Copenhagen, Denmark. July 10th, 2014

Configit A/S Acquires 3Dfacto A/S:

Creates a New Scandinavian Market Leader in Configuration Software

July 10, 2014 (Copenhagen, Denmark) – Configit A/S today announced its acquisition of 100% of the shares of 3Dfacto A/S from private shareholders.

Configit, headquartered in Copenhagen, Denmark with offices in the UK, USA, Germany, India and China, is a fast-growing, independent software vendor that offers third generation configuration solutions to companies with product configuration needs.

Configit was founded in 2000 as a direct result of groundbreaking academic research by Professor Henrik Reif Andersen and Dr. Henrik Hulgaard, based on the patented technology, Virtual Tabulation. This technology has redefined what is possible with configuration in terms of complexity and speed and supports sales of complex products in the established market for Configure, Price, Quote (CPQ) software and the emerging market for Configuration Lifecycle Management (CLM) solutions. When used for CLM, the software supports the development of complex configurable products from cradle to grave, i.e., from the early concept and design phases throughout the full product lifecycle from manufacturing to sales, delivery, maintenance and decommissioning. The software is, for instance, used in the car industry at Jaguar Land Rover and in the industrial machinery business at ABB.

3Dfacto A/S develops CPQ software for technically advanced products with 2D-3D drawings, visualizations and solution configurations and will be available through Configit’s growing portfolio. The addition of 3Dfacto’s products, employees and customers solidifies Configit as one of the largest companies in an international market growing at a rate of more than 25% year over year.

“With the acquisition of 3Dfacto, Configit has a complete configuration software offering for manufacturing companies of all sizes,” confirms Configit CEO, Prof. Henrik Reif Andersen. “We are excited to complete this important step in our plan to stay technologically advanced and ahead of competition.”