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InnoCentive Acquires OmniCompete Limited

Date:
Monday February 06, 2012

Company Name:
InnoCentive

Company Website:
http://www.innocentive.com

Categories:
Internet

Deal:
Acquisition

Source:
http://bit.ly/zk7YyI

InnoCentive, Inc., the pioneer in open innovation and crowdsourcing, today announced its acquisition of UK-based OmniCompete Limited. Best known for its annual Global Security Challenge, OmniCompete has executed nearly two dozen high-profile Challenges throughout its history in the areas of security, energy, healthcare, and cloud computing. Adding to InnoCentive’s recent successes in Grand Challenges – awarding a winner for the $1 million Prize4Life Challenge and the partnership with Life Technologies for its multi-million dollar Life Grand Challenges program – this acquisition further establishes InnoCentive as the global standard for high value competitions and Challenges whose solutions have far-reaching consequences in the areas of human health, public safety, education, the environment, and energy.