BILBAO, Spain, Feb. 16, 2023 (GLOBE NEWSWIRE) — Spanish technology company Virtualware, one of the European leaders in the virtual reality industry, will list on the Paris Stock Exchange in the coming weeks.
To this end, it has already submitted the corresponding application to Euronext, the pan-European stock exchange that combines the Paris, Amsterdam, Brussels, Oslo, Milan and Dublin stock exchanges.
Virtualware, founded in 2004, is one of the pioneer companies in the field of Virtual Reality, where its team of more than 50 people has already developed more than 500 projects in more than 33 countries. It is headquartered in Bilbao, Spain and has a North American office in Hamilton, Canada.
Over the past decade and a half it has developed immersive solutions aimed at the industrial world and counts among its customer base multinationals and institutions such as GE Hitachi, Ontario Power Generation, Petronas, Iberdrola, Alstom, Guardian Glass, Gestamp, Danone, Johnson & Johnson, Biogen, Bayer, ADIF, the Spanish Ministry of Defence, El Retoño Technical University or EAN University, just to name a few.
After approval by Euronext, the IPO will take place in the access segment and will follow a year and a half of preparation.
Virtualware CEO, Unai Extremo stated, “This is an important step in our journey to grow and expand our business globally, particularly in the US and European markets, bringing a community of stakeholders to our mission.”
At the end of 2021, the company, whose majority shareholders are its CEO Unai Extremo and Sergio Barrera, its CTO or Chief Technology Officer, was recognized as the world’s most innovative company at the VR Awards 14 months ago.
Its product VIROO, the world’s pioneering VR as a Service (VRaaS) platform, makes virtual reality accessible to companies of all sizes and industries. It is an all-in-one digital solution that enables the development and deployment of multi-user virtual reality applications remotely.
VIROO has received a patent in the United States and won Best Enterprise Virtual Reality Solution at the VR Awards 2019. The platform is already used by companies worldwide and has been used to develop strategic projects for departments of defense or training projects for critical infrastructure. VIROO has set itself the goal of becoming the global standard for the development of industrial virtual reality applications.
Virtualware also takes a stake in Evolv, a medical and digital health device manufacturer specializing in the development of rehabilitation solutions based on immersive technologies.
According to the company’s annual report published at the end of 2022, in recent months the company has obtained ISO 27001 certification and signed contracts with leading international organizations such as Ontario Power Generation, Gestamp, Janssen, Invest WindsorEssex and the University of El Salvador , and started working together with Microsoft to attend events in the United States.
The company will announce the exact listing date and valuation in the coming weeks.
Pictures:
Photo of Unai Extremo, CEO
https://www.virtualwareco.com/wp-content/uploads/2019/05/DSC0703.jpg
Photo of the VIROO room in operation:
https://www.virtualwareco.com/viroo/wp-content/uploads/2022/04/Spanish_Military_VR_Simulator_For_Medical_Training_VIROO_1024-1.jpg
Website: https://www.virtualwareco.com/
For more information or to request an interview with Unai Extremo, Company CEO, please write to David Moreno, CMO ([email protected]) or Ramón Pedrosa, dircom ([email protected] ), or call us at +682643536.
