Verizon has purchased all of the AR and VR technology that was owned by Jaunt, however, details of the deal were not publicly released. The new technology assets will help Verizon bolster its software systems and more. The acquisition is also beneficial to Jaunt, where the Jaunt President & CEO, Mitzi Reaugh, spoke on the deal, "The Jaunt team has built leading-edge software and we are excited for its next chapter with Verizon.”
Jaunt was previously a prominent company in the VR industry, it had collaborated with a number of different organizations to develop AR and VR technology. Additionally, Jaunt had a VR app on many VR platforms, including PlayStation VR, Oculus, Vive, iOS and Android. This means that Verizon will benefit from Jaunt's experience in the industry.
Image Credit: Jaunt
Why This Trend Is Growing
- Vr-software Integration
- The acquisition of Jaunt's VR technology by Verizon presents an opportunity for other tech firms to consider integrating VR into their software systems.
- AR-VR Collaboration Opportunities
- The acquisition of Jaunt's AR and VR technology by Verizon will encourage more collaboration between these two related technologies.
- Growth of VR Industry
- The acquisition of Jaunt's VR technology by Verizon demonstrates the potential for growth in the VR industry and its potential impact on other industries such as entertainment, gaming, and healthcare.
Industries Being Reshaped
- Telecommunications
- Verizon's acquisition of Jaunt's VR technology presents an opportunity for other telecommunications companies to follow suit in the adoption of VR and AR technology.
- Entertainment
- The acquisition of Jaunt's AR and VR technology by Verizon could disrupt the entertainment industry with new immersive experiences and content creation possibilities.
- Game Development
- With the acquisition of Jaunt, Verizon has the opportunity to revolutionize game development and create more immersive gaming experiences for consumers.
