Vection’s Mindesk joins Facebook ISV and gains collaboration features

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Investors reacted with joy to the news that Vection Technologies is turning Mindesk into a compelling enterprise platform for designers and engineers through participation in Oculus for Business and new collaboration features

Quick read

➨ Membership of the ISV programme will see Vection offer Mindesk, a CAD virtual reality solution, through Oculus for Business
➨ A new version of Mindesk offers new collaboration features to help teams work on the same commercial CAD project through multi-user virtual reality sessions for design, reviews and brainstorming
➨ Vection said the collaboration features coming to market in the new version of Mindesk represent “a strong leap forward” in the development of the software

The story

News that Vection Technologies had joined the Facebook independent software vendor (ISV) programme and released a new version of Mindesk saw the Australia-listed industrial software company’s shares jump almost 40%.

Its membership of the ISV programme will see Vection offer Mindesk, a computer-aided design (CAD) virtual reality solution, through Oculus for Business and potential base of thousands of users. The company will also gain access to a wide range of resources and the opportunity to work with Oculus experts.

A new version of Mindesk was also released, prompting shares in Vection to rise 40% in early trading before settling at 16 Australian cents per share at the time of writing.

Gabriele Sorrento, director of Vection and chief executive officer of Mindesk, said: “We are proud to partner with a top AR/VR player like Facebook Business and deliver to enterprises a scalable, professional and reliable joint solution.”

Vection acquired Vive X graduate Mindesk earlier this year.

Terms of the acquisition were not disclosed, but Mindesk joined Vive X, HTC Vive’s global virtual and augmented reality accelerator, in 2017 and secured $900,000 in seed funding two years later.

The new version of Mindesk offers new collaboration features to help teams work on the same commercial CAD project through multi-user virtual reality sessions for design, reviews and brainstorming.

Mindesk’s real-time 3D design features integrate with existing commercial CAD software to extend their operations to virtual and augmented reality, real-time rendering, and now, multi-user collaboration.

The software enables users to design a CAD project from scratch in virtual reality, removing the need for time consuming exportation, as well as switch from virtual reality to desktop seamlessly, while editing the project in real-time in either modality.

Vection said the collaboration features coming to market in the new version of Mindesk represent “a strong leap forward” in the development of the software.

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Main image: Screenshot of multi-user features

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