Versata In A Soup

One of the questions posed by my readers to Versata which I listed in my post titled “Questions Submitted To Versata” was:

Considering that there could be a possible roll back of the acquisition (at least some people think so), wouldn’t any payments made now be at risk? What do you have to say to comfort customers?

Today the think3.com web site has this notice:

On 2 May 2011, the trustee of Think3 Inc., appointed by the Court of Bologna, terminated the license agreement with Versata FZ LLC, pursuant to section 72 of the Italian Bankruptcy Law (Royal Decree no. 267 of 16 March 1942). As a consequence, starting from 2 May 2011 Versata FZ LLC cannot license Think3 products and/or use tradenames of Think3.

In a related development Versata has postponed the webinar that was scheduled for today by two weeks. I assume they will need the time to rework the presentation. Or maybe use the time to come up with a whole new one.

 

  • Jack

    Tomorrow’s Virtual Customer Conference has Been Postponed
    Dear Attendee,

    We are excited to announce Austin Scee as Versata’s new General Manager of think3 Products & Services. Austin will be coming on board immediately and is already on a plane heading to meet with customers in Europe and around the world. He will be introducing himself and presenting the upcoming VCC, which has been postponed until he returns in mid-May.

    There will be two separate conference sessions – one in English and one in Italian. You need only register for the one you wish to attend. We apologize for any inconvenience and will send you a notification and registration link with the updated English and Italian VCC times this week. We will also continue to post updates to think3.versata.com.

    Regards,
    Versata Events Team

    • Ah ah ah

      When reality overcomes fantasy…..

      “Austin is on a plane heading to meet with customers”!!!
      He’d better wear some effective protective gear…..

    • Nainar

      WTF? The CEO has changed at the blink of an eye? And how do they intend to sell their software in Italy with an Italian Court order restraining them from selling it? These guys really beat all the logic..

  • JhonJhon

    Now …. How many customers will follow the webinar?

    • Gtim

      here is the email from Versata.
      Tomorrow’s Virtual Customer Conference has Been Postponed
      Dear Attendee,
      We are excited to announce Austin Scee as Versata’s new General Manager of think3 Products & Services. Austin will be coming on board immediately and is already on a plane heading to meet with customers in Europe and around the world. He will be introducing himself and presenting the upcoming VCC, which has been postponed until he returns in mid-May.
      There will be two separate conference sessions – one in English and one in Italian. You need only register for the one you wish to attend. We apologize for any inconvenience and will send you a notification and registration link with the updated English and Italian VCC times this week. We will also continue to post updates to think3.versata.com.

  • Ruko

    Again great words from Versata…..
    But since 4 weeks Versata is not possible to ship requested licenses

    Versata posts:
    http://think3.versata.com/
    While this is unfortunate, it will have no impact on think3 customers in Italy or anywhere else in the world. Versata FZ-LLC (Versata) is the exclusive owner of the software that customers have licensed from the think3 distributorship or other trusted resellers. Versata is prepared to service and support all customers previously serviced by the think3 Italian distributorship at no additional cost to limit any possible disruption resulting from this event.

    Who should believe this????
    Nothing happens!!!!!!

  • Matteo

    “In a related development Versata has postponed the webinar that was scheduled for today by two weeks. I assume they will need the time to rework the presentation. Or maybe use the time to come up with a whole new one”

    Funny! Actually, it seems that the purchase was simply canceled by the court of Bologna and Think3 is not owned by Versata.

    • Nainar

      Well, technically Versata does not own Think3 or its IP, but are “Licensees” of Think3 products and technology! The courts saw through their maze of holding patterns to know the extent of fraud and cancelled the “Licensee agreement”. Now Scott is thrown out and a new guy is there as CEO of a company that has no locus standi on either think3 or its IP. Strange Strange and what you can see only in movies..

  • Jack

    there is an old nursery ryhym: I dunno how many of u know it.

    Assket and basket, green and yellow basket, verstata picked an IP and on the way it lost it…it lost ……..

    Ha ha ha….

  • Rony

    “Licensees” does that mean Verasata is a VAR of think3 now?

    • Rahul

      It would have been so nice if Versata was just a Var for think3 henceforth…and we as principle ask versata to send the forecast and go behind them with a stick so that they meet numbers….

  • Pippo

    Scott Brighton and Randy Jacops can’t go to Italy otherwise they will be jailed. This was said by the judge. And in fact they are calling customer to France.
    mwahahhahahahahhahaha
    sometimes the good wins. bye bye versata.

    • Nainar

      France? They have bankrupted the France subsidiary and had the French government take over that arm. But it will be a matter of time before French government also takes note of all this and so will the Indian government.If only the legal system in India is fast enough to put out wanted notices for Randy and Scott in India, prohibiting their entry, it would have been a nightmare for these guys to do corporate raids like these. Not just people, food and wine, the laws of Italy also too good!!!

    • Nainar

      France? They have bankrupted the France subsidiary and had the French government take over that arm. But it will be a matter of time before French government also takes note of all this and so will the Indian government.If only the legal system in India is fast enough to put out wanted notices for Randy and Scott in India, prohibiting their entry, it would have been a nightmare for these guys to do corporate raids like these. Not just people, food and wine, the laws of Italy also too good!!!

  • Rocky

    Scott Brighton might be fired. May be this is Versata’s way to reset disadvantageous communication with their enemies. Even though, can they fight against the court? I never thinks so. Sorry, Scott!!