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ServTech’s VR technology distributed to Europe

ASX News, Technology
ASX:SVT
03 June 2019 22:38 (AEST)

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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 collaboration between users from around the world. Through the virtual environment, users can work on shared projects, achieved through , 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 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.”

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