Faro takes stake in VR firm

Posted on 26 May 2018 and read 279 times
Faro takes stake in VR firmThe 3-D measurement and imaging company Faro (www.faro.com) recently announced a minority investment in Present4D GmbH, which provides software solutions for “professional virtual-reality (VR) presentations and training environments”.

Simon Raab, Faro president and CEO, said: “We are very excited to have Present4D as a strategic partner; the company is uniquely positioned to drive the adoption of virtual-reality solutions across a broad spectrum of business and industrial applications.

“This investment is an important part of our innovation strategy with VR tools and applications in our target vertical markets.

“The market potential for these powerful presentation and training tools, which can incorporate augmented 3-D point-cloud data, is very promising.

“We look forward to a very close and creative partnership that we believe will be beneficial to Faro’s customers.”

Markus Prenneis, founder and CEO of Present4D, said: “Faro will bring significant value through its global network, as well as its software and industrial technology expertise.

“We will invest in software engineering and product development to accelerate the market penetration of our VR-Suite presentation software.

“The partnership brings us one step closer to our vision of providing one of the best business solutions for multimedia VR presentations and training environments in the market.”

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