STOCK TITAN

VirBELA Announces Collaboration with HTC VIVE to Introduce VIVE Campus, Redefining the "Next Normal"

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

VirBELA has partnered with HTC VIVE to launch VIVE Campus, part of the new XR Suite aimed at enhancing virtual collaboration. Expected in Q3 2020, this suite includes five applications designed for remote work, productivity, and social interaction. This partnership aligns with increasing enterprise VR demand, allowing users to work seamlessly from anywhere. VirBELA's platform supports thousands of simultaneous users, enabling efficient content sharing and collaboration. This strategic collaboration aims to redefine business interaction in a socially distant world, catering to both enterprises and educational institutions.

Positive
  • Launch of VIVE Campus, enhancing remote collaboration and productivity.
  • Partnership aligns with growing enterprise demand for VR technology.
  • VIVE XR Suite supports thousands of users, facilitating effective collaboration.
Negative
  • None.

LA JOLLA, Calif. and TAOYUAN CITY, Taiwan, June 16, 2020 /PRNewswire/ -- VirBELA, an immersive technology platform for business, events and education, and HTC VIVE, a premier virtual reality (VR) platform and global leader in innovative technology, today announced a partnership to introduce VIVE Campus, a branded virtual campus which will be a part of HTC VIVE's new XR SUITE, a set of five software products targeted to launch in Q3 2020 in China, with additional regions to follow throughout the year.

VirBELA allows businesses to collaborate in a 3D immersive world and is redefining the future of work through the virtual reality experience, allowing members to scale their businesses and ideas faster, more efficiently and sustainably - removing the need to travel by bus, car or plane. VirBELA campuses support thousands of users simultaneously with integrated browsers to share content, media, cloud applications, desktop sharing and webcam live streaming. VIVE Campus is coming at the perfect time, with virtual reality gaining traction in enterprise - more businesses are looking to tap the technology, driving enterprise VR hardware and software revenue way up.

Comprised of five separate applications covering remote collaboration, productivity, events, social and culture, the VIVE XR Suite gives users the tools they need to overcome the new challenges faced while working and living in a socially distant world. This integrated application bundle will provide a seamless experience for the consumer and business user. As our new normal is forcing the world to change the way people interact in life and work, the VIVE XR Suite will enable users to remove the physical distance that separates them, while allowing them to maintain our humanity and productivity. Users can easily access the VIVE XR Suite applications through HP products and experience the freedom to work from anywhere and at their own schedule.

"VirBELA is proud to be part of VIVE's XR Suite and provide a collaborative virtual environment for events, training, recruiting, onboarding, sales and partner collaboration, and enterprise engagement around the world," said Alex Howland, Founder and President of VirBELA. "We look forward to our partnership with HTC as we work together to define the future of events, learning and work."

"We are extremely excited to be partnered with the best-in-class solutions providers to create this integrated software bundle," said Alvin Wang Graylin, China President, HTC. "These partners represent the leading firms nationally and globally in their fields. By working together with so many leading companies, we are confident we will be able to make a real impact in accelerating VR adoption near term and ultimately enabling an XR-powered global workforce."

VIVE Campus, powered by VirBELA, will revolutionize the way the VR world operates, providing a safe place for members to learn, grow and collaborate. VIVE Campus will be featured by leading companies in various industries including, Baidu, Hewlett-Packard, Burson Cohn & Wolfe, Engage, VSTECS and Activation Group.

About VirBELA and eXp World Holdings
eXp World Holdings, Inc. (Nasdaq: EXPI) houses VirBELA and eXp Realty. VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. Access to VirBELA's Open Campus is free, while private collaboration spaces start at $100 per month and private campuses start at $2,500/month.  For more information, visit the company's website at virbela.com.

eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing, global residential real estate company with more than 30,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

For more information, visit the company's website at www.expworldholdings.com.

About HTC VIVE
HTC Vive is the premier virtual reality (VR) platform and ecosystem that creates true-to-life VR experiences for businesses and consumers. The Vive ecosystem is built around premium VR hardware, software, and content. The Vive business encompasses best-in-class XR hardware; VIVEPORT platform and app store; VIVE Enterprise Solutions for business customers; VIVE X, a $100M VR business accelerator; VIVE STUDIOS, an entertainment, gaming, and enterprise content studio; and VIVE ARTS for cultural initiatives. For more information on Vive, please visit www.VIVE.com.

Media Relations Contact
Amanda Schlussel
Krupp Kommunications
973-493-7839
aschlussel@kruppnyc.com

"Cision" View original content to download multimedia:http://www.prnewswire.com/news-releases/virbela-announces-collaboration-with-htc-vive-to-introduce-vive-campus-redefining-the-next-normal-301078175.html

SOURCE VirBELA

FAQ

What is VIVE Campus by EXPI?

VIVE Campus is a virtual campus launched by VirBELA in collaboration with HTC VIVE, aimed at enhancing remote work and productivity.

When will the VIVE XR Suite be launched?

The VIVE XR Suite, which includes VIVE Campus, is expected to launch in Q3 2020.

How does the partnership between VirBELA and HTC VIVE benefit businesses?

The partnership enables businesses to leverage immersive technology for collaboration, allowing efficient operations without the need for physical travel.

What applications are included in the VIVE XR Suite?

The VIVE XR Suite comprises five applications focused on remote collaboration, productivity, events, social, and culture.

How does VIVE Campus cater to educational institutions?

VIVE Campus provides a collaborative virtual environment for events, training, and learning, benefiting educational institutions as well as businesses.

eXp World Holdings, Inc.

NASDAQ:EXPI

EXPI Rankings

EXPI Latest News

EXPI Stock Data

1.96B
78.09M
49.18%
38.42%
13.76%
Real Estate Services
Real Estate Agents & Managers (for Others)
Link
United States of America
BELLINGHAM