V-Nova completes the acquisition of Parallaxter Srl, the company behind the PresenZ XR technology
29.11.2023 10:00:00 CET | Business Wire | Press Release
V-Nova, a leading provider of data compression solutions, announces the full acquisition of Parallaxter Srl, completing its prior investments in the company and incorporating it into the V-Nova group. Parallaxter are the XR experts behind the PresenZ technology and this acquisition will greatly expand V-Nova’s portfolio of IP and technologies in VR/XR and gaming, as well as further strengthen its position in the data and video compression industry.
V-Nova PresenZ, a Lumiere Award winning format that combines Parallaxter's PresenZ technology and V-Nova's point-cloud compression, is set to revolutionize storytelling in VR. It offers users cinematic photorealism and 6DoF for real-time navigation in pre-rendered scenes, breaking free from static viewpoints and ensuring full immersiveness. V-Nova PresenZ is distributed at scale also to stand-alone XR devices thanks to MPEG-5 LCEVC enhanced pixel streaming.
The format dovetails with standard Computer Graphics and Special FX production workflows, significantly cutting content production costs, and it also allows for the re-mastering of existing asset libraries. Additionally, it supports the integration of pre-rendered photorealistic assets with real-time-rendered interactive elements and after-effects, opening new possibilities for interactive immersion.
"We are thrilled to welcome our partner Parallaxter and its PresenZ technology to the V-Nova family," said Guido Meardi, CEO of V-Nova. “The new combined format is set to redefine digital entertainment, offering fully immersive, lifelike experiences with six degrees of freedom (6DoF) that revolutionize traditional visual storytelling. Collaborating with top studios on several productions, we're gearing up to introduce this groundbreaking experience to consumers shortly. Our aim is to bring the future of digital entertainment to life, opening new horizons in how stories are told and experienced.”
"We are excited to join forces with V-Nova," said Tristan Salome, CEO of Parallaxter. “V-Nova’s data compression technology and Parallaxter’s unique solution for volumetric immersion are complementary technologies that will enable us to push the boundaries of immersive visuals and deliver higher quality digital experiences at scale. Imagine being immersed in Hollywood-grade CGI, experiencing lifelike parallax, occlusions, reflections, and textures, at full display frame rate."
Eubelius CVBA advised on the transaction.
About V-Nova
V-Nova is committed to unlocking higher quality digital experiences at scale. Its technologies, including MPEG-5 LCEVC and VC-6, are based on the innovative use of AI and parallel processing, improve data, video, imaging, and point-cloud compression, and have been granted international standard status by MPEG, ISO and SMPTE. V-Nova’s relentless investment in R&D has built a portfolio of over 900 international patents, along with a range of software products and solutions. More about V-Nova: www.v-nova.com
About Parallaxter
Parallaxter SRL, founded in 2014, is a Belgian XR software company that developed and patented PresenZ, the revolutionary Volumetric Movie point cloud format. It allows the viewer to experience unprecedented immersion comfort compared to "standard" 360-degree movies and unprecedented offline ray-tracing visual fidelity compared to real-time rendering. The viewer truly feels like being inside the movie, thanks to its six degrees of freedom approach that creates a ‘cloud’ of data points where the viewer is free to move.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231129420904/en/
Contact information
V-Nova Investor Relations: Antonio Filippi, CFO – investor.relations@v-nova.com
V-Nova Marketing Communications: Joao Felix – press@v-nova.com
Bubble UK & EMEA PR Account Director: Danielle Harper – danielleh@bubbleagency.com
Bubble Head of Americas: Kim Willsher – Kimw@bubbleagency.com
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
BTG Pactual Timberland Investment Group Completes First Close of US$ 370 Million to Newest Core Latin American Timberland Strategy16.4.2026 22:04:00 CEST | Press Release
BTG Pactual Timberland Investment Group (BTG Pactual TIG), one of the world’s largest timberland investment managers, announced today that it has completed the first close of US$ 370 million in commitments to its newest core Latin America strategy. Targeting investment of US$ 1.5 billion over 5 years, the strategy focuses on large-scale, sustainably managed, core timberland assets across Chile, Uruguay and Brazil, and seeks diversification across geography, climatic zones, species, and end-markets. BTG Pactual TIG has operated in Latin America for over two decades, and has built and managed a series of scaled timberland platforms through this strategy, including the creation of three platform companies, Lumin, Vista Hermosa, and Plateau, forming part of the firm’s global US$ 7.5 billion portfolio. The formation of Plateau, announced in August 2025, marked the first acquisition under this new strategy. Created in partnership with Klabin S.A. (Klabin) and British Columbia Investment Mana
