QuestionPro Acquires SpatialChat to Boost Virtual Collaboration and Research
Deal News | Dec 17, 2024 | Globenewswire
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
Name | Role | Type | Description |
---|---|---|---|
QuestionPro | Acquirer | Company | A global leader in online survey and research services. |
SpatialChat | Target | Company | A leading European platform in video streaming and virtual collaboration. |
Vivek Bhaskaran | CEO of QuestionPro | Person | Founder and CEO of QuestionPro. |
Riddhik Kochhar | CEO of SpatialChat | Person | CEO of SpatialChat. |