Benzinga | Nov 10, 2020 09:13AM EST

eXp World Holdings Announces Virbela Saw A 78% Increase In New Users Over The Second Quarter

Several New Language Capabilities Added to Meet Global Demand for the Virtual World Platform

SAN DIEGO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Virbela, a virtual world platform for remote work, education, and events, today announced continued growth and momentum in the third quarter of 2020. Part of eXp World Holdings (NASDAQ:EXPI), Virbela saw a 78% increase in new users over the second quarter, while international markets accounted for more than 50% of new user growth in the third quarter. As the global pandemic has forced organizations to adapt to a work-from-anywhere environment, Virbela's momentum speaks to the growing demand and market opportunity for virtual worlds and immersive collaboration solutions.

"This past year has brought a global surge of interest in new tools for remote work, distance learning and virtual events. People are burned out from the overload of video conferencing, and organizations are looking for solutions that recreate the community and social benefits of in-person interactions," said Alex Howland, president and co-founder of Virbela. "Virbela is building immersive, virtual environments to solve these real-world problems. We've seen incredible adoption and are introducing new features to help people collaborate and stay connected, no matter where they are in the world."