Technology
Ransomware Protection Solutions Market to Grow at Double-Digit CAGR, Reaching USD 51.71 Billion by 2031 | Valuates Reports
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1 year agoon
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Ransomware Protection Market is Segmented by Type (Cloud-based, On-Premise), by Application (Small and Midsize Organizations, Large Enterprises).
BANGALORE, India, April 21, 2025 /PRNewswire/ — The Ransomware Protection Market was valued at USD 21830 Million in the year 2024 and is projected to reach a revised size of USD 51710 Million by 2031, growing at a CAGR of 13.3% during the forecast period.
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Major Factors Driving the Growth of Ransomware Protection Market:
The ransomware protection market has shifted from niche add‑on to core operational necessity, blending prevention, detection, isolation, and rapid recovery in unified platforms consumed as cloud services, appliances, or MSSP offerings. As attacks rise in sophistication and impact, purchasing authority has climbed from IT managers to executive committees, securing budgets and driving a double‑digit CAGR. Differentiation now centres on immutable‑snapshot efficiency, zero‑trust integration, and automated orchestration that restores business processes within defined service levels. Vendor ecosystems increasingly align with cyber‑insurers, auditors, and channel partners, embedding protection into risk‑management workflows. With regulatory scrutiny tightening and hybrid work normalised, demand for ransomware‑defence solutions is set to outpace security spending throughout the decade.
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TRENDS INFLUENCING THE GROWTH OF THE RANSOMWARE PROTECTION MARKET:
Cloud‑based ransomware protection platforms are propelling market expansion by delivering enterprise‑grade security without capital expenditure or maintenance burdens. Multi‑tenant architectures spread cost across thousands of customers, so even small IT teams gain instant access to behavioural analytics, sandbox detonation, immutable cloud backups, and forensic automation. Continuous streaming of threat intelligence into shared models improves detection fidelity in near real time, shrinking attacker dwell time from days to minutes and speeding automated quarantines. API‑driven onboarding connects endpoints, SaaS applications, and hybrid workloads within hours, accelerating adoption cycles. Subscription pricing converts capital outlays into predictable operating expenses, matching CFO budgeting preferences. As organisations migrate workloads to public clouds, aligning security controls with architectures becomes non‑negotiable, driving sustained demand for cloud‑native ransomware defences.
On‑premise ransomware protection solutions continue to underwrite market growth by satisfying data sovereignty, ultra‑low‑latency, and regulatory audit requirements cloud deployments cannot always meet. Integrated appliances consolidate air‑gapped backup, machine‑learning intrusion detection, hardware‑assisted encryption, and immutable snapshots within a single rack, enabling rapid isolation of malicious processes while preserving operational technology networks. Local execution avoids cloud egress charges for petabyte‑scale file stores and delivers performance critical to healthcare imaging, trading systems, and semiconductor fabs. Seamless APIs plug into SIEM and SOAR frameworks, leveraging existing capital investments and staff expertise. Vendors now bundle “clean‑room” recovery orchestration, allowing instant failover to standby clusters during incidents. As zero‑trust mandates sweep critical infrastructure, controlled gateways remain indispensable, ensuring steady demand for on‑premise ransomware protection platforms.
Small and midsize organisations are emerging as a pivotal demand engine for ransomware protection vendors because they face enterprise‑grade threats without equivalent in‑house expertise. Turnkey endpoint‑plus‑backup bundles with guided remediation workflows transform complex security operations into manageable dashboards, empowering lean IT teams to prevent, detect, and recover. Cyber‑insurance carriers increasingly require documented controls, forcing SMEs to deploy multilayered defences to qualify for premiums. Subscription pricing, distributor leasing, and managed security service provider offerings lower upfront barriers, while automated policy templates assure compliance with ISO 27001 and SOC 2. Because ransomware downtime can threaten survival, board‑level risk appetite converts into orders, translating awareness into revenue. This segment therefore underwrites sustained, high‑volume growth across the ransomware protection market, satisfying business continuity requirements.
Ransomware groups have evolved from simple encryption to multi‑stage campaigns involving credential theft, lateral movement, and double‑extortion data leaks. Human‑operated toolkits such as Cobalt Strike, Mimikatz, and living‑off‑the‑land binaries bypass signature‑based defenses and exploit unpatched services with hands‑on‑keyboard precision. Ransomware‑as‑a‑Service portals lower technical barriers, swelling the pool of threat actors and increasing attack frequency. Privacy‑centric cryptocurrencies reduce traceability, emboldening criminals to demand record‑high ransoms. High‑profile breaches in healthcare, pipelines, and city councils demonstrate catastrophic impact, compelling boards to prioritise dedicated budgets. This relentless tactical evolution guarantees continuous demand for layered, adaptive, and rapidly updated defence platforms capable of countering emerging adversarial techniques globally.
