Geo Week News

May 23, 2012

Hexagon buys visualization software firm

05.23.12.myvr

My Virtual Reality Software makes it possible to view large-scale 3D models remotely

OSLO, Norway – Hexagon, owner of Leica Geosystems and Intergraph, among many other brands, announced today the acquisition of myVR, short for My Virtual Reality Software, a firm based here that makes software allowing for remote viewing of 2D, 3D, and panoramic data on the desktop and mobile devices.

Terms of the transaction were not released.

According to the company’s web site, myVR was founded in 2003 by Rune Fjellvang (CEO at the time of the acquisition) and Stig Ronald Kristiansen (chief software architect), with an aim to enable “high-resolution real-time interactive network streaming of 3D geometry and graphics over networks with even limited bandwidth on any 3D hardware supported client platform, including mobile.”

The largest shareholder at the time of the Hexagon buy was Viking Venture, a Norway-based venture capital firm.

Hexagon did not immediately reply to a question about whether myVR management would remain with the company. SPAR continues to report on this story.

“The acquisition of myVR will be of great value for Hexagon’s current offerings. Everything is going mobile, including our customer offerings,” said Ola Rollén, president and CEO of Hexagon, in a statement. “In the past, the problem with displaying 3D data on a mobile device such as a tablet has been size limitations of data transfers, and also the ability to handle the transfer in a real-time environment. MyVR has a unique solution to this problem, and Hexagon will make use of its technology in all of our divisions.”

MyVR customers include yell.com in the United States, and other European firms delivering streetview-style 3D navigation services as well as sites like visitnorway.com that use the company’s services to try to attract tourists and customers on the basis of the beautiful scenery. They also have customers in the petrochemical, construction, and government industries, which use the technology for internal purposes.

Here’s an example of the company’s technology in action (may not work in some browsers; definitely works in IE and Chrome):

 

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