VIROO & Simumatik win big on Virtual Reality Day, driving Industry 5.0 with faster, sustainable, and precise innovation!
Corporate
Spanish-listed company Virtualware (EPA:MLVIR) has agreed to acquire Swedish corporation Simumatik AB for 1.37 million euros.
This partnership establishes HTC VIVE as an official distributor of the VIROO Enterprise XR Software Platform and applications in North America.
At AES 2024, in collaboration with 302 Interactive, the Orlando-based development studio recently appointed as a Value-Added Reseller (VAR), they will highlight VIROO’s latest features to help companies in the U.S. fully integrate XR into their workflows, enhancing productivity and streamlining processes:
American equity research firm Litchfield Hills Research has just released its newest analysis of Virtualware (ENXTPA: MLVIR), in which it raises its Buy recommendation from €10.00 to €12.00 per share.
Virtualware is set to showcase its cutting-edge VIROO, at the upcoming Driving Simulation Conference (DSC) Europe 2024, a key event for engineers and OEMs to demonstrate how the VR platform is revolutionizing automotive design and training.
Virtualware marks 20 years of innovation as a finalist in three categories at the 8th International AIXR XR Awards, highlighting its impact in the XR industry.
Virtualware has partnered with Invia Digital a cutting-edge provider of digital twin technology and intelligent systems in a move to expand VR use across the U.S. market.
Virtualware recorded revenues of €2.034 million in the first half of 2024, a growth of 28.09% over the same period last year.
Virtualware joins the Spanish association Inmersiva XR in a move to promote the application of VR technologies in the industrial sector.