We wanted to share some recent news about an acquisition in the UK. Matterport has just completed the purchase of Virtual Walkthrough, a UK-based technology company focused on creating virtual tours for residential & commercial real estate and travel & hospitality.
We announced our entry into the UK market a few months ago, and a local presence helps us to better serve our UK and European prospects and customers. The Virtual Walkthrough team has significant experience in the “proptech” market (as they refer to it in the UK), enabling us to deliver enhanced levels of support for both existing and new customers in the region. These are top requests we've heard from our clients in the EMEA region, and we're thrilled to be able to respond to these in this way.
Virtual Walkthrough will continue to support their existing service offerings for current customers short-term, and begin transitioning to the local sale and in-market support of Matterport cameras and cloud services. By creating local market opportunities for both estate and letting agencies and independent Matterport Service Partners (MSPs) -- real estate photographers, floor plan providers and other property marketing service providers -- Virtual Walkthrough will make it more efficient for property agents to create their own Matterport 3D and VR Showcases and/or elect to be serviced by their preferred MSP vendors on a for-hire basis.
Matterport also intends to invest locally to increase awareness and adoption of the Matterport Pro Camera and Cloud Services across property portals, agents, and consumers, which we expect will increase demand for our Matterport Service Partners.
We are very excited about this new addition to the Matterport family and bringing more awareness to the European community.
If you have any questions, please contact us at our Support site.