Theorem Solutions sold to Tech Soft 3D, backed by Battery Ventures

Theorem provides a suite of CAD Translation and Extended Reality Software Solutions, including 3D Visualization and Digital Twin, for the engineering metaverse. Theorem, established in 1991, has a long-standing blue-chip client base which include Ford, Land Rover, Airbus, Rolls Royce and BAE Systems. Theorem is headquartered in Staffordshire, UK, with offices in the USA.

Tech Soft 3D, backed by Battery Ventures, is a leading provider of engineering software development toolkits, with offices in the USA, France, England, Japan and Norway. The company’s toolkit products power more than 700 unique applications running on hundreds of millions of computers worldwide. The acquisition cements Tech Soft 3D’s position as the leading provider of CAD Data Translation and Re-use for both application developers and end-users.

Battery Ventures partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York.

Clairfield worked closely with Theorem to prepare the business for a sale and position Theorem in order to maximise shareholder value.

Clairfield International acted as exclusive financial advisor to Theorem Solutions Limited.

“The Clairfield Team provided invaluable advice and supported us at every stage of the sale process. Their deep understanding of the software sector helped us achieve a fantastic result.”
— Mark Stowe, CEO of Theorem