V-Nova completes the acquisition of Parallaxter Srl, the company behind the PresenZ XR technology
Retrieved on:
Wednesday, November 29, 2023
Parallaxter are the XR experts behind the PresenZ technology and this acquisition will greatly expand V-Nova’s portfolio of IP and technologies in VR/XR and gaming, as well as further strengthen its position in the data and video compression industry.
Key Points:
- Parallaxter are the XR experts behind the PresenZ technology and this acquisition will greatly expand V-Nova’s portfolio of IP and technologies in VR/XR and gaming, as well as further strengthen its position in the data and video compression industry.
- V-Nova PresenZ, a Lumiere Award winning format that combines Parallaxter's PresenZ technology and V-Nova's point-cloud compression, is set to revolutionize storytelling in VR.
- V-Nova PresenZ is distributed at scale also to stand-alone XR devices thanks to MPEG-5 LCEVC enhanced pixel streaming.
- "We are thrilled to welcome our partner Parallaxter and its PresenZ technology to the V-Nova family," said Guido Meardi, CEO of V-Nova.