A privately held company originally called "Epic MegaGames Inc.", Epic was founded in 1991 by Tim Sweeney (Unreal), and joined shortly after by Mark Rein (V.P. of Marketing), James Schmalz (Epic Pinball, Extreme Pinball, Unreal), and Cliff Bleszinski (Jazz Jackrabbit, Unreal).
Along with Apogee and id Software, Epic was one of the three companies that pioneered shareware games and turned online distribution into a viable business model. Epic's hit shareware releases included Jazz Jackrabbit, One Must Fall, and Epic Pinball. Epic released Extreme Pinball and Fire Fight in retail through Electronic Arts in 1996.
In addition to its game development efforts, Epic is a pioneer of licensing its technology to top-tier third-party developers. Licensees of the Unreal technology include: Ion Storm, Microprose, Legend Entertainment and GT to name a few.