MMORPG.com has learned that the mythologically-based MMORPG, Gods and Heroes, put on “indefinite hold” by Perpetual entertainment back on October 9h of 2007, is rising from the grave.

Heatwave Interactive, a game development studio and online publisher located in Austin, Texas has obtained the rights to develop and release the canceled property.

“Heatwave’s philosophy is to identify and develop world class IP, and we believe the project is just that,” said Anthony Castoro, co-founder and CEO, Heatwave Interactive. “With this acquisition Heatwave greatly expands its core development capabilities as well as adding a well-known, award-winning title to its expanding intellectual property portfolio. This game hits the Heatwave ‘HIP’ mark in terms of its social gaming features and the intrinsic entertainment value found in its mythological storyline, high action adventure and beautiful art style. ”

Heatwave also obtained rights to the proprietary engine that Perpetual developed to run both Gods and Heroes as well as their own version of Star Trek Online.

More information will be made available on this story as it develops.

You can sign up to receive official Gods & Heroes: Rome Rising updates at the preliminary website that has been made available.