The shift to hybrid and remote work has scattered corporate assets across home offices and public networks, dramatically broadening the attack surface. Employees access sensitive data over consumer routers and unmanaged personal devices while VPN concentrators strain under peak loads, encouraging risky split‑tunnelling shortcuts. Phishing lures tailored to remote staff exploit isolation and deliver ransomware via weaponised documents and collaboration‑tool macros. As distributed work becomes permanent, CISOs deploy endpoint detection, identity federation, and zero‑trust segmentation that travel with the user, not the building. Investment in cloud‑managed protection suites enforcing consistent policy across heterogeneous devices therefore grows inexorably, turning remote work into a structural driver of sustained market demand.
Stringent data‑protection statutes such as GDPR, HIPAA, CCPA, and the proposed EU NIS2 directive threaten crippling fines, personal liability, and class‑action lawsuits for breaches involving sensitive data. Tight notification windows force organisations to maintain continuous breach visibility and immutable evidence. Ransomware, which blends data exfiltration with operational disruption, sits squarely in regulators’ sights. Boards allocate compliance budgets to purpose‑built defences that include automated reporting, chain‑of‑custody retention, and forensic logging. Insurers tighten underwriting criteria around backup immutability and privilege‑access management, effectively mandating investment. Regulatory escalation converts legal exposure into concrete buying decisions, enlarging the addressable market via harmonised expectations.
Soaring cyber‑insurance premiums have prompted stringent security prerequisites. Insurers now demand proof of immutable off‑site backups, multifactor authentication, and continuous monitoring before issuing or renewing policies. Organisations adopt ransomware‑specific protection suites to reduce incident probability and satisfy questionnaires for favourable deductibles. Vendors collaborate with insurers to provide dashboards mapping controls directly to underwriting criteria, streamlining audits. As premiums remain volatile, investment in proven defences hedges against escalating insurance costs, reinforcing recurring demand for protection platforms aligned with evolving actuarial models globally.
For manufacturing, logistics, and healthcare, each hour of downtime means lost production, missed shipments, or compromised patient care. Incidents can trigger contractual penalties and reputational damage far exceeding ransom demands. Organisations now embed recovery time objectives into board‑level KPIs, procuring solutions that detect threats and instantly fail over to isolated clean environments. Immutable snapshots, continuous data‑protection journaling, and orchestrated restore workflows bring applications back within minutes. Some vendors even guarantee recovery windows underwritten by financial penalties. As ransomware shifts from IT nuisance to existential operational threat, business‑continuity‑centric strategies accelerate across global supply chains, anchoring market growth.
Cryptocurrencies‘ anonymity and borderless nature facilitate ransom collection, cementing ransomware as a profitable criminal enterprise. Mixing services, privacy coins, and decentralised exchanges allow actors to launder proceeds with minimal risk, fuelling an upward spiral in attack volume. Regulators debate wallet‑level sanctions, yet payment pressure persists. Proactive investment in hardened endpoints, least‑privilege controls, and immutable backups becomes a cost‑effective alternative to paying ransoms. Vendors integrate blockchain analytics to flag early negotiation indicators. Insurance brokers increasingly exclude payouts through obfuscated crypto channels, intensifying urgency even further; the robustness of illicit infrastructure consequently sustains growth in preventative and recovery‑focused protection spending.
Most small enterprises lack 24×7 security operations centres, so they outsource detection and response to managed security service providers. MSSPs aggregate clients onto shared threat‑intelligence feeds, lowering per‑seat pricing and democratising advanced capabilities. Vendors build multi‑tenant consoles, white‑label reporting, and flexible licensing for resellers, accelerating reach without direct sales overhead. Distributor‑led training certifies partners in rapid deployment and remediation, shortening adoption timelines. Compliance frameworks requiring continuous monitoring position MSSPs as turnkey pathways to meet mandates, boosting partner‑driven revenues. This virtuous cycle between solution providers and service channels reinforces growth in underserved mid‑market segments where expertise remains scarce.
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RANSOMWARE PROTECTION MARKET SHARE
North America commands the largest share of spending thanks to early cloud adoption, stringent breach‑reporting laws, and frequent high‑value incidents.
Europe follows as GDPR fines and sectoral directives anchor consistent investment across finance, healthcare, and manufacturing. Asia–Pacific records the fastest growth, where rapid digitalisation outpaces security maturity and government cyber‑resilience programmes spur adoption among enterprises and SMEs alike.
