[From Wikipedia http://en.wikipedia.org/wiki/Bit_Managers]
The company was founded in 1988 with the name New Frontier. Initially they programmed games for ZX Spectrum, Amstrad and MSX, but they didn't get so much success.
In 1992, the company changed its name to Bit Managers and began to make games for Nintendo consoles (especially for Game Boy). This was their best time, they created innovative games based on comic characters like Asterix, The Smurfs or Tintin for the company Infogrames.
In 1997, they were chosen by Acclaim between several video game studios to develop the Turok series for Game Boy.
In 1998, the year of the launch of Game Boy Color, Bit Managers was the first third-party developer to finish two Game Boy Color titles (Turok II and Sylvester & Tweety). In this year, the company was bought by the Spanish arcade video game company Gaelco. Then, they ported to PlayStation the Gaelco arcade game Radikal Bikers.
In 2001, the former associates of Bit Managers bought again the company and they continued their relationship with Infogrames with several games for Game Boy Advance.
In 2005, the Spanish video game company Virtual Toys bought Bit Managers and nowadays its part of this one and it is known as Virtual Toys Barcelona.