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Ludia Back in Québec Hands: A new era for Canada’s largest independent mobile game studio

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New Local Ownership to Support Growth, with 50 Jobs Created and Acquisitions Planned

MONTRÉAL, March 4, 2025 /CNW/ – Montréal-based video game studio Ludia is back in Canadian hands following a buyout led by local shareholders and members of its senior management team. The acquisition from U.S.-based Jam City was finalized in recent days, marking a significant milestone for the studio.

As part of this transition, Jimmy Gendron has been appointed Chief Executive Officer, tasked with steering Ludia into a new era of growth and innovation.

“This return to independence marks the beginning of an exciting new chapter for Ludia. I am thrilled about our future, driven by the talent of our team and the support of top-tier financial partners. We now have the opportunity to bring an ambitious vision to life, delivering games that captivate millions of players worldwide,” said Gendron.

Additionally, Alexandre Thabet, who founded Ludia back in 2007, is rejoining the company as a shareholder and will serve as Chairman of the Board.

“It is with great emotion and immense pride that I take part in this announcement today. Thanks to local financial backing and one of the most experienced leadership teams in Canada’s mobile gaming industry, Ludia is poised to move towards its ambitions for the future,” added Thabet.

This transaction is backed by major investors, including Fonds de solidarité FTQ, Investissement Québec, BDC Capital Growth Equity Partners, Export Development Canada (EDC), and Groupe W, with additional support from National Bank. Dominic Bécotte, Ludia’s former Chief Financial Officer, also played a key role in the transaction as a consultant.

A Promising Future for Ludia
With its return to Canadian ownership, Ludia has become the largest independent mobile game studio in the country, further solidifying Montréal and Quebec’s position as one of the world’s top video game hubs. The company’s headquarters, located in the heart of Old Montréal, currently employ over 130 people.

Driven by a growth-focused business plan, Ludia aims to create 50 new jobs over the next year while developing new games. With the backing of its financial partners, the company also intends to explore new acquisition opportunities to fuel its expansion.

Quotes

“Investissement Québec is proud to help bring Ludia’s ownership back to Québec. As a key player in the video game industry, Ludia now has the flexibility to grow and expand internationally while remaining firmly rooted locally. By investing $18,2 million in the company, Investissement Québec is fulfilling its mission to support Québec excellence in key sectors of our economy and foster the creation of world-class champions right here at home.”
— Claude Farrier, Executive Vice President, Private Equity, Investissement Québec

“Thanks to the leadership of Jimmy Gendron and Alexandre Thabet, Ludia is returning to its Québec roots. We are proud to partner with them to support the continued growth of a mobile gaming industry leader founded here in 2007. The Fonds’ investment reflects our commitment to backing local entrepreneurs and growing Québec businesses. Having an engaged and experienced leadership team in place is a major asset—not only for Ludia but also for the future of Québec’s entertainment industry.”
— Saloua Benkhouya, Vice President, Private Equity and Impact Investments, Entertainment and Services, Fonds de solidarité FTQ

“EDC is thrilled to support Ludia’s return to Canada and its promising next phase of growth. With its roots in Québec, Ludia has established itself as a leader in the mobile gaming industry, captivating global audiences with its innovative creations. EDC’s investment will help the company achieve its ambitious goals and showcase the strength of Canada’s digital industry on the world stage.”
— Guillermo Freire, Senior Vice President, Mid-Market Group, EDC

“BDC Growth Equity Partners is proud to join forces with Alex Thabet, Jimmy Gendron, and his team to mark this new chapter in Ludia’s growth. Together, we share the ambition of building a world-class Canadian company. With our extensive experience in this industry, we firmly believe that Ludia, being based in Montréal, can leverage a deep talent pool, an innovative environment, and strong support to drive its development forward. The company is well-positioned for a bright and prosperous future.”
— Maxime Tourangeau, Partner and Regional Team Lead, Growth Equity Partners, BDC Capital

“This is a unique opportunity to invest alongside seasoned professionals who have demonstrated their ability to create successful games. We also seized the chance to bring a company back to Québec ownership—an action that strengthens our local economy and preserves our expertise in this industry.”
— Nicolas Bélanger, Founder and Partner, Groupe W Investissements

About Ludia

Founded in 2007, Ludia is the largest independent mobile game studio in Canada. The studio has established itself as a key player in the industry by developing over 50 games based on popular franchises and original licenses, including Jurassic World Alive, Jurassic World: The Game, Dragons: Rise of Berk, Teenage Mutant Ninja Turtles: Legends, Family Feud, and many more.

Since its inception, the studio has generated over CAD 1.3 billion in revenue, with more than 500 million downloads, and attracts over 3.5 million players each month.

