Unity acquires VisualLive, an AR platform for the construction industry

• Unity (NYSE:U) has acquired augmented reality for construction platform VisualLive for undisclosed terms. The deal closed on March 4.
• “Adding VisualLive to our portfolio better allows us to connect the field with the design office, bringing BIM data via augmented and mixed reality to drive better quality assurance and project tracking. This will fundamentally change how design reviews, construction planning, field inspections, and facilities management are conducted," says ulien Faure, GM of Verticals, Unity.
• Unity shares are up 6.8% to $99.07.
• Press release.
• Read more about the VisualLIve acquisition here.

Comments

[Satya Mardelli]

Many think Unity Software is solely for gaming development. Not any more. This article announces U acquiring a company that uses AR for construction projects.

It will soon be used in the construction industry, aircraft design and manufacturing, auto design and manufacturing, bridge design. weapons systems, space exploration, etc. Imagine the possibilities coupling Unity software with 3-D printing. 

Accumulate now, hold for long term. $$$ for those with a vision and patience.

[King Rat]

@Satya Mardelli
"Many think Unity Software is solely for gaming development."
The herd is often wrong. The scope of the total addressable market is multiples of what the public is imagining.

My company has utilized Unity for AR for a few years now. Unity is great. The stock is a little expensive for my tastes and I only have a fraction of the shares that I would like to have. I will add a few shares here and there whilst holding mostly cash and hoping for a bigger drop. If there is no drop, I will be happy with my few shares.

[pjh88]

Still a solid add around 100 dollar levels, in my opinion. This is a good set it and forget gaming plays for the next 20+ years.

[schoenbert7]

Hoping for a nice pullback tomorrow to load up and bring down my avarage. I think in the long term we will be just fine with this one.

[Sande traderal]

How will this help stock price or valuation?