Wednesday, March 5, 2008
Dallas-based TWL Corporation acquires simulation software company
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DALLAS TWL Corporation today announced that it has acquired Divergent Entertainment, Inc. (DEI), is merging DEI into the company’s wholly-owned TWL Knowledge Group subsidiary – a leading global provider of integrated workplace learning solutions – and has entered into an executive employment agreement with DEI founder Danny Hammett.
DEI has developed an advanced personal computer-based simulation program designed to deliver highly realistic and accurate skills training, practice and testing in a quasi-virtual reality environment. The initial product using this technology, Firefighter: Everybody Goes Home™, simulates real-life scenarios for firefighters. Using inexpensive PCs routinely found in fire stations, the system provides highly affordable training designed to augment live teaching exercises, which can be expensive and dangerous to a firefighter’s safety. Each application includes ready-to-use scenarios and simulations, and quarterly updates with new scenarios and simulations will be made available, so training exercises remain current.
“This simulation leverages cutting-edge games-based technology in a realistic and immersive environment and bridges a critical gap that currently exists between classroom and live training, allowing firefighters to run drills safely and repeatedly in high risk situations, while gaining practical experience in a much closer to real-life situation than the classroom setting can ever provide,” said Dennis Cagan, chairman, CEO and president of TWL. “With an estimated first year market potential of $225 million and $150 million per year thereafter, we expect this product to achieve and sustain profitability by the end of the fourth quarter.”
Source: TWL Corporation
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