Recognized by Apple as “Canada’s Best Game Maker,” Ludia has also been named among GamesIndustry.biz’s “Best Places to Work 2018” and “Montréal’s Top Employers 2021.” The company employs over 130 people at its headquarters in Montréal.

For more information, visit www.ludia.com.

SOURCE Ludia

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Space Cybersecurity Market worth $8.59 billion by 2031 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Space Cybersecurity Market is expected to be valued at USD 5.52 billion in 2026 to USD 8.59 billion by 2031, at a CAGR of 9.2% during the forecast period.

Browse 200 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on ” Space Cybersecurity Market – Global Forecast to 2031″

Space Cybersecurity Market Size & Forecast:

Market Size Available for Years: 2021–20312026 Market Size: USD 5.52 billion2031 Projected Market Size: USD 8.59 billionCAGR (2026–2031): 9.2%

Space Cybersecurity Market Trends & Insights:

The space cybersecurity market is developing as government and defense organizations, commercial satellite operators, and space agencies require stronger protection for satellite networks, ground infrastructure, communication links, and mission-critical systems. Advances in encryption, identity and access management, threat detection, security analytics, cloud security, and secure satellite communications are enabling space systems to operate more securely against evolving cyber threats. Cybersecurity investments are also supporting wider adoption of integrated security solutions across satellite communications, Earth observation, navigation and PNT, mission planning and control, data processing, and launch operations.The Asia Pacific space cybersecurity market is expected to exhibit the highest CAGR of 12.0% between 2026 and 2031.The services segment is expected to register the highest CAGR of 10.1% between 2026 and 2031.The defense segment is estimated to account for the largest market share in 2026.Thales, General Dynamics Corporation, Viasat, Inc., Leonardo S.p.A., and Booz Allen Hamilton Inc. were identified as some of the key players in the space cybersecurity market (global), given their strong market share and product footprint.CYSEC, SpiderOak Inc., Spaceit, Xage Security, Inc., and QuSecure, Inc., among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders. 

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The market is expanding as defense organizations, commercial satellite operators, and government agencies increase investments in cybersecurity solutions to protect satellites, launch vehicles, ground stations & gateways, command and control centers, and critical space infrastructure. Demand is also being supported by the need for secure satellite communications, protection of mission-critical data, continuous threat monitoring, and operational resilience. Advances in encryption, identity and access management, intrusion detection, secure software architectures, and cybersecurity monitoring are improving protection against unauthorized access and cyberattacks. Modern space cybersecurity systems are also enabling secure software updates, automated threat detection, and stronger protection of interconnected satellite and ground networks. The European Space Agency’s Cyber Security Operations Centre, inaugurated in May 2025, demonstrates the increasing use of integrated cybersecurity monitoring to protect satellites, ground stations, and mission control systems.

The space cybersecurity industry is moving toward standardized security architectures and integrated cybersecurity solutions that can protect multiple space assets through common security systems. This approach enables satellite operators, defense organizations, and space agencies to secure satellites, ground stations, communication networks, and mission control systems while sharing encryption, authentication, threat detection, and security monitoring capabilities. The European Space Agency (ESA) uses a multiplatform cybersecurity architecture with shared security functions across space and ground infrastructure, helping improve security management, reduce integration complexity, and support consistent protection across different space missions.

By asset type, satellite segment to account for largest market share during forecast period

The satellite segment is expected to retain the largest share and register the fastest growth as commercial satellite operators, defense organizations, and government agencies increase investments in protecting satellites against cyber threats. Demand is supported by expanding LEO, MEO, and GEO satellite networks, secure communication requirements, onboard cybersecurity integration, and protection of satellite command systems. In May 2026, the European Space Agency (ESA) highlighted cybersecurity developments under its General Support Technology Programme, including secure onboard computing, encryption, and protected satellite communication systems.

By end user, defense segment to account for largest market share during forecast period

The defense segment is expected to retain the largest market share, based on end user, because military organizations depend on secure satellite communications, navigation, intelligence gathering, surveillance, and mission-critical command systems. Defense space programs require cybersecurity solutions to protect classified information, satellite control networks, communication links, and ground infrastructure against unauthorized access and cyberattacks. Increasing investments in military satellite constellations, secure communication architectures, encryption technologies, and continuous cybersecurity monitoring are supporting demand for satellite protection, threat detection, identity and access management, and mission security services.

