Oberon Technologies

Oberon Technologies Posts 63% SaaS Growth in First Quarter FY22

Ann Arbor, MI – Feb 2, 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 first quarter, which ended March 31, 2022. The company reported a 63 percent SaaS (Software as a service) growth for Q1, making it the fifth consecutive quarter with more than 50 percent growth in SaaS sales.

 

“As we have many clients expanding their existing projects and adopting additional software, we are focused on providing the best possible products and services to keep them growing” said Timothy Allen, chairman and CEO.  “We are most proud to consistently receive positive feedback like that from CONMED’s Noah Cumbly, Corporate Program Manager QS, who said “We want to thank you the Oberon team for partnering with us delivering such an excellent product! Your leadership, communication and talented team made this project successful, delivering on time and under budget!”

 

Oberon continues to see growth in every area of its business, including CCMS servicesweb collaboration tools, dynamic delivery portals, and VR experiences.  However, growth in the virtual training experiences may be garnering the greatest interest.

 

As Forbes identifies in its Three Emerging Educational Opportunities in the Metaverse article, “Metaverse-based learning [virtual reality training] does not seek to remove human experience, but rather to technologically capture and replicate it, allowing a rich perspective of the material to more learners.” As is the case for our clients VR Training complements a blended training program.  Forbes further summarizes the exciting future offerings in this space, “As the industry advances, it may hold untold possibilities for equipping the next generation with the training, skills and education they need—wherever they are.”

 

Oberon is supporting our clients as they expand their digital information offerings, enable more remote workers in physical and virtual environments, and adopt new innovative business models.  As many of our clients shift to the cloud and SaaS, our foundational technologies continue to enable our clients to train and share information anywhere resulting in significant productivity gains.