#Japan #Tokyo #Diver-X #Shiftall #ContactTrack

Shiftall's Strategic Acquisition of Diver-X's ContactTrack Technology

On October 14, Shiftall, a group company of C&R Corporation that specializes in the development and manufacturing of VR, metaverse, and IoT devices, announced the acquisition of Diver-X's groundbreaking position tracking technology, ContactTrack. This acquisition is poised to bring significant advancements in VR/XR products by leveraging this innovative technology.

Background and Purpose of the Acquisition

Shiftall's mission to propel life one step into the future hinges on its commitment to developing a wide array of VR/XR and IoT products. The acquisition of Diver-X’s ContactTrack business is seen as a strategic enhancement due to its unique position tracking capabilities, which are recognized as pivotal in realizing the next generation of VR/XR experiences. Shiftall has a track record of successful product development and global market outreach, suggesting that the integration of ContactTrack can help elevate this technology into mainstream acceptance.

By acquiring ContactTrack, Shiftall aims to fortify its product development efforts, particularly in creating high-performance, immersive VR experiences that remain affordable for users. This transformation is essential as the VR/XR market continues to expand, driven by not only technological advancements but also the growing demand for social VR and metaverse functionalities.

Overview of the Acquired Business

• - Business Name: ContactTrack
• - Assets Acquired: The acquisition includes all relevant hardware and software technology associated with the ContactTrack service. However, it does not encompass any personal information related to pre-order customers such as names, contact details, or payment information.
• - Acquisition Amount: To maintain confidentiality, the specific financial terms of the deal remain undisclosed.

Customer Response and Refunds

For those who had placed pre-orders for ContactTrack prior to this acquisition, Diver-X will be processing full refunds. Affected customers have already been contacted by Diver-X regarding this refund process. For inquiries related to refunds, customers are encouraged to use the contact form available on Diver-X's website.

About Diver-X

Located in Chiyoda, Tokyo, Diver-X was established in March 2021 and is led by CEO Hiroto Sakoda. The company focuses on developing and producing XR-related devices and solutions for enterprise manufacturing process improvements. More information about their offerings can be found on their website.

About Shiftall

Established in April 2018, Shiftall operates out of Chuo, Tokyo, and is directed by CEO Takuma Iwasa. This company is dedicated to the planning, development, and support of various electronic devices and gadgets, including IoT products. Shiftall collaborates with customers for the planning and development of custom IoT solutions. For further details, visit their website.

About C&R Corporation

Founded in March 1990, C&R oversees a multitude of professional agency services across various industries including film, gaming, web, and AI/DX solutions. Headquartered in Minato, Tokyo, with additional offices in multiple regions, C&R continues to expand its portfolio to adapt to the dynamic market. Information can be located on their corporate site or through their official site and social media.

Conclusion

The acquisition of ContactTrack by Shiftall emphasizes a significant shift in the VR/XR landscape, aiming to enhance user experiences and broaden accessibility. As Shiftall integrates this technology into their product line, the VR market can expect an influx of innovative, high-quality solutions designed for an immersive future.