SOURCE: NineSigma

September 10, 2007 08:30 ET

NineSigma Reports Record Revenue; Poised to Double Project Volume by Year End

Momentum Solidifies Position as Open Innovation Leader

CLEVELAND, OH--(Marketwire - September 10, 2007) - NineSigma, a leading provider of open innovation solutions, today announced it has achieved record revenue, scaled project volume and expanded its solution provider network, furthering its stronghold in the open innovation market. The Company recently marked its highest revenue quarter in company history due to the accelerated pace of new customer engagements in Q1 and Q2. Project volume, which is on track to more than double 2006 figures, has continued to draw from a diverse customer base including companies in consumer food and beverage, consumer non-food, chemical and industrial, automotive, and pharmaceutical and medical industries.

Following the launch of NineSigma's Affiliate Program in 2006, the company has seen the number of affiliates grow by more than 250 percent in 2007 alone. Their reachable network of over 500,000 solution providers offers NineSigma clients global access to a breadth of technology disciplines through its trade associations, regional economic development organizations, networked companies, and individuals. Affiliate members now represent more than 75 countries through their network alliance.

"Our numbers confirm that companies are embracing the idea of open innovation," said Paul Stiros, president & CEO of NineSigma. "This year has proven to be monumental for NineSigma because our client companies realize tapping into external intelligence resources to further leverage internal R&D is the secret to their own growth."

To scale to meet client demand, NineSigma continues hiring at a significant pace, with staffing increasing by 60 percent in the first half of 2007.

About NineSigma

NineSigma's unique "Discover-Connect-Solve" approach, based on the principles of Open Innovation, enables Global 1000 clients such as DuPont, P&G, GlaxoSmithKline, Kraft and General Mills to locate, connect and facilitate real business partnerships for bringing inventive new technologies and concepts to the market. NineSigma's open network of innovators spans industries, geographies, and technical disciplines. It is the largest of its kind, and it includes universities, industry leaders, trade organizations, research labs and inventors from around the world. For more information visit:

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