PLEXSYS and ImmersaVIEW Announce Merger
ORLANDO — ImmersaVIEW has completed sales of all shares to PLEXSYS Interface Products, Inc. The merger with PLEXSYS cements ImmersaVIEW’s goal to enter the defense simulation and training industry.
Australian-based ImmersaVIEW established their North American operations last year in the UCF Business Incubator in the Central Florida Research Park as a Soft Landing client to tap into the military simulation and training industry. Dr. Alex Streit, CEO and Co-Founder of ImmersaView, relocated to Orlando to focus on the U.S. office.
“This merger brings together 30 years of PLEXSYS and 10 years of ImmersaView successes,” states Ron Wiegand, PLEXSYS CEO. “Live Virtual Constructive (LVC) training value is found in the ability of warfighters to plan, brief, execute and debrief together. Integrating ImmersaView’s advanced display and Video/Audio/Data After Action Review (VADAAR) software technologies brings innovation and efficiency to Service, Joint and Combined readiness training. Simply put, VADAAR LVC will provide scalable, distributed after-action review capabilities for individuals, teams and entire distributed networks.”
The global LVC community will directly benefit from this merger. “Immediately, simulator and operations centers will have the opportunity for elegant, more cost efficient and better display capabilities,” says Dr. Andy Boud, Director and Co-Founder of ImmersaView. “Additionally, starting in mid-2017, LVC stakeholders across the globe can take advantage of the most capable, lowest cost, easy to use, distributed after-action review software designed to meet LVC and fifth generation readiness training requirements.”
The companies offered VADAAR LVC (Beta version) demonstrations for the first time at the Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) in Orlando Nov. 28 – Dec. 2, 2016.
“As a result of this merger, ImmersaView will place greater emphasis on U.S., Australian and U.K. defense and commercial markets,” Dr. Strait said.
PLEXSYS and ImmersaView will continue to operate in parallel under existing company and solution branding. PLEXSYS headquarters remains in Camas, Washington, and ImmersaView will add staff to their Orlando, Fla. and Brisbane, Australia offices to expand business development and product development capacity.
* * *
For more information contact
Dr. Alex Strait, CEO, ImmersaView, 650-296-7360, alex.strait@immersaview.com
Carol Ann Dykes, Site Manager, UCF Business Incubation Program, 407-207-7426, carolann.dykes@ucf.edu
Larry Vershel or Beth Payan, Larry Vershel Communications Inc 407-644 4142 lvershelco@aol.com
About ImmersaView
Started in 2006, ImmersaView has evolved to become a global leader in visualization software, with offices in Brisbane, Sydney, London and Orlando. Whether in software or strategy, ImmersaView has the industry insight, passion and expertise to deliver technology solutions that streamline the way you manage your visual, audio and sensory assets. For more information, please visit: www.immersaview.com
About PLEXSYS
Founded in 1986, PLEXSYS Interface Products, Inc., a 100-percent employee-owned company, concentrates on the development of LVC environment generation technologies used throughout USAF Distributed Mission Operations and other high fidelity simulations. PLEXSYS serves clients in defense, government, commercial and academic sectors with customized and off-the-shelf LVC technologies, mission brief/debrief technologies, and synthetic communications training solutions. For more information, please visit: www.plexsys.com
About the UCF Business Incubation Program
The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has helped hundreds of local startup companies reach their potential faster by providing vital business development resources.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia Counties, and the cities of Apopka, Kissimmee, Orlando, and Winter Springs. Participating companies sustain more than 3,600 local jobs and have had a total impact of $1.51B on regional sales and $2.48B on regional economic output. During the last fiscal year, the program has returned $7.95 for every $1.00 invested in the program. For more information, visit www.incubator.ucf.edu.
