ProbablyMonsters Inc., a triple-A publisher founded by former Bungie CEO Harold Ryan, has announced the establishment of a third development studio under its wing. The unnamed studio will be led by former Borderlands and Torchlight creatives, and will focus on developing co-op RPGs. Their first project, a next-gen title, is already in development. The new studio joins Cauldron Studios and Firewalk Studios in the ProbablyMonsters family. In a press release, the publisher also announced that it has acquired a 76,000 square foot building in Bellevue, Washington. ProbablyMonsters currently employs 150 developers.

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