Waterford virtual reality tech company VR Education Holdings oversaw an 83% increase in revenues during the first half of 2021 and is expanding to the Middle East and China.
Accelerated demand for its Engage platform has primarily led the rise, with the company serving over 130 commercial clients at the moment. The company provides virtual communications to enable its users to create, share and deliver content for education, training, and online events through the Engage platform.
Recently, the company expanded its operations to the Middle East through commercial agreements in the United Arab Emirates. One of the contracts is for a global event for 12 international police forces, and the other is for a commercial license with custom development work. The company has also joined forces with HTC Corporation to sell Engage in the Chinese market with HTC’s new virtual reality headset.
“The first six months have seen the continued growth of Engage, building on the trends of 2020, as more and more companies and organizations around the world see virtual reality as a better way of communicating,” said David Whelan, CEO of VR Education. “The pandemic has had a major impact on the use of Engage, which is set to continue as the technology becomes more accessible, and the drive to live more sustainably, and reduce travel, picks up pace.”
“We have seen major developments in the first six months, including the rollout of our software in China through our partnership with HTC, passing the milestone of 100 commercial customers, and VR Education Holdings entering new markets, including the Middle East,” he added.
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