Oberon Technologies

Oberon Technologies Continues its Robust Software Growth with Titania Revenue Increasing 72% in Second Quarter FY22

Ann Arbor, MI, July 29, 2022 – Oberon Technologies, Inc., a leading provider of state-of-the-art extended reality (XR) training and information delivery technologies, today announced financial results for its fiscal 2022 second quarter, which ended June 30, 2022. The company reported a 72 percent SaaS (Software as a Service) growth for Q2, making it the sixth consecutive quarter with more than 50 percent growth in SaaS sales.

“We are delighted to see so many of our customers coming back strong after the pandemic.  And as a result, many are accelerating their digital transformation processes to enable long-term growth and profitability” said Todd Burdin, VP of Operations.  “We are seeing the addition of new groups within our clients’ ecosystems adopting the Titania Delivery Platform to enable 24/7 access to training, service, and product information for both their employees and customers.”

Digital transformation requires more than just technology as noted by Harvard Business Review in the article “How to Map Out Your Digital Transformation.”  For digital transformation to be meaningful and lasting, companies must also take into account changes in products and processes.  Oberon’s expert consultants are being called upon to provide strategic guidance and practical insights as clients refine their transformation plans. As the HBR article notes “there’s an opportunity to turn the often continuity-focused tech investments of recent years into foundations for a more genuine transformation of the enterprise.”

Oberon is focused on helping our clients get the most from their technology investments.  The built-in scalability of the Titania Delivery Platform allows Oberon clients to transform more areas of their business by enabling global content collaboration, fully immersive virtual reality training experiences, and the dynamic delivery of interactive content anywhere at any time.  Oberon has been enabling digital transformation for more than a decade. Seeing the accelerated adoption is exciting for us and our clients.