vTime Holdings Limited
vTime Holdings Ltd is focused on developing and publishing virtual and augmented reality engagement software, which is platform-agnostic and for both consumer and commercial use. This engagement software is called ‘vTime’ and is currently available via Gear VR, Cardboard (on both iOS and Android platforms), Oculus Rift and soon Daydream and PSVR (PlayStation). According to the Company, its software is being used currently in over 190 countries, by thousands of users daily.
vTime is a company founded in 2013 with headquarters in Liverpool, UK. The company is developing an innovative virtual engagement platform called vTime. Available as a free app and with users around the world, vTime brings together people in virtual reality, augmented reality and ultimately on all digital devices, and allows them to communicate, socialise, and otherwise engage with each other.
The Company possesses a proven development pedigree, led by an experienced and proven management team.
vTime Holdings Ltd was founded in November 2013 by entrepreneur Martin Kenwright. Martin previously founded Digital Image Design in 1989 which was acquired by Infogrames in 1998, and Evolution Studios in 1999 which was subsequently acquired by Sony Computer Entertainment in 2007. The Company is headquartered in Liverpool and currently employs around 35 full time staff.
At the end of 2016, the actual number of HMDs (head mounted displays), the hardware required to experience virtual reality, in the market was around 6m units.
The VR market is an emerging market place that is attracting a lot of high level attention presently as a number of blue chip companies remain keen to understand the opportunities there may be to deliver brand-new forms of engagement and communication in virtual reality for their brands and services.
Towards the end of 2016 vTime was recognised by the press as the “First Virtual Reality Social Network” (Daily Mail Online) with its release for the Samsung Gear VR.
All the key players of the VR ecosystem, namely Google, Samsung, Oculus, HTC and Sony, completed the consumer launches of their respective VR formats during 2016; namely Cardboard, Gear VR, Rift, Vive, PlayStation VR and Daydream.
vTime reached a total of 522,136 downloads across 5 different formats in 2016 but is forecasting the number to rise to 1,228,673 in 2017. An additional point to note is that the five hundred thousand downloads, to date, were grown organically without money being spent to acquire users.
In 2016, world-renowned technology analyst Gartner named vTime “Cool Vendors” in their Mobile Consumer Applications report. Previous Cool Vendors include Dropbox and Instagram (both 2011).