BTG Pactual Timberland Investment Group Completes First Close of US$ 370 Million to Newest Core Latin American Timberland Strategy16.4.2026 22:04:00 CEST | Press Release
BTG Pactual Timberland Investment Group (BTG Pactual TIG), one of the world’s largest timberland investment managers, announced today that it has completed the first close of US$ 370 million in commitments to its newest core Latin America strategy. Targeting investment of US$ 1.5 billion over 5 years, the strategy focuses on large-scale, sustainably managed, core timberland assets across Chile, Uruguay and Brazil, and seeks diversification across geography, climatic zones, species, and end-markets. BTG Pactual TIG has operated in Latin America for over two decades, and has built and managed a series of scaled timberland platforms through this strategy, including the creation of three platform companies, Lumin, Vista Hermosa, and Plateau, forming part of the firm’s global US$ 7.5 billion portfolio. The formation of Plateau, announced in August 2025, marked the first acquisition under this new strategy. Created in partnership with Klabin S.A. (Klabin) and British Columbia Investment Mana
Multi-Color Corporation Announces Confirmation of Plan of Reorganization16.4.2026 19:55:00 CEST | Press Release
Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that the United States Bankruptcy Court for the District of New Jersey (the “Court”) has confirmed the Company’s prepackaged plan of reorganization (the “Plan”). MCC expects to emerge from prepackaged Chapter 11 in the coming weeks. Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly deleverages the Company’s balance sheet and recapitalizes the business. The restructuring reduces net debt by approximately $3.8 billion, reduces annualized cash interest expense by more than $330 million, and extends long‑term debt maturities to 2033. In addition, MCC will receive a significant $889 million investment from CD&R and a group of MCC’s existing secured lenders. Post-emergence, the Company expects to have more than $500 million of available liquidity to support long-term growth and investment. “Today’s confirmation marks the near-co
Multi-Color Corporation Announces Confirmation of Plan of Reorganization16.4.2026 19:55:00 CEST | Press Release
Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that the United States Bankruptcy Court for the District of New Jersey (the “Court”) has confirmed the Company’s prepackaged plan of reorganization (the “Plan”). MCC expects to emerge from prepackaged Chapter 11 in the coming weeks. Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly deleverages the Company’s balance sheet and recapitalizes the business. The restructuring reduces net debt by approximately $3.8 billion, reduces annualized cash interest expense by more than $330 million, and extends long‑term debt maturities to 2033. In addition, MCC will receive a significant $889 million investment from CD&R and a group of MCC’s existing secured lenders. Post-emergence, the Company expects to have more than $500 million of available liquidity to support long-term growth and investment. “Today’s confirmation marks the near-co
Textron Aviation Expands High‑Speed Cabin Connectivity With Gogo 5G Upgrade for Cessna Citation Business Jets16.4.2026 16:00:00 CEST | Press Release
Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced the availability of Gogo 5G, a new connectivity upgrade that gives Citation operators faster speeds, lower latency and improved WiFi performance in the cabin. The aftermarket solution is now offered for the Cessna Citation Longitude, X+, X, Sovereign+, Sovereign, Latitude, XLS Gen2, XLS+, XLS and Excel, following the issuance of the Federal Aviation Administration’s (FAA) Supplemental Type Certificate (STC). Customers can install a new AVANCE Gogo 5G system or upgrade their existing AVANCE system to include 5G capabilities at a domestic Textron Aviation Service Center. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260416016893/en/ Textron Aviation expands high speed cabin connectivity with Gogo 5G upgrade for Cessna Citation business jets “Reliable, high-speed connectivity is essential for today’s operators, whether they’re conducting business in fli
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom