Sector 5 Digital Joins Forces with VR/AR Platform Company,
The Glimpse Group
[FORT WORTH, TX / December 3, 2021] The Glimpse Group, Inc. (“Glimpse”), a Nasdaq listed, diversified Virtual Reality (“VR”) and Augmented Reality (“AR”) platform company providing enterprise-focused VR and AR software and services solutions, announced that it has entered into a definitive agreement to purchase Sector 5 Digital (“S5D”), a leading immersive technology company.
S5D will now have access to approximately 70 additional software developers, engineers and 3D artists through other Glimpse subsidiary company’s and is expected to be able to leverage many other areas of expertise within Glimpse. Jeff Meisner, S5D’s co-founder and CEO, will continue as its General Manager post acquisition and join Glimpse’s executive team as Chief Revenue Officer. Mr. Meisner will also be appointed to Glimpse’s Board of Directors as a non-independent director, adding significant immersive technology industry experience.
Lyron Bentovim, President & CEO of Glimpse commented, “Glimpse’s stated goal is to become a premier software and services company in the emerging VR/AR industry, with a global footprint. To that end, this is the largest acquisition we have made to date, is well structured, aligns incentives and has the potential to be transformative. As the metaverse takes form and we seek to become an enabling infrastructure provider in its development, having scale in size, operations, technologies and capabilities is paramount.”
“In parallel to S5D’s core business and the expected scale, growth and synergies it will create, having someone of Jeff Meisner’s caliber and experience in the immersive technology industry join our executive team and board of directors is a significant addition. Jeff and his team have built a great business and we very much look forward to working together as part of Glimpse.”
Jeff Meisner, co-founder and CEO of S5D said, “over the past 7 years, we have built a leading and award-winning immersive technologies company, with a first-tier customer base. We never raised outside capital and purposely chose to combine with Glimpse in order to reach critical scale and benefit from the significant strategic and operational advantages provided by Glimpse’s ecosystem of VR and AR companies. I firmly believe that this is an opportunity where the whole is much greater than the sum of parts and I’m very excited for continued success within the Glimpse ecosystem, especially as the evolution of metaverse accelerates.”
About The Glimpse Group, Inc.
The Glimpse Group is a Nasdaq listed, diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software & services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry. Glimpse’s unique business model simplifies challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into the emerging VR/AR industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com
About Sector 5 Digital
Sector 5 Digital helps companies transform their brands by creating brilliant digital content for marketing, communications, sales, entertainment, visualization, and simulation. The company has an in-house studio developing immersive experiences through Virtual Reality (VR), Augmented Reality (AR), 3D modeling and animation, film & video production, interactive game technology, and a lot more. For more information on Sector 5 Digital, please visit www.sector5digital.com
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