Bublar Group acquires Plotagon for $1.86m

XR skills firm picks up 3D keen movie platform

Bublar Group has announced that it used to be carried out the acquisition of Plotagon Manufacturing AB for approximately SEK 15.3 million ($1.86 million).

The price will doubtless be made in the derive of 5,645,131 in Bublar, with a likely extra mounted pick trace and additional pick trace to be paid out later below sure stipulations.

Plotagon is a platform that allows users to plot and allotment 3D keen motion pictures, and has recently entered exact into a multi-yr settlement with South Korean firm Naver Z’s Zepeto social networking app to build a brand unique app with a scalable revenue model.

Bublar cites the Zepeto partnership as a key motive for the acquisition.

“Now now we beget stout take care of the direct of the unique app to be launched this yr the set we utilize Plotagon’s skills and Zepetos say which allows users to with out problems plot their possess motion pictures with their avatars,” acknowledged Bublar co-founder Magnus Granqvist. “We additionally see a strategic likely in the collaboration with a perfect Asian community for our upcoming cell sport launches.”

In 2018, Bublar Group obtained Swedish AR and VR firm Vobling, and apt final yr it picked up visual results community Goodbye Kansas.

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