Business
Mercia's nDreams signs Google VR app deal
Mercia's nDreams signs Google VR app deal.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 8324Y Mercia Technologies PLC 20 May 2016 \n\n\n\n\n\n\n\n\n20 May 2016\n\n\n\n\n \nMercia Technologies PLC\n(\"Mercia\" or \"the Company\")\n \nMercia portfolio Company, nDreams, signs Google VR app deal\n \nMercia Technologies PLC (AIM: MERC) which is focused on the creation, funding and scaling of innovative businesses with high growth potential from the UK regions is pleased to announce that portfolio company nDreams (of which Mercia has a 40% equity stake), has been appointed by Google as one of the first developers alongside EA Games and Ubisoft to make apps and experiences for Daydream, their platform for high performance mobile Virtual Reality (\"VR\").\n \nnDreams, one of the UK's largest independent developer and publisher solely focused on VR entertainment software, has two original titles in development for Daydream, each built specifically for Google's new high quality mobile VR platform. The Company is delighted to have been selected by Google to develop its first games. Having already had great success with Perfect Beach for Google Cardboard, the contract demonstrates Google's belief in the high quality experience of nDreams software and more broadly the VR sector which has an estimated value of $30 billion by 2020 across all platforms.\n \nIn addition to the two unannounced games, the nDreams team is working on The Assembly for PlayStation VR, HTC Vive, and Oculus Rift, and developing Gunner and Perfect Beach for the Samsung Gear.\n \nDr. Mark Payton, CEO of Mercia said:\n \n\"The nDreams appointment by Google is a clear demonstration of Mercia's success in investing and mentoring UK technology businesses. We congratulate the nDreams team and believe that the Company has an exceptionally exciting future ahead, operating at the forefront of the VR content development market. Mercia's strategy of combining market intelligence and significant sector experience helps us to identify and scale the promising UK technology businesses such as nDreams. The investment in nDreams is led by Investment Director Mike Hayes, who has over 23 years' experience in interactive businesses including CEO for Europe and America of multinational games company SEGA and Marketing Director at Nintendo. This unique approach of investment and deep sector expertise like Mike's he...