Kolor, makers of VR stitching software Autopano Video and Autopano Giga, and virtual tour software Panotour, announced that they are closing their doors effective September 14, 2018.
Kolor products will no longer be sold on Kolor.com, nor will the software be updated. However, GoPro Fusion Studio and GoPro VR Plugin will continue to be available here.
Kolor was purchased by GoPro in late April 2015. Its Autopano stitching software and Panotour virtual tour software have been among the leading products in the 360 and VR industry. However, GoPro has been under a lot of financial pressure due to declining sales and its stock plummeted in August 2015. Although GoPro’s stock has improved in the last 4 months, and even recently set a new high for 2018, Kolor’s closing appears to be a direct consequence of GoPro’s financial issues.
What is surprising to me is why GoPro didn’t sell Kolor’s intellectual property to Adobe or other companies (perhaps it might still happen). Hopefully Kolor’s closure leads to a stronger GoPro and to increased business for PTGui and Mistika, and virtual tour software such as Pano2VR.
Thanks to Pepe Vazquez (360 Tips & Tricks) for bringing this to my attention!