SOURCE: NineSigma, Inc.

NineSigma, Inc.

NineSigma, Inc.

August 17, 2010 09:11 ET

NineSigma and KnowledgeWorks Expand Partnership to Deliver Open Innovation Services in South Korea

CLEVELAND, OH--(Marketwire - August 17, 2010) - NineSigma, the leading provider of open innovation solutions, announced an expanded strategic partnership between its Asian company, NineSigma Japan, Inc., and KnowledgeWorks Co., Ltd, a leading South Korean consulting firm specializing in technology management. The two companies have been working together for more than a year to accelerate the growth of open innovation in South Korea and help companies find innovative solutions to support their product development goals. As a result of this agreement, KnowledgeWorks will become an exclusive franchisee of NineSigma in South Korea. 

"Our shared success in the past year has led us to expand our relationship with KnowledgeWorks," said Aki Suwa, president and chief executive officer of NineSigma Japan. "The company's strong network of large corporations and trusted relationship with the South Korean government make them an outstanding partner in this growing Asian market rooted in technology innovation."

"We are very excited to see the relationship between NineSigma and KnowledgeWorks move forward after we first signed a partnership agreement last year," said Tatsuya Hoshino, vice president of sales and operations for NineSigma Japan. "By signing the new franchise contract, KnowledgeWorks will be able to provide NineSigma's high quality services to local clients while accommodating enhanced person-to-person communications."

Under this agreement, KnowledgeWorks will sell and deliver a full range of NineSigma's services to its clients who are looking to integrate new knowledge and capabilities from the global innovation community into their innovation programs in order to accelerate speed-to-market and increase competitiveness.

"As South Korea transforms from follower to innovator, there is great potential for NineSigma's open innovation services in the local market," said Dr. Chulwon Lee, chief executive officer of KnowledgeWorks. "We fully believe local clients will embrace the opportunities to extend their innovation reach, expand into new markets and broaden their network of resources at a global level."

About NineSigma
NineSigma helps Global 1000 companies and other innovation-driven entities Engage with the global innovation community and Enable their organizations to more effectively adopt external knowledge and resources. Companies such as Kraft, Xerox, Philips, Unilever, Denso and Suntory utilize NineSigma's open innovation services to solve immediate challenges, fill product pipelines and integrate new knowledge and capabilities into their organizations. NineSigma has the largest open global network of solution providers and an extensive database of existing solutions that spans all industries and technical disciplines. The company has operations in the United States, Europe and Asia. Learn more about NineSigma at http://www.ninesigma.com/.

About KnowledgeWorks
KnowledgeWorks Co., Ltd. is a leading South Korean consulting firm, working with companies and government to maximize their investment in new technology development while creating value through implementing new innovation processes. KnowledgeWorks' services include management of technology (MOT) consulting, technology transfer and commercialization services, and MOT knowledge contents services. For more information, visit http://www.knowledgeworks.co.kr/.

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