Iron Lore Entertainment has quit the computer game industry in a shock announcement posted on their website today.

The Titan Quest developer said "several unrelated events" stopped it gaining crucial funding.

"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."

"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. 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."

Iron Lore's website was not accepting requests at the time this news article was published.