Singapore Titan organization disbands all his compositions for various games, said CEO and founder Damien Grust.
Titan organization was established in September 2013 and has since been home to many professional players and teams in games such as CS: GO, Quake, Dota 2 and Smite.
CS: GO-composition of Titan was founded in January 2014 after being passed under the wing of the French team VeryGames.
The Director-General's announcement of Titan said that the financial problems, due to which the organization and shuts down, began after the VAC-ban KQLY in 2015.
Other teams that play under the tag of Titan, is in the same composition and looking for a new organization.
Currently five players ex-Titan is in Belarus on January 14, will begin his presentation at the tournament SL i-League StarSeries XIV Finals, which will be playing in the same group with fnatic, EnVyUs and ex-TSM.
The composition of the ex-Titan:
Kévin "Ex6TenZ" Droolans
Adil "ScreaM" Benrlitom
Cédric "RpK" Guipouy
Richard "shox" Papillon
Edouard "SmithZz" Dubourdeaux
Statement by the founder and CEO Titan - Damien Grust:
"Since the creation of our funding Titan poor. The staff tried to most effectively allocate all funds. The organization grew slowly but steadily, even without significant financial support or assistance to sponsors. We developed the brand and the lion's share of funds invested in the team, and advertising. With the growth of Titan has grown and our fan base and gradually sponsors started to pay attention to us. The 2015 budget was more than enough and everything was fine. Soon after, one of our players was banned for cheating, and this news immediately turned against us. The authority was flawed and partners, for obvious reasons, refused to cooperate. Because of this funding has fallen sharply, and I tried to keep the company afloat in all possible ways. As a result, the budget for the year 2016 is not enough for a stable support of our CS: GO and staff, however sad it may sound.
This means that from now on we will stop the activities and dissolve their players. Thank you to all of our organizers, players, fans, haters, partners and opponents. It was an unforgettable journey."