Virtual reality
present4D wins Faro as a strategic investor
present4D, software solution provider for professional VR presentations and training environments, has received a strategic minority investment from Faro. Faro is a leading global provider of 3D metrology and imaging solutions for manufacturing, building and construction, product design and public safety.
"We are very excited to have present4D as a strategic partner, uniquely positioned to drive the adoption of virtual reality solutions for a broad range of business and industrial applications," said Dr. Simon Raab, President and CEO of Faro. "This investment represents a unique opportunity for Faro and 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 that can integrate advanced 3D point cloud data is very promising. We look forward to a very close and creative partnership between our development teams, which we believe will be beneficial to Faro's customers. "
"We are excited to partner with Faro to support our next phase of growth," said Markus Prenneis, founder and CEO of present4D. "Faro will bring us significant benefits through its global network and expertise in software and industrial technology. We will use the investment proceeds for the necessary investments in software and product development to accelerate the market penetration of our unique and easy-to-use presentation software, the "VR-Suite". The partnership brings us a step closer to our vision of offering one of the best business solutions for multimedia VR presentations and training environments on the market."
present4D's VR suite uses 360° videos and 360° images with integrated POIs, links, audio information and objects to provide an immersive VR experience for a variety of business applications. The intuitive concept and functionality of the VR suite complement each other in combination with Faro's VR-enabled solutions Scene 7.1 and Faro Zone 3D 2018. kp
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