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TECH SOFT 3D COMPLETES ACQUISITION OF THEOREM SOLUTIONS

Topics:
 * News

Written by Kevin Levy
Posted on 04 Jun 2024
3 mins
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Acquisition Cements the Company’s Position as the Leading Provider of CAD Data
Translation and Re-use for Both Application Developers and End-Users

June 04, 2024 – BEND, OR – Tech Soft 3D, the leading provider of engineering
software development toolkits, today announces that it has acquired Theorem
Solutions, makers of advanced solutions for CAD data translation and publishing.
This acquisition is in line with the company’s plans to fuel growth by investing
in product development, scaling the company’s global reach and increasing its
product offerings through acquisitions.

Theorem’s CADTranslate and CADPublish products complement Tech Soft 3D’s HOOPS
Exchange and HOOPS Publish software developer toolkits (SDKs), and creates an
ecosystem of data translation, publishing and 3D PDF solutions for end-users and
developers alike. Additionally, Theorem XR solutions provide capabilities for
manufacturers to use their 3D CAD data in extended reality (XR) applications for
numerous manufacturing use cases, such as design review, factory layout and
more.

“We have long admired and appreciated Theorem’s deep expertise in CAD data
exchange and have had a chance to work closely with the team as they created
their solutions,” said Ron Fritz, CEO of Tech Soft 3D. “This acquisition not
only makes Tech Soft 3D a one-stop shop for the most comprehensive set of CAD
data translation and publishing solutions, and is also in line with our vision
of helping users, developers and enterprises leverage the full value of their 3D
data.”

The Tech Soft 3D organization will continue to be focused on providing core
intellectual property to developers, while the Theorem team will continue to
focus on delivering products directly to industrial end-users.

Mark Stowe, CEO of Theorem added, “Over the years, Theorem has built products on
top of certain core component technologies from Tech Soft 3D, so we know the
teams are compatible and our technologies complementary. We also know that we
share a vision of how to extend the value of 3D data for manufacturing
enterprises and their supply chains. We’re extremely excited about what we can
achieve together.”

Tech Soft 3D intends to continue to maintain and support Theorem’s existing
customers that are using its CADTranslate, CADPublish and TheoremXR offerings.
Details of the acquisition are not disclosed. Tech Soft 3D is backed by global,
technology-focused investment firm Battery Ventures.

About Tech Soft 3D

Tech Soft 3D is the leading provider of engineering software development
toolkits. Established in 1996 and headquartered in Bend, Oregon, Tech Soft 3D
also has offices in California, France, England, Japan and Norway. The company’s
toolkit products power more than 700 unique applications running on hundreds of
millions of computers worldwide. Tech Soft 3D is backed by investment firm
Battery Ventures. For more information, visit www.techsoft3d.com

About Theorem Solutions

Theorem Solutions enables engineering and manufacturing companies to extend the
use of their 3D design data in the latest innovative and emerging technologies.
Established in 1991, and headquartered in Staffordshire, UK, with further
offices in Michigan, USA. Theorem provides specialist tools for CAD Translation,
Interactive Documentation (3D PDF) and Full Scale Immersive XR Visualization and
Collaboration (Augmented, Mixed and Virtual Reality), to meet the needs of
engineering today and for the future. For more information, please visit
www.theorem.com

HOOPS is a registered trademark of Tech Soft 3D. All other products or company
references are the property of their respective holders.


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