FARO has made a strategic minority investment in present4D GmbH, a leading software solutions provider for professional virtual reality (VR) presentations and training environments.
“We are very excited to have present4D as a strategic partner, which is uniquely positioned to drive adoption of virtual reality solutions across a broad spectrum of business and industrial applications,” stated 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, which can incorporate augmented 3D point cloud data, is very promising. We look forward to a very close and creative partnership of our development teams that we believe will be beneficial to FARO’s customers.”
(Continued on next page)