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Urbanimmersive Inc V.UI

Alternate Symbol(s):  UBMRF

Urbanimmersive Inc. is a Canada-based company, which develops and markets real estate photography technologies and services. The Company is engaged in developing and commercializing immersive, which is a software as a service (SaaS) platform offering immersive marketing solutions, three-dimensional (3D) photographic equipment and photography services to professional photographers. Its segments include Software, Photographic Equipment and Services. The Software segment offers a SaaS marketing platform to professional photographers and other immersive visual content providers. The Photographic Equipment segment offers a resale service of 3D photographic equipment. The Service segment offers real estate photography and floor plans and measurement services. Its products and services include Print, Visual Media, Property Website, Floor Plan + and 3D Tour & Floor Plan. Through its HomeVisit printing facilities, it provides print solutions for real estate agents.


TSXV:UI - Post by User

Comment by drogalaon Jun 24, 2021 4:07pm
109 Views
Post# 33445567

RE:RE:Urbanimmersive Announces Accelerated Growth Plan and Provide

RE:RE:Urbanimmersive Announces Accelerated Growth Plan and ProvideI don't think its as simple as that. There have been plenty of instances in history where the "superior technology" doesn't win out (VHS vs. Betamax, Blu-Ray vs. Green-Ray, etc.) either due to poor marketing strategy, lack of funding, lack of promotion, product fit, different features, etc. Matterport is clearly backed by superior funding and with a massively inflated marketing budget when compared to UI who has had to bootstrap themselves to where they're at currently. It is hard to know which is really the superior technology at this point without being an expert in the field but we also know that in many instances switching costs are high in enterprise / workplace environments. 

Whether that means learning a new editing process, re-organizing or moving large cahces of files, switching cameras, changing workflows, etc. Many consumers / photographers are probably hesitant to change. I'm sure many folks on this thread have experienced something similar with a new software, technology, or process at work.

These acquisitions, which not even accounting for any synergistic upside in SAAS, are immediately accretive to UI. So, even if they get nothing out of it on the SAAS side (worst-case scenario) the base business will contribute to both top and bottom lines. What it allows them to do is to integrate themselves with these photographers and show them the value proposition first hand. Many companies conduct "acquistions" to acquire customers, this isn't a new concept. Paid acquisition whether its done through marketing spend or phyiscal acquisition of customers is a growth strategy.

I think this is going to be a major win for UI down the road. Assuming they convert a decent # of photographers from Matterport to their solutions it will only be a matter of time before Matterport comes knocking with a large check in hand.


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