Ann Arbor, MI, May 1, 2023 – Oberon Technologies®, Inc., a leading provider of innovative extended reality (XR) training and information delivery technologies, today reported financial results for its fiscal 2023-year first quarter, which ended March 31, 2023. The company reported a 56% growth in Titania software revenue when compared to Q1 fiscal 2022 year, continuing a track record of strong SaaS growth.
Titania solutions are used in many areas by our clients, from automating all aspects of technical information delivery to providing greater access to critical product and service information. A growing area of adoption is use of the Titania Platform to enable access to VR training, making it easier to on-board and upskill employees, while keeping trainees and facilities safe. The built-in scalability of the Titania 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.
“While we added several new clients including Gas Utilities providers on the East Coast and medical device leaders in the Midwest, we are most proud of the ongoing addition of Titania licenses from our existing clients,” says Scott Youngblom, EVP of Worldwide Sales. “It’s a testament to the quality of our products and service that existing client companies are expanding the use of Titania across new departments and global teams. For many clients Titania Delivery has become a business-critical application.”