Virtualware Doubles Sales To $ 5.6 Million In 2021, To Increase Workforce By 10%
BILBAO from Spain, Dec. 27 2021 / PRNewswire / – Spain-based Virtualware, Europe’s leading provider of virtual reality (VR) solutions for the industrial and educational sectors, doubled sales in 2021 to reach $ 5.6 million following the signing of several multi-year agreements with international brands active in the energy and transport sectors.
Virtualware’s expansion this year is a testament to the company’s continued growth after the pandemic. It paves the way for a flourishing operation in the virtual reality market 2022.
Virtualware is one of the leading companies in the European landscape of immersive technologies. Founded in 2003 by Unai Extremo and Sergio Barrera, the company was recognized as the most innovative VR company in the world at the last VR Awards last month.
The company, which has worked for 18 years to provide virtual reality technology solutions for industrial sectors, is considered a European pioneer in the industry. It currently employs more than 40 people and plans to increase its workforce by 10% in the first half of 2022.
The company works for companies as important as GE Hitachi Nuclear Energy, ADIF, the Spanish Ministry of Defense, the Spanish Logistics Center, the Basque Country Technology Park Network, Biogen and the Kessler Foundation.
To date, the company has created more than 500 industrial solutions based on virtual reality in 33 countries for large multinationals such as Alstom, Land Rover Jaguar, Iberdrola, Petronas, Repsol, Bayer and Merck.
âThe year 2021 has allowed us to consolidate our value proposition in the virtual reality industry. At a time when the concept of metaverse is more relevant than ever, we want to continue to develop technology to offer solutions that support the real economy. explained Unai Extremo, CEO of Virtualware.
âVirtual reality can improve the physical world in smart and sustainable ways, and our company wants to work to bring breakthrough applications to the metaverse to support even the most sophisticated businesses,â he added.
The company is well known for its patented and award winning VIROO platform. The company has spearheaded the past three years as a new standard for the creation, management and deployment of VR content capable of solving complex problems.
In recent years, when deployed with VIROO, the GE Hitachi Nuclear Energy-owned Fuel Motion VR Simulator has become a standard for safety and training in a complex context.
Virtualware’s flagship product, VIROO, is an unlimited all-in-one virtual reality solution that can create, manage and deploy virtual reality without limits. As an extension, the VIROO room allows several users to work full-scale in the same physical space, a critical breakthrough that will be seen as a must in B2B VR solutions. Additionally, proprietary software allows content creators to manage content for different end users so that companies can use it in complex training and engineering environments.
To date, Virtualware has deployed 18 VIROO rooms around the world, in Wilmington and San jose in United States, Toronto in Canada, Bogota in Colombia, Aguascalientes and Mexico in Mexico, and others in Spain, including in Madrid and the Basque Country.
Earlier this month, GE Hitachi Nuclear Energy (GEH) announced it will use its nuclear virtual reality (VRS) solution tool to help nuclear power plant operators train personnel in shutdown, operation and maintenance work.
Nuclear VRS technology also offers an immersive and interactive look at the BWRX-300, GEH’s innovative small modular reactor.
SOURCE virtual software