BOSTON, Mass. -- Battery Ventures, a technology-focused investment firm, announced it has acquired software company SigmaTEK Systems, the maker of SigmaNEST, a nesting product with CAD/CAM functionality that helps professional fabrication and manufacturing companies operate more efficiently on the shop floor. Specific terms of the transaction were not disclosed.

SigmaTEK, based in Cincinnati, plans to use its new resources to invest in product development, customer service, and sales and marketing. In addition, in partnership with Battery, SigmaTEK intends to pursue acquisitions to extend its industry reach and expand the company’s global footprint. Though a slight majority of the company’s customers are in the U.S., SigmaTEK has offices in 19 countries around the world.

The company also named a new CEO, veteran technology-industry executive Robbie Payne. Payne was most recently the senior vice president of operations at education-tech company IO Education in Atlanta. Previously he held senior roles at Horizon Software International.

Industries including aerospace and defense, automotive, agriculture, construction, shipbuilding, energy, commercial foodservice and others use SigmaTEK’s products. The company, which was founded in 1993, uses advanced algorithms to automate the nesting process for laying out and cutting materials (including metal, wood and composite) and helps customers optimize material yield, product quality, machine capabilities and manufacturing processes.

http://www.sigmanest.com

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