CoCreate Software purchased by HBK Investments

FORT COLLINS – Six years after spinning off from Hewlett Packard Co., CoCreate Software Inc. has a new owner.

The private equity arm of Dallas-based HBK Investments LP purchased complete interest in the software developer. Since the 2000 buyout from HP, investors Triton Fund and 3i Group have held a majority interest in the company.

CoCreate develops product lifecycle management and dynamic modeling applications.

“CoCreate’s first-half performance has been strong, signaling a momentum shift for the company with its innovative approach to 3-D product development and product lifecycle management,´ said CoCreate CEO William Gascoigne in a prepared statement.

CoCreate, co-headquartered in Fort Collins and…