VisiInc PLC acquisition of VIA3 delivers industry-defining technology platform and marks major push into Australian E-health market.
Arizona, CA and Perth, Western Australia, September 29, 2011 - VisiInc PLC (VZJ) (http://www.deutsche-boerse.com) today announced a definitive agreement to acquire VIA3 (VIA3.com) in an all-stock transaction valued at approximately USD $16 million.
* VisiInc PLC acquisition of VIA3 delivers industry-defining technology platform and marks major push into Australian E-health market.
* Combined technology to spearhead global ultra-secure E-health platform for collaboration of data rich 3D digital media including voice and video conferencing.
The USD $16 million scrip deal to acquire USA Company VIA3 will deliver a powerful cutting edge total collaboration and conferencing platform, with secure 3D file sharing, secure video and audio.
“In acquiring VIA3, the VisiInc PLC offering will significantly accelerate our Australian E-health market thrust as well as fast track numerous global projects relating to health, medical, aerospace, engineering, geosciences, mining and education markets.” said Jacques Blandin CEO Founder of VisiInc PLC.
This integration will provide a total preferred solution for all types of 3D imaging, including X-ray, CT, MRI, ultrasound, optical, and electron microscopy. Fast, efficient rendering of all types of geometry also makes it effective for many other applications, including image processing and analysis, PACS, DICOM, therapy and surgery planning, implant design, forensic medicine, education, training, and even molecular modeling.
“The VisiInc platform is the next evolution in visual communication, and is capable of delivering solutions in both the physical and virtual environment in 3D. With Vistime and VIA3, our combined offering includes unlimited presentations, application sharing, training, whiteboard sessions or demos and instant voice and video conferencing previously not possible in one real time collaboration and conferencing product. VisiInc is currently in trial discussions in both Europe and Eastern Europe with major medical groups” said Jacques Blandin CEO Founder of VisiInc PLC.
Vistime was developed so that engineers, geologists, filmmakers, physicists, healthcare professionals and others can see and work with “elephant-sized” visual files, for the first time anywhere, and collaborate on them with peers to save both time and money.
Vistime is a multi-file format, real-time 3D viewer for retrieval and viewing of large files, including medical imaging systems such as MRIs, scans and sonograms, over any Internet connection, including dial-up.
About VisiInc PLC
Market Cap: € 99 million
Shares on issue: 68 million
Deutsche Bourse: (VZJ)
VisiInc PLC is a leading software company with development and marketing offices located in the USA. Headquartered in Perth, Australia and registered in the UK, the company listed on the Frankfurt Stock Exchange In May 2011.
Truly a global enterprise, VisiInc’s structure delivers:
* Efficient access to global equity markets
* Access to international software and technology market
* Cost effective Australian-based operations
The company is listed on the Frankfurt Stock Exchange (Deutsche Bourse), which is recognized for its ease of trading and as one of the world’s most efficient capital markets.
Australia is currently moving toward an E-health system where secure electronic records and medical file management and sharing will radically improve health care and generate up to an estimated $4 billion in software sales over the coming six years.
June 1st 2011,VisiInc entered into an agreement to launch MMRGlobal’s patented consumer and professional health IT products and services, including MMRPro for healthcare professionals (http://www.mmrprovideos.com) and the MyMedicalRecords Personal Health Record (PHR) (http://www.mmrvideos.com), on the Visi™ platform utilizing the Vistime product.
Through it’s evolutionary Visi™ platform, VisiInc operates Vistime. Vistime is rapidly capturing global market share of major verticals such as Healthcare, Government, Engineering and Architecture, Mining, Oil & Gas, Exploration, Energy, Education, Advertising & Media and online Video Conferencing.
Through its unprecedented rapid visual rendering capabilities, the Vistime system (http://www.vistime.com) allows all end users to simultaneously view, manipulate, and explore multi-dimensional data visualizations of any file type and of any size, in real-time without any resolution degradation. The system eliminates the lag time barrier that exists with other viewers. As a result, Vistime is the first in the world to enable real-time collaboration of complex, data-rich visual files and 3D media. For more information, visit http://www.visiinc.com.
This Press Release may contain certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
Glenn Weiland, Senior Executive Director / Senior Vice President Global Communications
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