Iron Lore, the developer behind the mythological action-RPG Titan Quest, has closed its doors.

A message posted today on the Iron Lore website says, “It is with great regret that we must announce that as of close of business Tuesday, February 19, 2008 Iron Lore Entertainment has ceased active game development. Several unrelated events occurred which resulted in Iron Lore being unable to secure funding for its next project.”

Iron Lore was founded in 2000 by Age of Empires co-creator Brian Sullivan and Paul Chieffo. For their work on Titan Quest, Iron Lore was chosen as “Best New Studio” at the 2007 Game Developers Choice Awards. Following the March 2007 release of the Titan Quest: Immortal Throne expansion, the company had most recently been working on the Soulstorm expansion for the Warhammer 40,000: Dawn of War series. Details about the cause of the company’s downfall are not given, but the message indicates the company will continue to pursuing licensing opportunities for its “powerful and flexible” engine and toolset.

“We would like to extend our thanks to everyone who has helped us in the last seven years – our team who moved mountains to create such great games, our publisher THQ who has been a great partner through three product development cycles, and most of all our customers and fans,” the company said in its message. “We owe all of the success we’ve had to you, and our greatest satisfaction has come from creating games that have given enjoyment to the community.”

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