Rock Hill, S.C.-based 3D Systems Corp. has a new subsidiary. The maker of additive manufacturing devices announced today that it has acquired cloud-based collaborative design and project management company TeamPlatform for an undisclosed sum.

3D says it will be able to use TeamPlatform's technology in both its professional and consumer products, easing product design, engineering, and other tasks for its customers.

3D CEO Avi Reichental said in the company's press release: "TeamPlatform's powerful collaboration tools connect and expand our growing 3D content-to-print portfolio, multiplexing global productivity and real-time collaboration for our customers. We intend to immediately integrate [TeamPlatform's technology] into our Geomagic Solutions and Cubify platforms for the benefit of our professionals and consumers globally."


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The article 3D Systems Buys TeamPlatform originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of 3D Systems and has the following options: short January 2014 $36 calls on 3D Systems and short January 2014 $20 puts on 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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