The major global companies of Ransomware Protection include McAfee, LLC, AO Kaspersky Lab, Bitdefender, FireEye, Inc., Malwarebytes, SentinelOne, Sophos Ltd., Symantec Corporation, Trend Micro Incorporated, Zscaler, Inc, etc.
Key Companies:
McAfee IncAO Kaspersky LabBitdefenderFireEyeMalwarebytesSentinelOneSophos Ltd.Symantec CorporationTrend Micro IncorporatedZscaler
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– The Enterprise Ransomware Protection Market was valued at USD 819 Million in the year 2024 and is projected to reach a revised size of USD 1185 Million by 2031, growing at a CAGR of 5.5% during the forecast period.
– Ransomware Protection Technology Market
– Critical Infrastructure Protection market was valued at USD 105050 Million in 2023 and is anticipated to reach USD 153550 Million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.
– Spear Phishing Protection Market was estimated to be worth USD 808.1 Million in 2023 and is forecast to a readjusted size of USD 1206.8 Million by 2030 with a CAGR of 5.4% during the forecast period 2024-2030.
– Advanced Malware Protection (AMP) Market was estimated to be worth USD 8910 Million in 2023 and is forecast to a readjusted size of USD 19570 Million by 2030 with a CAGR of 11.6% during the forecast period 2024-2030.
– Ransomware Detection and Response Software Market was valued at USD 1340 Million in the year 2023 and is projected to reach a revised size of USD 1734 Million by 2030, growing at a CAGR of 4.2% during the forecast period.
– Malware Removal and Protection Software Market was valued at USD 2486 Million in the year 2024 and is projected to reach a revised size of USD 3049 Million by 2031, growing at a CAGR of 3.0% during the forecast period.
– Advanced Malware Protection Software Market was estimated to be worth USD 8100 Million in 2023 and is forecast to a readjusted size of USD 21600 Million by 2030 with a CAGR of 15.0% during the forecast period 2024-2030.
– IT Resilience Orchestration Automation (ITRO) Software market is projected to grow from USD 335 Million in 2024 to USD 552.6 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period.
– Business Firewall Software Market was valued at USD 2530 Million in the year 2024 and is projected to reach a revised size of USD 4035 Million by 2031, growing at a CAGR of 7.0% during the forecast period.
– Integrated Cloud Email Security (ICES) Market was valued at USD 1414 Million in the year 2024 and is projected to reach a revised size of USD 3680 Million by 2031, growing at a CAGR of 14.8% during the forecast period.
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Technology
SIGGRAPH 2026 Unites Global Computer Graphics Community in Los Angeles With Landmark Keynotes, Inaugural Games Summit, and AI Innovation
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55 minutes agoon
July 24, 2026By
Weeklong Conference Celebrates 53 Years of Advancing the State of the Art in Computer Graphics and Interactive Techniques
LOS ANGELES, July 23, 2026 /PRNewswire/ — The 53rd annual SIGGRAPH conference, the world’s premier conference on computer graphics and interactive techniques, brought together thousands of artists, researchers, developers, and industry leaders from around the globe this week at the Los Angeles Convention Center. From an inspiring keynote by legendary Disney Imagineer Lanny Smoot and the debut of the Games Summit to advancements in artificial intelligence (AI), robotics, neural rendering, Gaussian splatting, and immersive storytelling, SIGGRAPH 2026 reaffirmed its role as the global stage where research meets production and ideas shape the future of the field.
SIGGRAPH 2026 welcomed an international audience of more than 9,500 people from 69 countries, alongside a bustling exhibition floor where companies large and small showcased the latest in computer graphics and interactive techniques, products, and services.
“SIGGRAPH 2026 showed what happens when the world’s technical and creative communities share one space. The lines between computer graphics, physics, and AI are blurring, and this week our attendees turned that convergence into new collaborations, research directions, and ways to tell stories,” said SIGGRAPH 2026 Conference Chair Chris Redmann. “From our first Games Summit to a keynote that reminded us invention is a team sport, this conference celebrated the breakthroughs of today while laying the groundwork for the future of our field.”
A highlight of the week came Monday, 20 July, when Disney Research Fellow and Walt Disney Imagineering inventor Lanny Smoot took the keynote stage with “Inventions, Innovations, and Imagination: Lanny Smoot’s Prolific Path”. Smoot, who holds 107 patents and in 2024 became only the second Disney employee after Walt Disney himself to be inducted into the National Inventors Hall of Fame, traced a career spanning more than 45 years, from Bell Labs breakthroughs to beloved Disney Parks innovations including the HoloTile floor and the extendable lightsaber. His message that successful technical practitioners love to create and want to learn from others resonated with a packed house of attendees at the start of the conference week.
