US-based Virtual and Augmented Reality company expands global presence with an Australian hub
SYDNEY, Feb 14, 2022 - (ACN Newswire) - The Glimpse Group ("Glimpse"), a diversified, Nasdaq listed, Virtual Reality and Augmented Reality ("VR and "AR") platform company providing enterprise-focused VR and AR software and services solutions, announced their newest operating hub Glimpse Australia. This follows the successful acquisition by Glimpse of Augmented Reality Investments Pty Ltd's assets, an Australia-based company ("Auggd") in August 2021.
Auggd provides AR software and services to the Architecture, Engineering, and Construction Industry ("AEC") in Australia, Europe, the Middle East, and the US. Since its inception approximately eight years ago, Auggd has generated over $2 million in aggregate revenue and has successfully deployed hundreds of mobile AR apps across a broad range of industry sectors.
Matthias Krampe, General Manager of Auggd under Glimpse commented, "We are thrilled to launch Glimpse Australia after Auggd joined Glimpse's diverse and robust ecosystem of VR and AR companies. Australian clients now have the opportunity to leverage Glimpse's technology solutions, and in turn, open the Australian enterprise market to Glimpse's VR and AR subsidiary companies."
Auggd's existing operations and clients serve as the initial base of operations for Glimpse Australia. Current Australian client examples include Laing O'Rourke, ADCO, GPJ, PwC, and AV Jennings.
Lyron Bentovim, President & CEO of The Glimpse Group said: "The AEC market represents a significant strategic market opportunity for Glimpse.
Mr. Bentovim continued: "Auggd has built a respected reputation in Australia with clients across industries that also include automotive, consumer goods and technology, sales and marketing, and education. We see tremendous growth potential in the Australian market and look forward to future partnerships."