Navigation Links
Surging Demand for Innovation Services Leads to Record Expansion for NineSigma
Date:12/9/2011

CLEVELAND, Nov. 21, 2011 /PRNewswire/ -- Already partnering with 43 of the companies honored by Thomson Reuters as the world's Top 100 Innovators, NineSigma today announced a record year of expansion, fueled by businesses' increased recognition that innovation is critical to their long-term growth.

"The organizations that continue to surge ahead are those that never hesitate in their quest to innovate," said Andy Zynga, Chief Executive Officer of NineSigma, the leading worldwide provider of innovation services. "In particular, the ability to embed collaborative innovation across the organization is a key and winning differentiator in today's global marketplace."

Indeed, innovation distinguishes the Fortune 500 companies that are NineSigma's clients, including the largest food companies, auto manufacturers, energy companies and more. The firm has partnered with 30 percent of Fortune 50 corporations across industries, and 69 percent of the Fortune 50 in the manufacturing/processing sector. This level of market penetration has propelled NineSigma's growth to 20 percent in 2010, as new clients from around the world continue to choose its services. Among those that worked with NineSigma for the first time this year are the Big Idea Group, Bostik, CEVA Sante Animale, CIBA VISION Corporation, Harsco, the Propane Education & Research Council (PERC), and STERIS Corporation. In addition, as demand for its services continues to rise, particularly in the areas of health, energy, and sustainability, this profitable company expects to double its revenues within 2-3 years.

NineSigma has completed more than 2,000 innovation projects, and has helped customers reach potential partners from 116 countries. These solution providers have submitted more than 30,000 proposals on everything from materials to prevent chocolate from melting, to direct green laser technologies for automotive applications.

As demand for its services continues to rise, NineSigma has also opened locations in closer proximity to its worldwide client base. The company opened a Japanese headquarters five years ago, a European headquarters three years ago, and an Australian office this year.

Founded in 2000, NineSigma helped to pioneer the strategy of Open Innovation (OI), where organizations "connect with the world" for knowledge and solution providers who will accelerate their innovation cycle -- whether to achieve a competitive advantage with a breakthrough product, or to solve a pressing global challenge, such as the eradication of AIDS. The company's services include fully facilitated technology searches; technology landscaping; design and prototyping of new products; coaching and consulting with innovation leaders and their teams; trend monitoring and strategy; and much more. In its searches for new solution providers, the firm blends a unique approach to defining needs/challenges, reaching across traditional boundaries, and filtering responses to quickly match clients with quality technologies and knowledge that they require.

With $2.5 million in debt financing, secured this year from BlueCrest Capital Finance, L.P., NineSigma is in a position to continue its worldwide growth, and has recently hired a number of new people, as well. They include Vice President of NineSigma Australia Darren Coomber, sales executives Marcel Zillig (Germany), George Vincent (UK), Marcus Brady and Stephen Fanjoy (Canada), plus nine other strategy, sales, and delivery resources across the business.

"Organizations around the world recognize that innovation is vital to our economic future, and we're delighted to contribute to the landscape ahead," added Mr. Zynga.

About NineSigma
NineSigma engages organizations with external innovation resources and enables them to share knowledge to accelerate the innovation cycle, whether they are in the private, public, or social sectors. Their proprietary and collaborative process has produced billions of dollars in tangible value. Companies such as Kraft, Philips, L'Oreal, Unilever, Denso and Suntory utilize NineSigma's Open Innovation services to solve immediate challenges, fill product pipelines, integrate new knowledge into their organizations, close development gaps, and improve financial performance. NineSigma has the largest open global network of solution providers and an extensive database of existing solutions that spans all industries and technical disciplines. Our team integrates professionals from a variety of fields, including business leaders, innovation consultants and Ph.D.-level scientists. Learn more at ninesigma.com.

Media Contact:
Dawn Ringel, Warner Communications, dawn@warnerpr.com, (781) 449-8456

 


'/>"/>
SOURCE NineSigma
Copyright©2010 PR Newswire.
All rights reserved

Related biology news :

1. Surging Demand for Innovation Services Leads to Record Expansion for NineSigma
2. Scent on demand: Hebrew University scientists enhance the scent of flowers
3. Peptides-on-demand: McGill researchers radical new green chemistry makes the impossible possible
4. New renewables to power 40 per cent of global electricity demand by 2050
5. Growing Demand for Rapid Screening and Detection Systems Pushes the European Maritime Security Market, Finds Frost & Sullivan
6. New genomic research to tackle supply and demand issues in emerging forestry biofuels industry
7. ID Analytics Expands Availability of On-Demand Identity Intelligence Solutions for the Government Market
8. Next-generation microcapsules deliver chemicals on demand
9. Digital Dining Customers Demand Fingerprint Biometrics in Point-of-Sale Technology
10. TriCipher myOneLogin SignatureBook Offers Digital Signatures On-Demand
11. Researchers create self-assembling nanodevices that move and change shape on demand
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/3/2016)... , May 3, 2016  Neurotechnology, a provider ... MegaMatcher Automated Biometric Identification System (ABIS) , ... multi-biometric projects. MegaMatcher ABIS can process multiple complex ... any combination of fingerprint, face or iris biometrics. ... SDK and MegaMatcher Accelerator , which ...
(Date:4/19/2016)... -- The new GEZE SecuLogic access control ... system solution for all door components. It can be ... interface with integration authorization management system, and thus fulfills ... dimensions of the access control and the optimum integration ... considerable freedom of design with regard to the doors. ...
(Date:3/31/2016)... 2016   LegacyXChange, ... "Company") LegacyXChange is excited to release its ... to be launched online site for trading 100% guaranteed ... will also provide potential shareholders a sense of the ... an industry that is notorious for fraud. The video ...
Breaking Biology News(10 mins):
(Date:5/24/2016)... , ... May 24, 2016 , ... ... diabetes, and traumatic injuries, will be accelerated by research at Worcester Polytechnic Institute ... engines of wound healing and tissue regeneration. , The novel method, developed by ...
(Date:5/24/2016)... Maryland (PRWEB) , ... May 24, 2016 , ... ... of a newly re-branded identity. The new Media Cybernetics corporate branding reflects a ... world of imaging and image analysis. The re-branding components include a crisp, refreshed ...
(Date:5/23/2016)... , May 23, 2016 Zimmer Biomet Holdings, Inc. ... today announced that its Board of Directors has approved the ... second quarter of 2016. The cash dividend ... July 29, 2016 to stockholders of record as of the ... dividends are subject to approval of the Board of Directors ...
(Date:5/23/2016)... ... May 23, 2016 , ... RoviSys, a ... based in Aurora, Ohio, has broken ground on a new building in Holly ... Park area, this new location solidifies a commitment to business in the region. ...
Breaking Biology Technology: