Montréal, November 28, 2011 - The Fonds de solidarité FTQ is proud to announce an $8 million investment in 7GEntertainment which will be used to launch online video game publishing and hosting services. Roughly 100 jobs will be created over the next two years as a result of this investment.
The announcement was made today by Fonds president and CEO Yvon Bolduc during a speech at the Canadian Club of Montreal. Also on hand were Anthony Brown, CEO of 7GEntertainment and Alain Denis, Senior Vice-President of New Economy at the Fonds.
“Montréal has become a major player in the video gaming industry. The expertise and quality of Québec workers in this field are attracting companies to this booming industry. Game consoles are increasingly giving way to online gaming and that’s where 7G comes in with its publishing and hosting services. The Fonds de solidarité FTQ is proud to partner with 7GEntertainment which will create some 100 new jobs in this leading-edge sector” said Mr. Bolduc.
Added Anthony Brown: ““Montréal is one of the top game development hubs in North America. For 7GEntertainment, the city is an ideal economic environment for the publishing and hosting services we provide. The investment from the Fonds de solidarité in 7GEntertainment will help us strengthen Montréal's position among the world’s game development communities by enabling us to bring to market the tools and services required to keep pace in the ever changing online development world."
“This project, with the support of the Fonds de solidarité FTQ, not only creates employment opportunities for our graduates, it also allows us to develop high-level talent and attract the expertise needed to ensure this industry’s long-term growth in Québec, especially since the hosting and publishing industries will not be competing with developers for workers” concluded Alain Denis.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $8.2 billion as at May 31, 2011, the Fund is a development capital investment fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 2,129 companies. With its 583,235 owner-shareholders, it has helped, on its own or with other financial partners, to create, maintain and protect 160,789 jobs. For more information, visit www.fondsftq.com.
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Source: Patrick McQuilken
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Telephone: 514 850-4835
Mobile: 514 703-5587
email: pmcquilken@fondsftq.com
Twitter: @FondsFTQ