Image Sourced ShutterStock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • ServTech has entered an agreement with the enterprise resource planning company, Four Bytes, to increase its presence in Europe
  • ServTech’s FrameS technology will be made available to up to 2,700 new clients
  • FrameS is a realtime virtual reality program which allows users to collaborate on shared projects worldwide

Technology services company, ServTech, has entered a deal with a European enterprise resource planning organisation, the Four Bytes Group. The partnership will see ServTech’s VR service software, FrameS, distributed across Europe.

The Managing Director of ServTech, Gianmarco Biagi, said, the company expects it may reach up to 2,700 new clients and unlock a number of new industry sectors, with a combined annual turnover of more than 400 million euros.

The technology FrameS uses virtual reality software to allow realtime collaboration between users from around the world. Through the virtual environment, users can work on shared projects, achieved through the programs visualisation, collaboration and prototyping tool.

The agreement between ServTech and Four Bytes will see the company expand its technology to small to medium businesses and to new manufacturing sectors. As it stands, ServTech’s predominate client base is the luxury, manufacturing and automative industries.

Additionally, the company is working to increase its sales and marketing network and international exposure. This is automotive expected to be achieved through more global partnerships.

The President and Managing Director of Four Bytes, Raffaele De Silvio, said, “we expect a positive take up from the FrameS product across our enterprise and small and medium sized enterprise clients, which is our primary focus as they look to heavily adopt virtual reality solution in the coming years.”

SVT by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical