Oberon Technologies Posts 72% Growth in Titania SaaS Revenue in FY2021

Oberon Technologies®, Inc., a leading provider of state-of-the-art extended reality (XR) training and information delivery technologies, today reported a 72% SaaS (Software as a Service) revenue growth for the year ending December 31, 2021. 

Capping off a year of consecutive quarterly growth in SaaS revenue, Oberon Technologies® recorded its largest sales quarter in company history for Q4 and ended the year with a reported 72% increase in Titania® software subscription sales.  New enterprise projects for industry leaders, including CONMED, John Deere, Polaris, Toro and Trane Technologies, as well as development of new XR experiences for EPRI, among others, helped Oberon end the year as it started, with tremendous momentum and accelerated expansion.

In 2021, digital transformation became a clear imperative for many organizations as they supported a growing number of remote workers.  Immersive Technologies saw unprecedented levels of investments, including Meta’s (Facebook) $50B investment in XR Programs and Research Fund, and commitments from Congress with new laws providing $250B in R&D.  Market leading researchers, including Gartner, Forrester and Forbes, all point to an acceleration of transformation initiatives and explosive XR market growth in 2022 and beyond.

“We are helping clients achieve success at every stage of their digital transformation, from simply making their product and service documentation more easily accessible online to increase customer satisfaction to building fully immersive virtual environments that help reduce overall training and operations costs” said Tim Allen, the company’s Chairman and CEO.  “Our growth is fueled by our ability to meet clients wherever they are along their transformation journey and then helping them get to higher levels with the right plan, processes and Oberon technologies.”  With new product introductions and increased adoption of its SaaS offerings, Oberon expects to see continued revenue growth from these efforts into 2022 and beyond.

About Oberon Technologies® Inc.

Oberon Technologies® is the leading provider of innovative extended reality (XR) training and information delivery technologies. Oberon leverages both physical and virtual worlds to deliver critical business information for its clients. From collaborative web authoring tools to immersive virtual reality (VR) environments, Oberon consultants architect, design, implement, and optimize solutions for companies that value safety and efficiency. Oberon’s clients span a variety of industries, including manufacturing, energy, life sciences, software, utilities, and many more. Many companies have come to trust Oberon for delivering innovative and effective documentation and training solutions. Oberon has helped hundreds of companies reduce costs, increase revenue, and improve information quality. For more information, visit www.oberontech.com.

Public Relations Contacts:

Vi Kellersohn, Oberon Technologies®                                               Jocelyn Wells, GREENCREST
vi.kellersohn@oberontech.com                                                        jwells@greencrest.com
2232 S. Main St., Ste. 454                                                                 120 Northwoods Boulevard
Ann Arbor, MI 41803                                                                          Columbus, OH  43235
734.418.0104                                                                                       614.885.7921

Oberon Technologies, Inc. is pleased to announce that they have become the newest member of the VR/AR Association

Along with the VR/AR Association, Oberon Technologies is dedicated to sharing insights and  innovative training solutions that can help organizations realize the value of virtual reality. As a member of the association, Oberon will participate with other VR/AR organizations in key committees, contribute to research papers and share client case studies to help accelerate the adoption of VR for Training within the Energy and Manufacturing industries, while helping to drive the overall growth of the VR/AR market.   

Recognizing the tremendous safety and efficiency improvements that VR solutions can provide its clients faced with hazardous and costly training environments Oberon expanded its information solution offerings to now include immersive Virtual Reality applications that take training to new levels of efficiency.  For more than a decade, Oberon has helped clients address the content complexities of their Digital Transformation, now with the addition of virtual reality experiences and a dynamic content delivery platform Oberon architects and delivers innovative, holistic information and training solutions to our clients.

“It’s great to see Oberon join, because our community needs providers of innovative interactive training solutions, and Oberon leverages virtual and extended reality technologies coupled with state-of-the-art information delivery for environments where safety, security, or efficient cost of delivery is critical,” says Kris Kolo, Global Executive Director, VR/AR Association.

“We are excited to be part of the VR/AR Association and to learn and interact with fellow members as we explore ways to better serve our clients and help them more readily adopt VR/AR technologies to improve their businesses.  Working with innovative leaders like Exelon, Schneider Electric, and Navistar among many others we feel it’s critical to be part of communities like the VR/AR Assoc to help us stay on top technology advancements like those initiated by any of the VR/AR members,” says Tim Allen, CEO and President, Oberon Technologies, Inc.