TAMPA, Fla. -- Innovaro, Inc. (NYSE Amex: INV), the leader in innovation services, today announced the release of Version 1.0 of "Innovaro LaunchPad" its innovation management and acceleration platform. This represents the release of the software platform based on over 15 years of proven innovation process and methods.
LaunchPad will enable companies to access, apply and extract value from a world class, proven innovation methodology while shortening the introduction lifecycle and substantially reducing the risk associated with new product or business launch. Innovaro LaunchPad allows users to quickly realize and validate new concepts while maximizing and leveraging existing core competencies within the organization. The rigorous and disciplined methods incorporated into the solution, along with advisory support, will enable teams to consistently create, innovate and build new growth platforms while building a repository of breakthrough concepts. In addition the LaunchPad software integrates NLP (Natural Language Processing) and semantic annotation technology, advanced text mining and clustering algorithms to help companies gain insight faster from the ever increasing amount of information being created both within the enterprise and from the Internet including social media channels.
Dennis Hooker, Innovaro Sr. Vice President said, "LaunchPad successfully addresses the need for businesses to consistently create breakthrough business opportunities while significantly limiting risk associated with a new product or line of business launch. LaunchPad delivers maximum value by making the entire innovation process scalable and repeatable thereby delivering ongoing value on a single investment. Innovation remains one of the top three priorities for over two thirds of businesses today and our new solution is directly focused on helping companies fulfill that need. It represents a step-change improvement in innovation effectiveness. We are very pleased to be able to release V1.0 as the "Innovation Engine" and a large step into the future. We believe LaunchPad continues to demonstrate the success of our commitment and continues the evolution of Innovaro as an innovation solutions company."
About Innovaro, Inc.
Innovaro, Inc. is a comprehensive end-to-end innovation solution provider. With fully scalable solutions, whether for a global 1000 company, small R&D lab, or university scientist, we help our clients create breakthrough innovation, realize latent value in their IP and accelerate their innovations to market. Leading companies trust us to create profitable growth, new revenue streams, enduring capabilities and lasting value through innovation. For more information about us, please visit our website at www.innovaro.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expects," "should," "believes," "anticipates" or words of similar import. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements and these factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release is available on Innovaro's website www.innovaro.com.
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