SOURCE: InnoCentive

January 24, 2008 14:54 ET

David Ritter Joins InnoCentive® as Chief Technology Officer

Boston Consulting Group Partner Brings 25 Years of Technology, Business Strategy and Software Engineering Expertise to InnoCentive

WALTHAM, MA--(Marketwire - January 24, 2008) - InnoCentive, Inc., the leader in Prize-Based Open Innovation sourcing, today announced David Ritter has joined its executive team as Chief Technology Officer. Ritter's background in the development, management and strategic implementation of web technologies will support InnoCentive's ever expanding community of solvers meeting the next generation of challenges.

News Highlights

--  Most recently Ritter worked as a partner and managing director at
    Boston Consulting Group (BCG) where his focus was on Fortune 50 companies
    and large enterprises.  Prior to BCG, Ritter held positions as CTO at
    VerticalNet and as VP Engineering at Firefly Network (acquired by
    Microsoft).  He has also held executive positions at Oracle Corp., Software
    Publishing Corporation, MHT Software, C Generation Technologies and
    Unidata, Inc.
--  At InnoCentive, Ritter will manage the growth of product management,
    product development and the IT Operations functions.
--  Ritter's areas of technical expertise include Internet and web
    technologies, graphical user interface design, application development
    languages and tools, database systems, object architectures and On-Line
    Analytical Processing.
--  Ritter studied Computer Science and Theater at the Georgia Institute
    of Technology.
    

For a complete biography of David Ritter, please visit: (link to bio on web site)

Company Quotes

Dwayne Spradlin, CEO, InnoCentive, Inc.

"InnoCentive is at the forefront of open innovation, allowing companies and organizations to challenge our community of solvers and reward them for their results. Within this industry our company must continue to be dynamic and cutting edge and having David join us with his wealth of business experience and technical expertise will be a key component to our growth in 2008 and beyond. David's leadership will have a profound impact on our products and services to help us exceed our business goals."

David Ritter, CTO, InnoCentive, Inc.

"The market for crowdsourcing and open innovation has grown significantly in recent years. InnoCentive's roots in this space provide the company with the deep understanding and insight required to help businesses successfully uncover the solutions to their innovation challenges. 2008 should prove to be a landmark year for the open innovation industry, and working with the InnoCentive team, we will continue pushing the strategy and technology our community has come to expect."

About InnoCentive

Founded in 2001, InnoCentive built the first global web community for open innovation, enabling scientists, engineers, professionals and entrepreneurs to collaborate to deliver breakthrough solutions for R&D-driven organizations. InnoCentive Seekers, who collectively spend billions of dollars on R&D, submit complex problems to the InnoCentive Marketplace where more than 135,000 engineers, scientists, inventors, business people, and research organizations in more than 175 countries are invited to solve them. Solvers who deliver the most innovative solutions receive financial awards ranging up to US$1,000,000. InnoCentive's Seekers include commercial, government and non-profit organizations such as Eli Lilly and Company, Janssen, Solvay, GlobalGiving and The Rockefeller Foundation.

For more information on InnoCentive, go to: www.innocentive.com.

InnoCentive and InnoCentive Challenge are registered trademarks of InnoCentive, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.

Contact Information

  • For More Information Contact:
    Jessica Devaney or Carole Hutchinson
    Email Contact
    781.356.7100