The worldwide feedback from the Thihk3 customers and partners has been truly incredible and we look forward to organizing new events and announcements for the think3 Design Community.” We have also decided to offer all customers a grace period until the end of the year to cover any assistance even if customers currently have a maintenance contract with Versata.
#Think3 and esw code#
#Think3 and esw software#
has not been paying its Indian subsidiary Think 3 India, and has even withdrawn management support, leaving employees out on a limb,” CNBC-TV18’s Vineetha Athrey reported (” How has recession hit Think 3 India and its employees?” December 30, 2010).Įarlier this month, on May 11, Think3 once again gave the impression it was rebooting: “Think3 restarts operations and confirms that it is the only owner of the software and the intellectual property rights,” reads the announcement. When we acquire assets like Think3, we transfer the IP to our headquarters, which is a common practice for technology companies.” According to Scee, Versata specializes in acquiring companies in “a state of severe financial distress” to stabilize and revitalize them.ĭespite new leadership, Think3 continued to make headlines, not in a good way. In an online document that bears the names of both Think 3 and Versata (which, inexplicably, doesn’t link to Think3’s current web site), Austin Scee, Versata’s general manager for Think3 Division, explained, “Versata FZ-LLC is the Dubai-based international headquarters of our family of companies, which has operations all over the world. Our focus now is to grow the company by investing in our most important asset-our customers.” According to the same announcement, “Think3 will continue to operate as a stand-alone corporation within the Versata family of software businesses.” Late last year, distressed firm Think3, best known for its industrial design and styling CAD software ThinkDesign, tried to strike a positive note.Īfter Think3 was acquired by Versata last October, newly appointed CEO Scott Brighton wrote, “We are very excited to announce Think3 as the newest member of the Versata family.
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