Iguana Entertainment

The company was founded in 1991 by Jeff Spangenberg, previously lead designer for Punk Development, and originally located in Santa Clara, California.

[3] In 1991, Spangenberg founded his own company in Santa Clara, California, and hired 20 staff, including friends of his.

[1] Because of the high cost of living in the San Francisco Bay Area for Spangenberg and his employees, the company decided to move their headquarters.

[1][2] Their first choice was Seattle, Washington, which was also the location of Nintendo of America, but getting to know Texas' expanding technology industry, several Iguana staff traveled to Austin in May 1993 to investigate the relocation possibilities in the area.

[6] The deal was completed on January 4, 1995,[7] with US$5 million paid in cash and additional, undisclosed payments made in stock.