NineSigma has partnered with 43 companies honored by Thomson Reuters as the world’s Top 100 Innovators and achieved 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.” – Andy Zynga Chief Executive Officer NineSigma
“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.
It 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.
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.