QuestionPro Acquires SpatialChat to Boost Virtual Collaboration and Research

Deal News | Dec 17, 2024 | Globenewswire

QuestionPro Acquires SpatialChat to Boost Virtual Collaboration and Research

On December 17, 2024, QuestionPro, a renowned player in the domain of online surveys and research services, announced its acquisition of SpatialChat. SpatialChat is a prominent European entity in the video streaming and virtual environments domain, known for creating immersive digital workspaces that facilitate enhanced engagement and productivity. The acquisition serves as a strategic move for QuestionPro to integrate and expand its offerings in qualitative research and customer experience. With the deal, SpatialChat, which boasts a user base spanning 6 million across 169 countries and clients like Google and Harvard University, gains a stronger foothold in global markets. Its AI-driven platform will continue under the existing brand with amplified innovation capabilities in virtual collaboration environments, integrating cutting-edge AR/VR tech. The move taps into the projected $180 billion AR/MR/VR collaboration market by 2030, marking a pivotal step for both QuestionPro and SpatialChat. This partnership is projected to innovate customer research techniques with advanced virtual focus groups.

Sectors

  • Technology
  • Market Research
  • Augmented Reality/Virtual Reality

Geography

  • United States – QuestionPro's headquarters and primary market are noted as the US.
  • Europe – SpatialChat is recognized as a leading European platform, emphasizing the region's significance.
  • Global – SpatialChat serves users across 169 countries, indicating a broad geographic reach.

Industry

  • Technology – The article discusses the acquisition of a video streaming and virtual collaboration platform, indicating a focus on tech-driven innovation.
  • Market Research – QuestionPro is a leader in online survey and research services, thereby emphasizing the market research industry.
  • Augmented Reality/Virtual Reality – The article mentions SpatialChat's exploration of AR/VR experiences, highlighting this industry's relevance.

Financials

    Participants

    NameRoleTypeDescription
    QuestionProAcquirerCompanyA global leader in online survey and research services.
    SpatialChatTargetCompanyA leading European platform in video streaming and virtual collaboration.
    Vivek BhaskaranCEO of QuestionProPersonFounder and CEO of QuestionPro.
    Riddhik KochharCEO of SpatialChatPersonCEO of SpatialChat.