ASX-listed Vection partners with HP to launch virtual reality solutions

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VR Based solutions | iTMunch

Vection Technologies, a Subiaco-based independent software vendor (ISV) has announced a strategic partnership with multinational IT company HP to co-create a range of groundbreaking virtual reality (VR) solutions. The duo has signed an OEM (Original Equipment Manufacturer) deal to design and launch a line of VR-integrated solutions that will combine HP’s hardware and Vection’s software.

HP & ISV Vection team up for VR solutions

Through the OEM deal signed by Australia-based Vection Technologies and HP, the solutions created will be delivered across a network of more than 170 countries through the global partner network of HP. The Australian Stock Exchange-listed provider of virtual reality software-as-a-service solutions, ISV Vection joined the Independent Software Vendor Partner Program of HP on the Virtual Reality Track back in August 2019.

Previously known as ServTech Global Holdings, Vection Technologies is an Australian ASX-listed firm founded in September 2016. It is the holding company of various wholly-owned subsidized firms such as an outsourced service business in the Philippines and a software development company in India. The company listed on the Australian stock exchange in March 2017 following a $6 million Initial Public Offering (IPO). Post the IP, the company changed its name to Vection after acquiring a Europe-based AR/VR (Augmented Reality and Virtual Reality) software development firm. By combining AR, VR, 3D, Industrial IoT as well as CAD solutions, Vection helps organizations in innovation, collaboration and creating value.

SEE ALSO: Facial recognition & security solutions firm Centaman enters Australia

More about Vection-HP partnership

Head of Global Partnerships at Vection Technologies, Gabriele Sorrento said that partnering and working with HP is yet another significant step in the commercial network development strategy which is aimed at supporting the growth of Vection. Being an HP OEM partner, for Vection, means being able to successfully manage and deliver software and hardware bundles internationally. 

The OEM deal represents a huge step forward for Vection’s commercial operation structure, Sorrento adds. This deal with HP will allow the ISV to pursue an aggressive expansion strategy in addition to giving the ISV an exciting kickstart to the 2nd half of the financial year, says Vection. 

HP’s Business Development Manager of Virtual reality and Data Science (US), Matt Gaiser says that they’re glad to welcome Vection Technologies in its OEM Program. Working with Vection will help the ISV in providing cutting-edge integrated hardware and software service to HP’s enterprise customers. The products of Vection can harness Z by HP workstations along with VR devices to accelerate professional CAD development and foster go-to-market time across several industries, Gaiser adds.

SEE ALSO: Aussie VC fund Square Peg invests AU$12.1 million in AI startup Deci

Image Courtesy: Freepik

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Riddhi Jain is a technology content writer. She is based in India and has been working as a content writer since 2018. Riddhi has been writing content in the tech domain since May 2020 and can’t get enough of it. Riddhi has pursued most of her education from her hometown, Indore. She has graduated as a Bachelor of Business Administration and discovered her love for writing blogs while pursuing an internship during college. Once she discovered her love for writing, she went on to improve this skill set (and hasn’t stopped since).
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