Last year the studio merged with Electronic Arts-owned mobile developer Firemint. However, the merger didn't last and Infinite Interactive split off to become an independent studio once again.
"There was never an actual acquisition of Infinite, it was more of a merger," Infinite Interactive founder Steve Fawkner told Joystiq.
"I think everybody agreed that Infinite does its best work when it's independent, and so we headed back out into the wilderness to work on our own stuff again."
Ownership of the Puzzle Quest intellectual property may have been complicated by working with multiple publishers on different platforms, though Infinite Interactive still retains the rights to the name.
"While I don't have a specific announcement that I can make at the moment, if you shook a Magic 8-Ball and asked it, 'Will Infinite's next game be a Puzzle Quest title?', then it would quite probably say 'All signs point to yes!'," Fawkner said.
"In the short term, we will continue to build and innovate in the genres and settings that we know and love. That means games that combine fantasy, puzzles, strategy and tactics.
"It's doubtful we'll ever move too far from those genres, because they are our favourites, and you always do your best work when you're building games that you're passionate about."
Infinite Interactive's last title Puzzle Quest 2 released in 2010 on Nintendo DS, Xbox Live Arcade, PC, iOS, Android and Windows Phone.
Watch the trailer for Puzzle Quest 2 below: