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  5. CareAR Acquires MagicLens

M&A Deal Summary

CareAR Acquires MagicLens

On January 11, 2022, CareAR acquired internet software and services company MagicLens

Acquisition Highlights
  • This is CareAR’s 1st transaction in the Internet Software and Services sector.
  • This is CareAR’s 1st transaction in the United States.

M&A Deal Summary
Date 2022-01-11
Target MagicLens
Sector Internet Software and Services
Buyer(s) CareAR
Deal Type Add-on Acquisition

Target

MagicLens

United States
MagicLens is a 3D visualization and AR-based platform designed to showcase industrial products. MagicLens leverages computer-aided design (CAD) data to enable 3D content visualization, video simulations for AR-enriched 3D content and high-quality renderings of models.

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Buyer(S) 1

Buyer

CareAR

Austin, Texas, United States
Category Company
Sector Software
DESCRIPTION

CareAR, Inc. is an augmented reality support platform company that provides real-time access to expertise for customers, employees, and field workers. CareAR software, remote agents, and experts can virtually see the situation and visually guide a solution using a suite of augmented reality tools via desktop, mobile, and smart glass devices as if they were in-person. CareAR is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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