As the developer of some of my favorite games throughout the past few generations (Strikers series, Luigi's Mansion DM & 3 to name a few that I've played), as the story on GoNintendo says, "It's about time!" Their most notable games were the aforementioned Nintendo IP games with their other outings being 3rd Party Licensed games. We'll see what the future holds for them.
Source: https://gonintendo.com/stories/374944-nintendo-acquires-luigi-s-mansion-3-developer-next-level-games