Sega is bringing Persona developer Atlus back to life according to an announcement from parent company Sega Sammy Holdings.
Sega Sammy bought Atlus' parent company Index last year following its filing for bankruptcy.
Sega bought Atlus' parent company Index Digital Media in November last year for approximately $140m following Index's bankruptcy filing in June. The company allegedly had debts of more than $220m.
According to Gematsu
, the move will see Index split into two companies with Atlus focusing on planning and developing games and Index Corporation which will focus on content distribution, systems development, digital marketing and other business solutions.
The head count at the new Atlus is currently 121 whilst Index has a staff of 166. Atlus will bi headed up by Sega managing director Yukio Sugino.
Index's split into the two companies will come into effect on April 1. Although no games have been specifically announced, Sega Sammy chief operating officer Naoya Tsurumi did state after the initial acquisition that Atlus had been given permission to make use of all dormant Sega intellectual properties including Jet Set Radio, Space Channel 5 and Sakura Wars.
The fate of Atlus as a developing entity has been uncertain since the Sega acquisition. Atlus is best known for the Persona, Etrian Odyssey and Trauma Center series with some of its properties spawning anime productions.