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North America to account for largest market share during forecast period

The space cybersecurity market in North America is supported by US defense space programs, commercial satellite deployments, government cybersecurity initiatives, and investments in secure space infrastructure. The region benefits from the presence of companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, Viasat, Inc., and Leidos Holdings, Inc. The National Institute of Standards and Technology (NIST) published NIST IR 8401, providing a cybersecurity framework for protecting satellite ground segment operations and command and control systems. Growing deployment of military and commercial satellites is supporting demand for network security, encryption, threat monitoring, and cybersecurity services across the region.

Thales (France), General Dynamics Corporation (US), Viasat, Inc. (US), Leonardo S.p.A. (Italy), and Booz Allen Hamilton Inc. (US) are among the major players in the space cybersecurity companies. These companies have established distribution and service networks across regions such as North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

See More Latest Aerospace and Defence Reports:

Space-based Data Center Market by Payload (Communication & Data Transfer, Data Processing, Data Storage), Power Capacity (<100 kW, >100 kW-<1 MW, >1 MW), Application (AI/ML, Cloud, Analytics, Data Storage), End User, and Region – Global Forecast to 2040

Space Propulsion Market Size, Share and Trends By Platform (Satellite, Launch Vehicle), Type (Solid, Liquid, Electric, Hybrid), Component (Hall-Effect Thrusters, Biopropellant, Propellant Tanks, Rocket Motor, Nozzle, PPU), End User, Services and Region – Global Forecast to 2031

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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HawkEye 360 Successfully Launches Cluster 16 with Advanced Collection and Downlink Capabilities

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Dedicated satellite cluster introduces advanced antenna technology designed to support simultaneous RF collection and mission data downlink

HERNDON, Va., Oct. 23, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced the successful launch of Cluster 16, a three-satellite cluster featuring advanced antenna technology designed to expand the flexibility and capacity of the Company’s space-based RF collection architecture.

Cluster 16 launched aboard Rocket Lab’s Electron rocket as part of the dedicated mission, “We’re Not Hawking Around,” from Rocket Lab Launch Complex 1 in New Zealand. Following deployment into an inclined orbit, HawkEye 360’s space operations team successfully established communications with all three satellites and began the commissioning process.

The launches of Clusters 15 and 16, deployed just three days apart from launch sites on opposite sides of the world, demonstrate HawkEye 360’s ability to manage a complex global launch cadence. With rideshare capacity increasingly constrained, the Company has secured launch opportunities through 2028 to maintain constellation continuity, preserve flexibility, and support evolving customer mission requirements.

Cluster 16 also includes advanced antenna capabilities supporting the simultaneous collection of multiple RF signal types and mission data downlink. Together, Clusters 15 and 16 are the first HawkEye 360 satellites designed with this capability, increasing collection opportunity while enabling faster delivery of mission data to customers.

Cluster 16 will provide dedicated capacity in support of a HawkEye 360 customer, demonstrating the Company’s ability to configure and operate its space-based collection architecture around defined customer requirements and specific operational priorities.

“Cluster 16 advances both the capability and flexibility of our constellation,” said John Serafini, Chief Executive Officer of HawkEye 360. “Simultaneous collection and downlink allow us to make better use of time on orbit, increasing our ability to collect signals while moving mission data to the ground more efficiently. Combined with dedicated capacity, this gives us another way to tailor our architecture around the operational needs of our customers.”

The three satellites will operate in formation to detect, characterize and geolocate RF signals from space. Once commissioning is complete, Cluster 16 will expand HawkEye 360’s capacity to support defense, intelligence and security missions with timely, shareable signals intelligence.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical signal intelligence to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the U.S. Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of the RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the availability and capabilities of the Company’s products, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s quarterly report on Form 10-Q dated August 14, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

 

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SOURCE HawkEye 360 Inc.

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/R E P E A T — Media Advisory – Parliamentary Secretary Bardeesy to announce investments for research talent, interdisciplinary research and indirect cost of research/

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HAMILTON, ON, Oct. 22, 2026 /CNW/ — On behalf of the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, Karim Bardeesy, Parliamentary Secretary to the Minister of Industry, will announce the results of multiple federal research grants that will help attract and retain talent, strengthen research security and support discoveries.

Parliamentary Secretary Bardeesy will be joined by Normand Labrie, Interim President of the Social Sciences and Humanities Research Council of Canada.

The announcement will be immediately followed by media availability.

Date: Friday, October 23, 2026

Time: 8:45 a.m. (eastern)

Location: Hamilton, Ontario

Members of the media are asked to register at communications@chairs-chaires.gc.ca to receive event location details and confirm their attendance.

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Canadian Science: X, Facebook 

Tri-agency Institutional Programs Secretariat: X- @TIPS_SPIIE and LinkedIn – @TIPS-SPIIE 

SOURCE Government of Canada

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