29 Oct 2021 07:00
29 October 2021
VR Education Holdings plc
("VRE" or the "Group")
ENGAGE awarded ISO27001 certification
VR Education Holdings plc, a virtual reality ('VR') technology company which recently confirmed its planned name change to ENGAGE XR Holdings plc[1], is pleased to announce that the group company and its proprietary software platform ENGAGE has been awarded ISO27001 certification.
ISO27001 is an internationally recognised information management security standard. The certification will speed up the process of procurement that larger companies and organisations are required to go through before adopting ENGAGE.
ENGAGE provides users with a platform for creating, sharing, and delivering VR content for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events. Furthermore, the Group is developing a new fully featured corporate metaverse, codenamed "ENGAGE Oasis", with the launch expected in the first half of 2022.
The ISO27001 certification is a major milestone for the Group and is expected to be a major help in accelerating adoption of the new metaverse by corporate users.
David Whelan, CEO, VRE, said: "Information security is critical to our customers, and we are delighted that we have been awarded ISO27001 certification, reflecting the emphasis we place on ensuring the highest standards of safety.
"For ENGAGE it means that the lengthy security audits required by our larger corporate customers, should now only take a fraction of the time, speeding up the adoption of ENGAGE, which has already seen its user numbers grow quickly in the last 12 months.
"Being able to accelerate through the procurement process will help the roll out of our planned corporate metaverse, codenamed ENGAGE Oasis, next year. Much is being said about metaverses recently, and it is clear it is an area that businesses around the world are looking at closely. Today's announcement makes it easier for larger companies to engage with us and work together on their metaverse strategies."
For further information, please contact:
VR Education Holdings plc David Whelan, CEO Séamus Larrissey, CFO Sandra Whelan, COO
| Tel: +353 87 665 6708 contact@vreducationholdings.com |
Cairn Financial Advisers LLP (Nominated Adviser) James Caithie / Liam Murray / Ludovico Lazzaretti
| Tel: +44 (0) 20 7213 0880 |
Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar
| Tel: +44 (0) 20 7186 9952 |
Davy (Joint Broker & Euronext Growth Advisor) Barry Murphy / Lauren O'Sullivan / Oisin Morgan
| Tel: +353 1 679 6363 |
SEC Newgate (Financial PR) Elisabeth Cowell / Robin Tozer / Isabelle Smurfit | Tel: +44 (0)7540 106 366 VReducation@secnewgate.co.uk |
[1] ENGAGE XR Holdings plc is the new name for VR Education Holdings plc, recently approved at the Group's EGM. The change will take effect from 4 November 2021, and the Group's ticker for AIM and Euronext Growth will be EXR. The Group's website address (including its investor relations content) is now www.engagexrholdings.com. The Group's ISIN (IE00BG0HDR01) and SEDOL (BFZWBQ8) will remain the same.