Spain-based Virtualware, the leading European provider of virtual reality (VR) solutions for industrial and educational sectors, doubled its sales in 2021 to $5,6 million following the signing of several multi-year deals with international names operating in the energy and transport sectors.
This year's expansion of Virtualware attests to the firm's sustained growth after the pandemic. It sets the stage for a thriving operation in the 2022 virtual reality market.
Virtualware is one of the leading companies in the European immersive technologies landscape. Founded in 2003 by Unai Extremo and Sergio Barrera, the company was recognized as the world's most 'Innovative VR Company' at the latest edition of the VR Awards last month.
The company, which has been working to provide virtual reality technology solutions for industrial sectors for 18 years, is regarded as a European pioneer in the industry. It currently employs more than 40 people and plans to increase its workforce by 10 percent in the first half of 2022.
The firm has created over 500 VR-driven industrial solutions to date in 33 countries for large multinationals such as $ALSTOM UNSP ADR EACH REPR 0.10 ORD(ALSMY.US)$, Land Rover Jaguar, $IBERDROLA SA SPON ADR EACH REP 4 ORD(IBDRY.US)$, Petronas, Repsol, Bayer, and Merck.