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Pix acquires assets of View Labs to expand virtual visualization offerings

May 30, 2024•over 1 year ago

Acquiring Company

Pix

Acquired Company

View Labs

StaffordNew YorkReal EstateVideo GamesVideoSoftwareAnalytics

Description

Pix, a leading real estate visualization company, has acquired the assets of View Labs to further expand its suite of offerings. This acquisition enables Pix to offer true 360° interactive video, augmented reality, virtual experiences including aerial tours, and other proprietary tools and technologies for 3D visualization. The comprehensive suite of assets allows Pix to develop hyper-realistic, interactive experiences that serve the needs of various industries, including real estate, construction, entertainment, retail, hospitality, technology, and enterprise services.

Company Information

Company

Pix

Location

Stafford, Texas, United States

About

PIX (formally known as Pavonis Property Immersion Xperience, Inc.,) was founded by a group of successful real estate veterans and business leaders in conjunction with interactive 3D computer gaming and virtual reality pioneers to develop state-of-the-art, immersive 3D virtual experiences for real estate and related industries. The suite of Pix offerings includes 3D Virtual Reality Models, Renderings and Property Videos. The unique Pix platform can be combined with embedded video chat, live video feeds, data visualization and artificial intelligence capabilities that can be delivered across any platform. Pix models harness the team's vast experience across real estate, gaming development, architecture and simulation to deliver solutions that target your business objectives and resulting return on investment. Pix's vision is to revolutionize the way businesses and consumers become better informed and make better decisions by using virtual reality and other visualization technologies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed