When Hiroaki Miyahara was managing the Kobe branch of Gakken Classroom (a division of education and welfare services provider Gakken Holdings), in January 1995, he learned a valuable lesson that has remained with him ever since. The earthquake that devastated the city left the business in a precarious position. Yet…
Gakken Holdings Co Ltd (Hiroaki Miyahara, President and Representative Director) has acquired GPlusMedia Inc from Fuji Media Holdings Inc, effective April 1. GPlusMedia, a pioneer media company targeting the international community in Japan and abroad, operates several leading English websites such as Japan Today, which publishes news from Japan and…
Neil Armstrong s famous line: “That’s one small step for man.” could well be quoted by space enthusiast David Whelan and his wife Sandra whose own “giant leap” came last year when their virtual reality company, VR Education, received a €3m investment from global tech firm HTC.
In exchange for a 20pc stake in the Irish business, the deal with HTC includes a strategic partnership for the distribution and licensing of the company’s Engage platform globally – including in China.
VR Education develops virtual reality (VR) training and education products that make it easier to collaborate on tasks remotely, create content and learn. Demand has exploded during the Covid-19 lockdowns and its biggest regions for sales are the United States and Asia, according to Whelan.
Revenue increased by 38pc to €1.4m, according to annual results.
VR Education develops virtual reality (VR) training and education products that make it easier to collaborate on tasks remotely, create content and learn.
Demand for remote working and remote learning tools has exploded during the Covid-19 lockdowns.
The performance last year was driven by a “significant increase” in new clients and activity on the company’s Engage platform.
Revenue from Engage – the company’s flagship product – was up 550pc to €600,000 following the imposition of global pandemic lockdowns.
The company said there has been an acceleration in demand for the Engage platform and it has partnerships with major organisations including HTC, Sky Ireland, Tokyo Global Gateway and Victory XR, a provider of VR and AR education solutions.