Iron Lore, the developer of the PC hack-and-slash RPG Titan Quest and its expansion, Titan Quest: Immortal Throne has closed its doors due to the inability to find financing for their next project.

In a post on its website, Iron Lore issued this statement: "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 was also listed as a co-developer on the upcoming expansion pack to Warhammer 40,000: Dawn of War, Soulstorm.

• Iron Lore Official Website