HTC VIVE X Company, Mindesk, Joins ASX Listed Vection Technologies LTD (ASX:VR1)

Following the graduation from VIVE X, HTC VIVE’s global VR/AR accelerator, Mindesk has been acquired by ASX listed Vection Technologies Ltd (ASX:VR1).

HTC Vive will join Vection Technologies as an institutional shareholder supporting the combined group as they accelerate in their strategy towards market dominance across real-time technologies.

“We are grateful to have had the opportunity to back Mindesk since their early days and share the team’s excitement about the possibilities this acquisition could unleash for Vection Technologies and their customers globally.” said Pearly Chen Vice President of Business Development at HTC.” We are firm believers of the many positive ways virtual reality will transform how we work, collaborate, and connect with one another. It is great to see validation of Mindesk’s vision of accelerating productivity with real-time technologies and we look forward to supporting their joined journey onwards as a new shareholder of Vection Technologies.”

Mindesk is a multinational SaaS company that develops a Real-Time 3D design platform that integrates with existing commercial CAD software to extend their operations to the third-dimension: Virtual Reality, Augmented Reality, Real-time rendering, and Multi-user collaboration.  

Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation. Through FrameS, a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD solutions, Vection helps companies and organizations to innovate, collaborate and create value.