Verizon is buying virtual reality company Jaunt

As part of the deal, Verizon will acquire some of Jaunt's software and technology, among other assets.

The start-up develops tools that enable brands and consumers to make high-quality VR content, among other things.North Face offers a virtual reality experience using Oculus and Jaunt technology to provide customers with a view of what it's like to rock climb and base jump.has acquired some assets of virtual reality video start-up Jaunt XR, the company announced Monday. Terms of the deal weren't disclosed.

The company, which was founded in 2013, established a foothold in virtual reality technology, developing hardware, software, tools and apps that enable brands and consumers to make high-quality VR content. Jaunt later launched a Netflix-style content library for VR headsets, before

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