Innovaro Announces the Availability of Their New Innovation Management Platform

TAMPA, Fla.--(BUSINESS WIRE)--Innovaro, Inc. (NYSE Amex: INV), the leader in innovation services, today announced the controlled release of Version 1.0 of its innovation management software platform. This represents the initial release of the software platform which is based on over 15 years of proven innovation process methods. It embodies those lessons learned through numerous interactions with organizations driven to innovate and incorporates the previous technology.

The new innovation management platform will enable companies to access, apply and extract value from a world class, proven innovation methodology at their own pace and according to their needs through an on-demand management platform and attendant advisory services. The rigorous and disciplined methods incorporated into the software, along with advisory support, will enable teams to consistently create innovative new concepts and new growth platforms. Subsequent releases of the software will help increase business model innovation and accelerate new revenue streams to market.

Asa Lanum, Innovaro’s CEO said, “Our new innovation management platform successfully addresses the need for businesses to consistently create breakthrough business opportunities. Innovation remains one of the top three priorities for over two thirds of businesses today and our new software 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 the initial version, demonstrating the success of our commitment and investment into the new offering. We believe that our new software 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.