Oberon Technologies

Oberon Technologies Posts 71% SaaS Growth in Third Quarter

Ann Arbor, MI, October 20, 2021 – 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 2021 third quarter, which ended September 30, 2021. The company reported a 71 percent SaaS (Software as a service) growth for Q3, making it three consecutive quarters with more than 50 percent growth in SaaS sales.

 

“We are experiencing growth like never before, adding projects for industry leaders including Daimler Truck, Polaris, and Navistar, while also expanding applications for non-profit clients, including EPRI, UL and Canadian Pharmacists Association,” said Timothy Allen, chairman and CEO.  “It’s exciting to see the quick recovery and growth our clients are experiencing.”  Oberon continues to see growth in every area of its business, including CCMS services,  web collaboration tools, dynamic delivery portals, and VR experiences.”

 

As Gartner reports in their Top Strategic Trends for 2021 report, an anywhere operations model will be vital for businesses to emerge successful from the pandemic.  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 have helped enable this new Anywhere Operations business model and the resulting productivity gains.