ideaPoint Enables Open Innovation, Launches First Web Application to Improve Communication and Deal Flow Between Inventor & Commercial Communities

BOSTON, MA--(Marketwire - June 25, 2008) - ideaPoint, an emerging leader in web software applications that enable Open Innovation business models, today announced the launch of its flagship product, ideaPoint™ Innovation Portal -- a fully integrated Web application that connects inventors with organizations to streamline the development of new commercial technologies. Currently serving companies in the Life Sciences and Healthcare market, ideaPoint has a growing sales pipeline of more than 500 companies with early revenues from customers such Pfizer and six divisions of Johnson & Johnson, including the Johnson & Johnson Corporate Office of Science and Technology (COSAT), Ethicon, DePuy and Cordis. The solution is now available as an enterprise software suite, or as a hosted service.

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