We are pleased to announce the successful establishment of a separate company originating from one of our divisions. Augment IT, dedicated to AR solutions, has split off to found a start-up and enter the next growth stage. This development is a strategic decision by Netcetera to allow the new company to fully concentrate on Augmented and Mixed Reality solutions with employees solely dedicated to the advancement of this topic.
As of 1 July 2023, Augment IT will operate independently, bringing AR to all fields of industry to digitize their workflows. Their long-term vision and goal are to drive the XR business (which includes Augmented Reality, Virtual Reality, and Mixed Reality) forward in the coming years. Netcetera wishes the start-up all the best and a prosperous future filled with success and achievements.