Think3 Inc. Acquired by Versata Enterprises

By DE Editors

Think3, Inc., a provider of design and modeling software, will join the family of Versata affiliated software companies. Think3 provides technology that links three separate design areas: the concept, its development, and the finished product.

Think3 will continue to operate as a stand-alone corporation within the Versata family of software businesses. Atlas Capital IB LLC acted as financial advisor to Versata on the transaction. Financial details of the transaction were not disclosed.

Scott Brighton has been named chief executive officer of Think3. Brighton most recently served as president of Trilogy Enterprises.

“We are very excited to announce Think3 as the newest member of the Versata family,” says Brighton. “Our focus now is to grow the company by investing in our most important asset—our customers.  Our goal is to make our entire customer base, which includes over 31,000 customers worldwide, completely successful with Think3.“

Chris Smith, the newly appointed Chief Operating Officer of Think3, brings more than 20 years of global acquisition and consolidation experience to the position.

“Think3 now has access to Versata’s largest asset, its extensive support and development network,” says Smith, Think3 COO. “That allows us to create success for Think3 and its customers by drastically accelerating product development and improving customer support.”

For more information, visit Think3.

Sources: Press materials received from the company and additional information gleaned from the company's website.