Montréal, November 11, 2014 – On the occasion of the Montréal International Game Summit, Jacques Daoust, Minister of the Economy, Innovation and Exports, proudly announced today that Investissement Québec has acquired a $5-million stake in Hibernum Creations, a company that specializes in developing video games and creating animations and visual effects. With this injection of capital, Investissement Québec becomes a major partner in the growth of Hibernum Creations and its plans to carry out promising new projects expected to create over 150 jobs in Québec by 2016.
“Over the last decade, Québec has been one of the best places on the planet to develop world-calibre video games,” said Minister Daoust. “Whether it’s in developing cutting-edge expertise or launching forward-thinking companies, our talent and creativity have put us in a class of our own. This investment speaks to our desire to be a genuine partner and support an innovative Québec company destined to become a leader in the video game industry.”
Founded in 2005 by Frédérick Faubert, Hibernum Creations has played a central role in developing hundreds of video games ranging from big-budget AAA console releases to casual mobile games. Today, the company works with industry giants like Amazon, LEGO, Disney, Cartoon Network, Halfbrick, Mattel, DeNA and Wooga that require its expertise in developing games, animations and visual effects and creating and managing brands.
“In the last two years, we have more than tripled our creation and production capacity, and we now have over 155 employees at our Montréal head office,” said Frédérick Faubert, President of Hibernum Creations. “We have always sought to showcase the remarkable talent and innovation of our Montréal workforce in our productions. This investment will enable Hibernum Creations to consolidate its position as one of the global leaders in the video game and digital entertainment marketplace.”
“In addition, this equity investment will allow Hibernum Creations to accelerate the development of partnerships with international intellectual property owners who have high profiles in the video game, movie and entertainment industries,” explained Louis-René Auclair, Vice President and Chief Brand Officer of Hibernum Creations.
About Investissement Québec
Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment.
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Carla De Ciccio
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