Italy's think3 was all over the news a year or two ago after UAE-headquartered Versata bought it -- partially.
We see over and over again that equity firms don't understand the subtleties of the CAD world (c.f. Battery Ventures buying up CAM), and so Versata discovered that it ended up with a partial purchase -- all of think3 outside of Italy.
And so we have two think3 software packages, one developed by Versata's contracted generic programmers and one by the original programming team in Italy. Indeed, the only way to tell the difference is by the TLD [top level domain] in the URL, because the logos are identical for both companies.
What I find striking is how the content of each company's Web site differs. It is is telling:
- At www.think3.com, Versta declares victories in court rulings last October and August, but provides no information about the software for which they have battled so hard.
Which version of think3 would you support?