as serial entrepreneur Christopher Beselin.
Favro started 2023 off right with the release of several new capabilities, such as the Template Gallery and Editor, a knowledge base built on best practices gained from more than 20 years in the industry. The Template Editor enables efficient knowledge sharing and helps project management firms serve their organization by moderating a library of shared workflows instead of micromanaging teams.
With the appointment of Lasse, Favro aims to become a global leader in modern work management from its early days.
Lasse brings experience in finance, strategy and digital transformation to Favro. Prior to joining the company, he was VP Strategy & Finance at Leapwork, where he played a key role in fundraising and scaling. Before that, Lasse worked at McKinsey & Company, where he optimized tech and SaaS companies and helped large companies transform to more digital and agile.
“I am thrilled to be part of the Favro team and contribute to its success,” Lasse said in a statement. “Favro has already established itself as the most modern and efficient scheduling platform for game studios. I look forward to working with the team to continue to innovate and meet the industry’s ever-changing needs.”
In addition to his extensive expertise in SaaS business models and agile methodologies, Lasse’s professional resume also includes a Ph.D. in quantum physics.
“This unique qualification will be very useful in unraveling the complexities of today’s game
development and help us create solutions that are right for the studios and publishers of tomorrow,” Palm said in a statement.
the company continues to grow, adding a new VP of Product to his team is also on the roadmap for this year.”
GamesBeat’s credo in covering the gaming industry is “where passion meets business”. What does this mean? We want to tell you how important the news is to you — not only as a decision maker in a game studio, but also as a fan of games. Whether you’re reading our articles, listening to our podcasts, or watching our videos, GamesBeat helps you learn about and have fun with the industry. Discover our Briefings.