SAIC (NYSE: SAI) has purchased Forterra Systems Inc.’s On-Line Interactive Virtual Environment (OLIVE) product line, including all names, trademarks and licenses.
OLIVE is a market leading software platform that enables customers to deploy their own persistent and secure 3D Virtual Worlds where users can collaborate over networks. OLIVE’s real-time virtual world technology enables interpersonal interaction through life-like human avatars.
The platform currently supports virtual world implementations in healthcare, financial services, energy, transportation, retail, government, and higher education markets. OLIVE adds a branded platform to SAIC’s simulation portfolio, and enhances the company’s offerings to an expanding simulation marketplace.
“We look forward to working with current and future OLIVE license holders to support and extend the platform, ” said Bev Seay, SAIC senior vice president and business unit general manager. “We see virtual worlds as the direction of the future in modeling and simulation – emphasis on interpersonal interaction and collaboration enables us to take our products in new directions, and to new markets.”