CoCreate Software Secures Strategic Equity Funding

SINDELFINGEN, Germany and FORT COLLINS, Colo.- June 19, 2002 - CoCreate Software, the leading provider of collaborative product design solutions, today announced it has secured a second round of growth financing from the preeminent private equity firms 3i and Triton.

Newly appointed CEO, William M. Gascoigne, sought this strategic round of funding to accelerate CoCreate's growth. "A weak economy is the time for productivity improvement and effective design and collaboration processes are crucial in helping fast moving manufacturing organizations meet these challenges," said Gascoigne. "This funding lets us capitalize on the current business environment."

"We plan to rapidly develop our technology so we can continue to provide the best collaboration and design capabilities in the market," said Gascoigne.

Under the new leadership of Gascoigne CoCreate has aggressive growth plans. "CoCreate has always had great products," said Gascoigne. "And that has sustained the company for years. But now we are streamlined and strategically positioned for rapid growth. Our investors obviously agree." About CoCreate Since its inception in 1984, a singular vision -- "Innovation through Shared Minds(TM)" -- has propelled CoCreate to its position as a leading provider of collaborative product design solutions that allow companies worldwide to design better products faster. 

CoCreate's OneSpace Solution Suite is an integrated component of an organization's Collaborative Product Commerce (CPC) infrastructure that complements existing data and process technologies. The OneSpace Solution Suite provides a powerful, collaborative product design environment that fosters innovation and communication across the extended development team. This environment empowers people with various interests and talents to join together to explore ideas, to make more rapid and better decisions, leading to superior products and faster time to market. 

www.cocreate.com

 

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