Ann Arbor, MI, August 1, 2023 – Oberon Technologies®, Inc., a leading provider of innovative extended reality (XR) training and information delivery technologies, today reported financial results for its 2023-year second quarter, which ended June 30, 2023. The company reported a 61% growth in Titania® software revenue when compared to Q2 fiscal 2022 year, building on two years of strong SaaS growth.
The ongoing growth of Titania® is a testament to the quality of the products and the value they bring to client organizations. Much of this quarter’s growth is attributed to significant increases in the use of Titania® by additional users and new departments within existing clients. Expanded use of Titania® by engineering groups, field technicians and dealer networks are just a few examples of new applications for these solutions. The use of the software spans many industries with significant adoption by industrial manufacturing leaders and increasing adoption by Energy providers. Titania® software allows clients to achieve their digital transformation goals by making business-critical information readily available to all internal and external consumers as needed.
“It’s exciting to see Titania® growth exceeding the market predictions for the adoption of commercial VR solutions as we maintain steady growth in the content delivery market,” says Vi Kellersohn, VP of Marketing. “We are proud to welcome new users within existing client teams, new client organizations and new partners as we continue to expand our solution ecosystem.”