Keynote programming continued throughout the week with three standout sponsored sessions. NVIDIA research and engineering leaders Neil Ashton, Ming-Yu Liu, and Edward Liu explored the next era of graphics through neural rendering, world models, and AI-driven simulation. Bolt Graphics founder Darwesh Singh shared his vision for a GPU architecture built for real-time path tracing, and the research team behind Tripo AI examined how generative 3D is redefining how digital worlds are made.
AI ran through nearly every program at SIGGRAPH 2026, positioned not as a replacement for human creativity but as a creative partner. Technical Papers, Technical Workshops, Courses, and Birds of a Feather sessions connected researchers and production artists on generative workflows, differentiable physics, and world models. NVIDIA dedicated a full day to physical AI, presented 21 papers connecting 3D worlds and robot control, and drew industry-wide conversation with a technical deep dive into DLSS 5 neural rendering.
The inaugural Games Summit brought dedicated programming for game developers to SIGGRAPH. Sessions spanned motion sickness accessibility, destruction systems, performance capture pipelines, and cross-industry collaboration through OpenUSD. Robotics also took center stage across the conference, from research in simulation and motion control to the crowd-favorite Robo Dojo, where attendees guided robots through an immersive training ground on the exhibition floor.
In the Experience Hall, five interactive programs: Spatial Storytelling, the Immersive Pavilion, the Art Gallery, and Emerging Technologies, along with the in-person Hands-On Courses track of the Courses program, had attendees step inside the future of interaction and storytelling. Installations spanned AI-driven art, mixed reality sport, embodied robotics, and spatial narratives of wildfire and memory, while lively discussions on Gaussian splatting explored the future of photorealistic virtual reality.
The Computer Animation Festival, an Academy Award® Qualifying Festival for the “Best in Show” prize, celebrated global storytelling in the Electronic Theater, newly expanded in 2026 to include films longer than 10 minutes, opening the festival to a wider range of filmmakers and formats than ever before. Production Sessions took audiences behind the scenes of “Avatar: Fire and Ash” with Wētā FX and Lightstorm Entertainment, NASA’s “Visualizing the Moon for Artemis II”, Disney and Pixar Animation Studios’ “Hoppers”, and Industrial Light & Magic’s work on “The Mandalorian and Grogu”.
SIGGRAPH 2026 also celebrated this year’s contributors by honoring some “best of” from various programs, including:
Art Gallery
Best in Show — “Sternwerk“
Alvaro Cassinelli, City University of Hong Kong, School of Creative Media; and Tobias Klein, City University of Hong Kong and School of Creative Media
Art Papers
Best Art Paper — “Resonance: Meditative Neural Rhythms as Collective Spatial Experience“
Ruipeng Wang and Behnaz Farahi, Massachusetts Institute of Technology (MIT) and Critical Matter Group, Media Lab; and Yuxiang Cheng and Zhiyan Xing, Harvard University and Critical Matter Group, Media Lab
Computer Animation Festival: Electronic Theater
Best in Show: “Apart“
Pola Maneli, Social Popcorn Films (South Africa, United States)
Jury’s Choice — “18 Months“
Paulo Garcia and Natalia Gouvea (United States)
Best Student Project — “Beyond Words“
Antoine Barbannaud, Théo Merlet, Cyril Buisson, Damien Poncelet, Anthonin Haüy, Timothé Vergught, Mathis De Sauvecanne, Thémys Cheynel, Lilou Tiprez, Leandro Leijnen, and Romain Gueusset with Creative Seeds (France)
Audience Choice — “Saba“
Liron Topaz and Lirit Rosenzweig-Topaz (United States)
Emerging Technologies
Best in Show — “EmerFlux: A Two-Layer Liquid Surface Display for Organic Pixel-Based Aesthetic Representation of Information“
Kaito Shimizu and Toshitaka Amaoka, Meisei University
Audience Choice — “EmoMime: Augmenting Social Behavior and Self-Expression via Wearable Robotic Limbs“
Hideki Shimobayashi, Masaharu Hirose, and Masahiko Inami, RCAST, The University of Tokyo; Tomoya Sasaki, Tokyo University of Science and RCAST, The University of Tokyo; and Arata Horie, RCAST, The University of Tokyo and commissure Inc.
Immersive Pavilion
Best in Show — “Cosmos Unseen: Black Holes“
Marcus Moresby, Aditi Rajagopal, Bhaumik Patel, and Mark Lynch, Atlantic Studios
Real-Time Live!
Best in Show — “Create Interactive 3D Assets in Seconds!“
Ying-Tian Liu, Yuan-Chen Guo, Yumeng Li, Yu-Lin Tsai, and Yan-Pei Cao, VAST; Hanxiao Wang, Institute of Automation, Chinese Academy of Sciences and VAST; and Yi-Hua Huang, The University of Hong Kong (HKU) and VAST
Audience Choice — “Dissectible Anatomy: Embodied Exploration for Education“
Tim McGraw and Jack Myers, Purdue University
Technical Papers
Best Paper Awards
“GimmBO: Interactive Generative Image Model Merging via Bayesian Optimization”
Chenxi Liu and Selena Ling, University of Toronto; and Alec Jacobson, University of Toronto and Vector Institute
“Mixwell: Sharp 2D Fluid Brushes for Progressive Physics-Based Mixing“
Doug James, Stanford University; and Ethan James
“Walk on Decomposed Subdomains: A Hybrid Monte Carlo-Deterministic Solver for Elliptic PDEs“
Clément Jambon, Mohammad Sina Nabizadeh, and Mina Konaković Luković, Massachusetts Institute of Technology (MIT)
“Robust Planar Maps for 3D Vectorization“
Robert Fuchs, Carnegie Mellon University; and Keenan Crane, Carnegie Mellon University and Roblox
“Inverse Rendering for Discrete X-Ray Computed Tomography“
Lovro Nuic, Ziyi Zhang, and Wenzel Jakob, Ecole Polytechnique Fédérale de Lausanne; Korbinian Sager, Carl Zeiss AG
Looking ahead, the global computer graphics community will reconvene for SIGGRAPH 2027, the 54th annual conference, taking place 8–12 August 2027 in Anaheim, California, led by SIGGRAPH 2027 Conference Chair and Walt Disney Imagineer Kristy Pron. For the latest conference news and updates, visit siggraph.org.
About ACM, ACM SIGGRAPH, and SIGGRAPH 2026
ACM, the Association for Computing Machinery, is the world’s largest educational and scientific computing society, uniting educators, researchers, and professionals to inspire dialogue, share resources, and address the field’s challenges. ACM SIGGRAPH is a special interest group within ACM that serves as an interdisciplinary community for members in research, technology, and applications in computer graphics and interactive techniques. The SIGGRAPH conference is the world’s leading annual interdisciplinary educational experience showcasing the latest in computer graphics and interactive techniques. SIGGRAPH 2026, the 53rd annual conference hosted by ACM SIGGRAPH, will take place live 19–23 July at the Los Angeles Convention Center.
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SOURCE SIGGRAPH 2026
Technology
Lyntris Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering
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55 minutes agoon
July 24, 2026By
WASHINGTON, July 23, 2026 /PRNewswire/ — Lyntris Inc. (“Lyntris”), a defense technology company providing “sense-to-act” connectivity solutions for the modern, connected battlespace, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. Certain of Lyntris’s existing stockholders identified in the registration statement are also expected to sell shares of common stock in the proposed offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size, price or other terms of the offering.
Evercore ISI, Citigroup and Guggenheim Securities are acting as lead book-running managers for the proposed offering. BofA Securities is also acting as a joint book-running manager for the proposed offering. Baird, Raymond James and William Blair are acting as bookrunners for the proposed offering. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol “LYNX”.
The proposed offering will be made only by means of a prospectus. When available, copies of the registration statement and the preliminary prospectus included therein may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov or may also be obtained from: Evercore ISI, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone: (888) 474-0200 or by email: ecm.prospectus@evercore.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone: (800) 831-9146; and Guggenheim Securities, LLC, Attention: Equity Syndicate, 330 Madison Avenue, New York, New York 10017 or by email: gsequityprospectusdelivery@guggenheimpartners.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Lyntris
Lyntris is a defense technology company delivering “sense-to-act” connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, Lyntris helps customers to detect threats earlier, decide faster and act with precision in contested, multi-domain environments.
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Technology
TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo
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55 minutes agoon
July 24, 2026By
Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.
NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.
The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.
“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”
“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”
“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”
“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”
Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.
Project Highlights:
Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.
This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.
About TELUS
TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.
For more information, visit telus.com.
For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com
SOURCE TELUS Communications Inc.
SIGGRAPH 2026 Unites Global Computer Graphics Community in Los Angeles With Landmark Keynotes, Inaugural Games Summit, and AI Innovation
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