MONTREAL, Nov. 28, 2011 /CNW Telbec/ - 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.
SOURCE SOLIDARITY FUND QFL
For further information:
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