Since its founding in 2004, the Biscayan technology company Virtualware has established itself as one of the most prominent companies with the greatest projection in the virtual reality sector. Last week, in fact, she achieved what is quite a milestone for her: debuting on Euronext, the Paris Stock Exchange, and doing so with a value of 27.25 million euros, or what is the same at six euros. per share.
In order to get here, nearly two years of negotiations have been needed. With the help of Solventis, as listing promoter, and Banco Sabadell as agent. Virtualware will trade under the fixing modality. Or what is the same, the price will be executed two days after the crossing of each purchase and sale operation.
Almost twenty years being, also, a pioneering VR company in Europe where it has developed platforms for prominent companies from very different sectors. Between these, energy, education or medicine.
The IPO represents a turning point in Virtualware’s trajectory. This took place at the hands of Unai Extremo, CEO, and Sergio Barrera, Director of Technology, who presided over the listing ceremony in the La Defense district. The event was also attended by Pablo Pérez-Orive, listing manager of Euronext in Spain, as representative of the French Stock Exchange.
Pioneering company in Virtual Reality
Since its creation. virtualware focused VR to the industry sector helping you to take advantage of all the benefits that virtual reality can bring to the management and production of these companies. One of his great projects has been to participate in the construction of a nuclear power plant for Hitachi.
Virtualware closed 2022 with 3.2 million euros in sales and a profit of 400,000 euros. In his already long career, he accumulates 300 projects for more than 50 clients.
At this point, What is the next step that Virtualware hopes to take? Continue expanding around the world. And it is that the Basque company not only has offices in Bilbao, but also in Hamilton, Canada, from where it seeks to open business in the country and in the US.
Its CEO, Unai Extremo, has declared: “Virtualware’s IPO marks a turning point after 20 years of effort and dedication, consolidating our success so far and marking a solid path for the future (…) this achievement underlines the strength of our company and positions us to take advantage of even more growth and expansion opportunities in the coming years.”
Virtualware has evolved greatly since its inception, when even virtual reality was still unknown both to users and especially to companies in terms of its applicability. Today, its flagship product is the VIROO platform, a pioneer of VRaaSwhich puts virtual reality at the service of companies and institutions of all sizes and sectors.
A solution that helps the development and deployment of applications of remote multi-user virtual reality. More than 40 companies and institutions around the world already use it, including GE Hitachi Nuclear Energy, Ontario Power Generation, Gestamp, ADIF, the Spanish Ministry of Defense, the Technological University of El Retoño and the EAN University
With her, a company can work in several places in the world at the same time and on the same project virtually. Being able to create a scenario with certain conditions to know the behavior of the industrial project
