The company intends to integrate VR with its existing Internet game franchise, including chess.net, as well as develop technology consulting revenue from Virtual Reality game development contracts.

“Every new technology platform uses games to demonstrate its appeal.  With the acquisition of SpaceoutVR, ValueSetters continues to grow its strong tech and games capabilities and will give us the opportunity to become the dominant classic games provider for all VR platforms,” said Cecilia Lenk, CEO of ValueSetters.  “In addition, as a leader in the open VR app market, we believe that SpaceoutVR can become a defining brand in the consumer Virtual Reality space.”

“I am thrilled that SpaceoutVR has joined the ValueSetters portfolio, and we expect access to the VSTR platform to raise our game to a new level,” said Dennis Adamo, CEO of SpaceoutVR.  “ValueSetters’ management team has done a terrific job placing the company at the forefront of technological innovation, and I look forward to working with them to incorporate Virtual Reality into their business model.”