Accenture Invests in Transparent Computing Company Mobeus

Rhea-AI Summary

Accenture (NYSE: ACN) has strategically invested in Mobeus, a technology firm focused on immersive experiences through transparent computing. Mobeus, founded during the COVID-19 pandemic, aims to create interactive experiences for enhanced human connection using devices people already own. Their first product, Airglass, transforms video conferencing by overlaying multi-media content, facilitating more engaging meetings. This investment reinforces Accenture's commitment to innovation in enterprise technology, connecting startups with clients to address strategic innovation gaps.

Positive

• Strategic investment in Mobeus enhances Accenture's portfolio in immersive technologies.
• Mobeus' Airglass product improves video conferencing engagement.
• Partnership may position Accenture favorably in the evolving metaverse landscape.

Negative

• Terms of the investment were not disclosed, which may raise concerns about financial exposure.

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE: ACN) has made a strategic investment through Accenture Ventures in Mobeus, a technology company pioneering immersive experiences through transparent computing. Headquartered in New Jersey, Mobeus Industries, Inc. is developing frictionless technology to enhance how people connect and communicate.

Accenture has made a strategic investment through Accenture Ventures in Mobeus, a technology company pioneering immersive experiences through transparent computing. (Photo: Business Wire)

Mobeus was founded during the COVID-19 pandemic, accelerating the need for remote, on-demand meetings. With businesses and employees increasingly using video conferencing technologies, studies show that there are still opportunities to foster deeper human engagement. Mobeus’ goal is to create highly immersive, interactive experiences that enhance human engagement and positively impact relationships through devices people already own.

“Mobeus’ transparent computing technology will enable the layering of multi-media content, including audio, video, and documents via any application and on any device,” said Tom Lounibos, managing director, Accenture Ventures. “For example, people on video conferencing calls will be able to display and point to documents, while still visible to others on-screen behind the documents, resulting in more connected, engaging meeting experiences.”

Airglass is the first product from Mobeus, a video and audio communications tool intended to enhance virtual meetings by using transparent computing—a user-centric computing paradigm in which the hardware and software are separated in different places—to convert desktop software into a transparent, glass-like layer, giving the user the impression that they are looking beyond the display screen.

“Our goal is to transform experiences for our clients and their customers, creating dynamic and trusted ways to collaborate, communicate and transact,” said Glen Hartman, managing director, Accenture Song. “Customers have one powerful message to companies: ‘my life and needs are changing faster than ever.’ Working together, Accenture and Mobeus are addressing these needs by making technology experiences more engaging and useful. We also see the potentially meaningful role that Mobeus’ technology can play in the evolution of the metaverse continuum.”

Forming a glass-like layer atop any application in use, Airglass is designed to remove the need to minimize, move and restore windows, thus empowering anyone to meet and work at the same time. Whether sending notes within a messaging program or creating a presentation with a graphic design platform, subscribers can alter the Airglass Glasstop’s (i.e., home screen’s) transparency, darkening or illuminating it so that focusing is seamless.

Mike Sutcliff, co-founder and CEO of Mobeus, said, “Mobeus is transforming the trajectory of business and personal communication by enhancing how we connect, share ideas, and get things done. In an era of global teams and remote workers, the loss of in-person communication has taken a toll on collaboration and connectivity. Our first product, Airglass is an exciting new category of transparent computing that makes meetings more engaging, immersive, and productive. With Accenture’s support, we’re in an even better position to pioneer a new era of human connection.”

Mobeus is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program focused on investing in companies that create or apply disruptive enterprise technologies. In addition to funding, Project Spotlight connects emerging technology startups with the Global 2000 to fill strategic innovation gaps and offers extensive access to Accenture’s domain expertise and enterprise clients, helping startups harness human creativity and deliver on the promise of their technology.

Earlier this year, Accenture formed the Accenture Metaverse Continuum business group, which combines metaverse-skilled professionals and market-leading capabilities in customer experience, digital commerce, extended reality, blockchain, digital twins, artificial intelligence and computer vision to help clients design, execute and accelerate their metaverse journeys.

Terms of the investment were not disclosed.

About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 721,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

About Mobeus
Headquartered in New Jersey, Mobeus Industries, Inc. is a human connections company seeking to reduce people's friction with the technology around them. Mobeus believes that technology should enhance humanity and positively impact the relationships between people. The company's solutions enable a novel form of expression so that communication is clearer, comprehension is sharper, and human connections are more profound. Learn more at mobeus.com.

Copyright © 2022 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221215005182/en/

Rosie Milton-Schönemann

Accenture

+44 77 6928 6484#

rosie.milton@accenture.com

Source: Accenture

FAQ

What is Accenture's recent investment related to ACN?

Accenture has invested in Mobeus, a technology company focused on transparent computing.

How might Mobeus' technology impact businesses?

Mobeus aims to enhance communication and collaboration through immersive experiences, potentially transforming business interactions.

What is Airglass and how does it relate to Accenture's investment in ACN?

Airglass is Mobeus' product designed to improve virtual meetings by overlaying content, which aligns with Accenture's focus on innovative enterprise technologies.

When was the Accenture investment in Mobeus announced?

The investment was announced recently, although the exact date is not specified in the PR.

What benefits does Accenture see from its investment in Mobeus?

Accenture sees potential in Mobeus' technology for enhancing human engagement and addressing the evolving needs of clients in a digital world.