Schneider Electric Automation and Think & Do Software (Ann Arbor, Mich.) venture capitalists have agreed to merge Steeplechase Software—bought by Schneider on Nov. 22, 2000—with Think & Do Software. They also plan to complete a large second round of financing for their new, independent company, which will be called Entivity.
Schneider Electric Automation and Think & Do Software (Ann Arbor, Mich.) venture capitalists have agreed to merge Steeplechase Software—bought by Schneider on Nov. 22, 2000—with Think & Do Software. They also plan to complete a large second round of financing for their new, independent company, which will be called Entivity. Schneider is now a minority investor in the company. All stakeholders have nominated Think & Do’s president, Ken Spenser, to be the president of Entivity. This merger of the two leading PC-based control companies will reportedly create a company three times larger than its nearest rival. Both product lines and distribution channels will continue to be supported. [See this issue’s News section for expanded coverage and analysis.]
