From edge-online.com (via joystiq.com):
Paris, France-based Ubisoft has acquired Brazilian independent developer Southlogic Studios, the companies announced Tuesday.
Southlogic’s staff of around 20 developers, now under the Ubisoft umbrella, has created games for PC, handheld and consoles. The studio has also provided art outsourcing and porting services.
Southlogic, founded in 1996 in Porto Alegre, recently [...]

From developmag.com:

In June Ubisoft opened its 20th studio – in Brazil – while at the same time continuing to grow one of its first studios, the busy 2,000-man operation in Montreal. We spoke to executive director of worldwide studios Christine Burgess-Quemard about the impressive growth of the publisher’s development resource…
Develop: What major lessons have [...]