Sony has acquired Bluepoint Games, the Austin-based studio best known for remaking Demon’s Souls and Shadow of the Colossus. Financial terms of the deal haven’t been disclosed. Rumors that Sony was buying Bluepoint started to spread online right around the time the company acquired Returnal developer Housemarque in late June. Sony didn’t say whether Bluepoint will continue to focus its efforts on remastering past titles or if it will work on an entirely new IP now that it’s part of the PlayStation Studios family.

“PlayStation has such an iconic gaming catalog and for us there’s been nothing better than to bring some of gaming’s masterpieces to new players,” said Marco Thrush, the president of Bluepoint Games. “Becoming a part of PlayStation Studios empowers our team to raise the quality-bar even further and create even more impactful experiences for the PlayStation community.”

With the announcement of today’s deal, Sony has acquired three studios in the past year. That number increases to four over more than two years if you include its 2019 purchase of Spider-Man developer Insomniac Games. That’s a significant change of pace for a company that was previously much slower to buy up external developers to bolster its first-party lineup. But then a lot has changed in just the last year. Microsoft’s recent $7.5 billion deal to buy Bethesda parent company ZeniMax Media means many highly anticipated games like Starfield aren’t coming to PlayStation anymore. Sony needs the kind of talent that’s at Bluepoint to keep pace.