Think Tools AG (SWX: TTO) was a Swiss IT company that rose and fell with the dot-com bubble in Europe.
However, the software, called Think Tools Suite, did not have any knowledge representation, problem-solving, or reasoning capability by itself.
The company advertising made general claims about their software's ability to strengthen organizations' ability to generate, store, and utilize knowledge, and the tools being the result of a decade-long research program at the Max Planck Institute of Physics into ways to support cognitive processes.
The downward slope of the share price resulted from analysts reporting the stock to be seriously overvalued,[4] from the allegations of plagiarism of the works by the biochemistry professor Frederic Vester in its Think Tools Suite product,[5] from the collapse of sales after the IPO, and the company's inability to progress toward implementing the visions that had raised the investors' expectations extremely high.
Only after the company's failure became apparent did the investors start questioning whether the Think Tools software actually had the capabilities claimed by von Müller.
The company has still been portrayed positively years after it ceased to exist: "A Swiss based advisory firm with a high powered board comprising former Prime Ministers, financiers, industrialist and the founder of the World Economic Forum, Klaus Schwab.