Buyout brings new name in virtual reality
A
Virtalis product story
Edited by the Engineeringtalk editorial team
Mar 4, 2003
Manchester-based virtual reality specialist Virtual Presence has been the subject of a buy in management buy out.
Manchester-based virtual reality specialist Virtual Presence has been the subject of a buy in management buy out.
Terms were not disclosed.
The company will now be known as Virtalis, but it will retain its trading operations of VP Integrated Solutions and VP Defence.
The firm has an illustrious history, having sprung out of a government sponsored advanced research centre and later being known as VR Solutions.
Its technical team has been responsible for numerous world firsts in the field over the last decade and has been involved in groundbreaking VR projects in defence, engineering and design.
The new senior management team plans to re-energise and expand the new company, especially on the technical development side.
Prof Bob Stone has been appointed as Chair in Interactive Multimedia Systems at the University of Birmingham, but he will continue part-time at Virtalis, as the company's communications, training and defence specialist.
He commented: "This is an exciting development for the global VR community.
This team is the only multi-sector independent visualisation consultancy and their skills in bringing the latest hardware together with bespoke models will now be brought to a wider audience".
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Virtalis installs second VR system for CNH
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