The acquisition will combine Metasphere's immersive learning and collaboration platform with Bluesphere's cloud-based collaboration and communication solutions, creating a comprehensive suite of tools for businesses and educational institutions.The combined company will be able to offer a wide range of solutions for immersive learning, collaboration, and communication, including:* Virtual reality (VR) and augmented reality (AR) training simulations Collaborative virtual workspaces* Cloud-based video conferencing and messaging Learning management systems (LMSs)* Performance management toolsThe acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions. Financial terms of the transaction were not disclosed."We are excited to welcome Bluesphere Ventures to the Metasphere family," said Metasphere CEO Michael Grant. "This acquisition will allow us to offer our customers a more comprehensive suite of solutions for immersive learning and collaboration. We believe that the combination of our two companies will create a leader in the immersive learning and collaboration market.""We are thrilled to join forces with Metasphere," said Bluesphere Ventures CEO John Smith. "Metasphere's immersive learning and collaboration platform is a perfect complement to our cloud-based collaboration and communication solutions. Together, we will be able to offer our customers a truly unique and innovative suite of tools for learning and collaboration."The acquisition of Bluesphere Ventures is a significant step in Metasphere's growth strategy. The company has been rapidly expanding its product portfolio and customer base in recent years, and the acquisition of Bluesphere Ventures will further accelerate its growth.Metasphere is a leading provider of immersive learning and collaboration solutions. The company's platform enables businesses and educational institutions to create and deliver immersive learning experiences that are more engaging and effective than traditional methods. Metasphere's customers include Fortune 500 companies, universities, and government agencies.Bluesphere Ventures is a provider of cloud-based collaboration and communication solutions. The company's platform enables businesses to collaborate and communicate more effectively, regardless of their location or device. Bluesphere Ventures' customers include small businesses, startups, and large enterprises.