REAL SERIOUS GAMES PTY LTD

Research

Brisbane (Fortitude Valley) XR company operating since 2009. It builds VR/AR/XR training simulators, bespoke XR applications and the Curation Station device and content management system. It serves mining, rail, transport, construction and architecture. Much of its work appears bespoke and high-touch. It entered voluntary administration in September 2026 under Jirsch Sutherland. I found no public sale notice.

Human hours a week after AI	10-20 if any enterprise customers and the Curation Station hardware or licence support continue. The range is uncertain because the revenue base is unknown. It could drop to 3-6 if only the ARQTEN or NOVATEN software is bought and customers self-serve.
AI and tools can do	Dependency and engine updates, release builds, licence provisioning and invoicing through ARQTEN, first-line support emails, backups and monitoring, and the website.
Operating changes	The buyer would stop bespoke project work and demos, and move customers to email and self-service support. The buyer would likely drop the hardware-bundling and enterprise sales services. Contracts and warranties that survive administration would have to be honoured until they end, which is unknown. Price rises and the loss of high-touch enterprise customers are likely costs.
Stays human	Hardware and headset device issues, enterprise customer calls, content updates and XR platform compatibility fixes (Meta/Pico/OS changes), and any warranty obligations. There would also be a sales effort if the buyer wants new customers.
Why valuable	It has 15+ years of XR product development in industrial verticals. Curation Station and ARQTEN are possible recurring-licence and device-management products, and the assets could be cheap in a distressed sale.
Fit	Weak to moderate. It is B2B and owns its IP, but the business is bespoke, hardware-linked and enterprise-sold, and the recurring revenue is unverified. The best fit would be a narrow purchase of ARQTEN or NOVATEN code only, if they have paying licensees.

Next step

Contact Christopher Baskerville at Jirsch Sutherland and ask whether a sale process or expressions-of-interest notice exists. Ask for a list of the IP assets, including source code for ARQTEN, NOVATEN and Curation Station, and for any recurring-licence customers and contracts. Also check web.archive.org captures of the NOVATEN and ARQTEN pages and the Jirsch Sutherland insolvency notice page.

Risks

Bespoke, high-touch project model
Hardware dependency and warranty obligations
IP may be encumbered by engine licences, third-party assets or customer ownership of content
Enterprise customers may leave after the insolvency
Two administration dates were reported (14 and 16 September 2026), which may be a data quirk or a second appointment, and it is not clarified
Key developers may have left

Unknowns

Whether any customers pay recurring licence or maintenance fees, and how many
Revenue, profit and customer counts
Source code and repository state
Whether Jirsch Sutherland has published a sale process or an expressions-of-interest notice
Whether a Deed of Company Arrangement or a sale of the whole business is likely
Product pages for NOVATEN and ARQTEN, which gave no detail
Archived pages, reviews and case studies, which I did not check beyond the home page

Researched 16 Oct 2026 00:30 · US$0.06

Score

Dimension	Rating	Evidence	Why
recurring_customers	?	unknown	No evidence of subscriptions, licence renewals or customer counts. A service warranty and ARQTEN licence management are mentioned, but nothing shows they are paid and recurring.
software_ownership	3/5	inferred	The products are branded as its own, and the company has built XR software since 2009. I have not confirmed IP ownership or whether it is transferable (Unity or Unreal engine licences, third-party assets and customer-owned bespoke content could all complicate it).
customer_stickiness	?	unknown	No case studies or deployment details. Curation Station fleets could be sticky, but this is unverified.
low_operational_complexity	1/5	inferred	The business is hardware-linked (headset cabinets), has bespoke project work and sells to enterprises with demos. Customers are likely to need device support and content updates. Little of that can be automated away, and the buyer is one part-time person.
technical_recoverability	2/5	unknown	The stack is undisclosed. XR apps are probably Unity or Unreal, which one engineer can maintain, but the code, source repositories and build pipelines are unknown, and there is device-management complexity.
acquisition_accessibility	3/5	unknown	Jirsch Sutherland is a named, contactable administrator, but I found no sale notice. The administration is recent, so a sale process may still be run.
capital_fit	2/5	unknown	Price is unknown. The business has been operating since 2009 and has hardware and enterprise customers, so assets could cost more than A$30k, or could go cheaply in a distressed sale.

Evidence

inferred	The company presents Curation Station as its own enterprise system, with ARQTEN and NOVATEN as its named products. “securely host and charge up to 16 VR Headsets”	realseriousgames.com
unknown	The page mentions a service warranty and ARQTEN licence management, but I found no subscription terms, pricing or customer counts. “Manage contents,licences & updates”	realseriousgames.com
inferred	The company sells bespoke and hardware-linked XR work and offers demos, which implies a high-touch, per-customer operation. “Book a demo”	realseriousgames.com
unknown	The administrators are named in ASIC data. I found no sale notice and no web coverage of the administration.	realseriousgames.com
unknown	The site lists industries served but names no customers, and I found no case studies. “benefited industries like mining, rail, transport, construction, and architecture”	realseriousgames.com

Company

Practitioners	Christopher John Baskerville (Jirsch Sutherland); BASKERVILLE, CHRISTOPHER JOHN
Industry	Computer System Design and Related Services · Queensland
Pre-filter	industry industry: Computer System Design and Related Services

History

2026-09-14 Voluntary administration (BASKERVILLE, CHRISTOPHER JOHN)
2026-09-16 Voluntary administration (Christopher John Baskerville (Jirsch Sutherland))

ASIC notices

publishednotices.asic.gov.au notice

Screen

The pages name several XR software products (NOVATEN, ARQTEN, and the Curation Station enterprise system) and describe off-the-shelf hardware and software packages sold to customers, though much of the work is also bespoke.

realseriousgames.com · live · matched by name+domain
“RSG | AR VR XR Solutions Real Serious Games "> WE CREATE INNOVATIVE AND ENGAGING WAYS FOR OUR CUSTOMERS”

Curation Station (RSG XR Enterprise System) “Streamline your XR Content Management - securely host and charge up to 16 VR Headsets with RSG XR Enterprise System!”

ARQTEN “ARQTEN Manage contents,licences & updates”

NOVATEN Interactive Product Viewer “NOVATEN Interactive Product Viewer”

customers: Testimonial from MyPotentia says it continues to use RSG for product support and further development of a software assessment product “MyPotentia continues to employ RSG’s expertise for product support and further development.”

customers: Company states it has served more than 60 clients “Clients Served 60 +”

revenue_model: ARQTEN is described as managing licences and updates, indicating software licensing “ARQTEN Manage contents,licences & updates”

revenue_model: Solutions are described as off-the-shelf hardware and software packages, with no prices stated “Our unique off the shelf solutions include Hardware and Software packages”

recurring_services: Offers ongoing remote support as part of its delivery model, with no pricing or plan terms stated “Whether it's ongoing 24/7 remote support or simple on site setup to go”

technology: Curation Station hosts and charges VR headsets through an XR enterprise system “securely host and charge up to 16 VR Headsets with RSG XR Enterprise System!”

Website probe

high_touch

high_touch: and security. Whether it's ongoing 24/7 remote support or simple on site setup realseriousgames.com