Paris, France-headquartered Ubisoft said Monday that it is opening a new “full development studio” in Toronto, Ontario, marking the company’s first development presence in the province and creating 800 new jobs in the next decade.
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Ubisoft called the opening “significant”, as the government of Ontario is investing CAD$263 million ($226 million) over ten years. Ubisoft said its own net investment will amount to over half a billion Canadian dollars in the new studio, whose operations will start in late 2009.
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“Today’s announcement marks a strategic move for Ubisoft as we continue to expand our internal development force,” said Yves Guillemot, president and CEO of Ubisoft. “We are in an excellent position to grow and after extensive analysis we are thrilled to have reached an agreement with the government of Ontario to open our new studio in Toronto.”
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| Guillemot called Toronto “one of North America’s economic and cultural epicenters,” and expressed excitement for the local talent pool. |
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