Sony Interactive Entertainment has acquired the Liverpool video firm for an undisclosed sum.
The tech company's solution will be used within mental healthcare, providing a fully immersive experience for patients.
Manchester VR group revealed its results in a trading update on Monday.
Two Manchester tech companies have joined forces to create an augmented reality and virtual reality further education campus.
Sapien has been founded by investor Ged Tivey to create start-ups, accelerate early-stage ventures and support entrepreneurs.
The firm reports a bounceback in its international location-based VR sites in the UK and US.
Turner Prize-winning artist Tai Shani, is to present the world premiere of The Neon Hieroglyph at the Manchester International Festival’s Virtual Factory series later this month.
Out-of-home VR-based entertainment firm is continuing to open new attractions as international lockdowns ease.
Buyers at Kingswood Homes’ developments in Lancashire and Devon can don a VR headset and see walls shift and rooms appear and disappear as they walk through the completed shell of a property.
Derrick Connell, the former Corporate Vice President of Microsoft’s Bing, has joined the advisory board of VR firm, Mesmerise.