Reto-Moto to target the online multiplayer market.

Hitman: Blood Money screenshot

Neil Donnell and David Guldbrandsen, founders of Hitman and Kane & Lynch developer IO Interactive, have announced the formation of a new development studio.

Reto-Moto is to target the booming online multiplayer market and is already in talks with potential partners.

"We've seen the interactive online market develop significantly in the last five years," said David Guldbrandsen, chief technology officer of Reto-Moto. "Fresh from the global success of Hitman we think our new company Reto-Moto is well placed to capture commercial and creative advantage."

"It's imperative for any successful games developing company in today's market to have a leadership team with proven talent and track record," explained Neil Donnell, chief executive officer. "After 10 years working together at IO we know we have both."