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ESW Capital buys search platform SLI Systems

ESW Capital LLC bought cloud-based search platform SLI Systems Ltd. for an undisclosed amount.

New Zealand-based SLI Systems will be integrated with ESW's Think3 portfolio and will also become a main component of the ESW/Think3 PRIME solution for e-commerce.

Think3 founder Andy Tryba became CEO of SLI Systems following the transaction. Think3 is a private equity fund that targets software-as-a-service companies.