According to Jacques Blandin, Chief Executive Officer and Founder of VisiInc PLC, "Both companies felt it would be appropriate to share what we believe could represent significant equity appreciation created by this transaction with the respective shareholders of each other's company through the exchange of warrants."
Through its evolutionary Visi? platform, VisiInc operates Vistime. Vistime is rapidly capturing global market share of major verticals such as Healthcare, Government, Engineering and Architecture, Mining, Oil & Gas, Exploration, Energy, Education, Advertising & Media and online Video Conferencing. Visi, the next evolution in visual communication, is capable of delivering solutions in both the physical and virtual environment in 3D. Vistime has been designed to integrate with the existing product offerings of the world's leading web collaboration and enterprise content management systems, enabling vendors to immediately expand their product capabilities and service offerings through Integrated Product Offerings, White Label and Private Label Offerings and OEM opportunities. Through its unprecedented rapid visual rendering capabilities, the Vistime system (www.vistime.com) allows all end users to simultaneously view, manipulate, and explore multi-dimensional data visualizations of any file type and of any size, in real-time without any resolution degradation. The system eliminates the lag time barrier that exists with other viewers. As a result, Vistime is the first in the world to enable real-time collaboration of complex, data-rich visual files and 3D media. For more information, visit www.visiinc.com.