NEW YORK -- Innovation Framework Technologies, the premier supplier of innovation management solutions, announces a new joint customer with its partner, Planisware, the leading provider of world-class project and portfolio management (PPM) solutions for companies across myriad industries - including pharmaceutical, biotechnology, medical device, energy, aerospace and defense and automotive.
The Korean electronics company LG Display selected IFT's NPD solution, based on Planisware, for supporting its entire R&D management process.
This new customer is testament to the strength of the Innovation Framework Technologies (IFT) and Planisware relationship, launched over three years ago.
IFT, formed by the historic executive team of Artemis - a once arch-competitor of Planisware - and particularly present in the High-Tech industry, selected Planisware's technology to start their new company Innovation Framework Technologies (IFT) in 2006.
For Patrick Ternier, CEO of IFT, said: "We could have gone for any platform in the market, given our experience, background and reputation, but after a comprehensive analysis of the available software, we found that Planisware's technology was by far the best choice."
IFT provides a configured solution of Planisware based on its own vision of "innovation excellence" for hi-tech industries, combining software, practices and processes from best-in-class research such as the work of Innovation Gurus like Drs Cooper and Edgett with which IFT has historic ties.
IFT and Planisware's approach to the expanding "innovation" market are thus deeply complementary with capabilities and practices that can address a very large range of customers' requirements. Thanks to this approach, IFT has been able to successfully gain new customers in the US, Europe Korea and Japan, and also works collaboratively with Planisware to secure high-profile reference clients in these markets.
"I believe that in the market today, the complementary approaches Planisware and IFT have been developing since the partnership inception makes both our solutions in the forefront of PPM excellence and a must look for any company willing to bring its innovation processes to the next level," adds Pierre Demonsant, CEO of Planisware.
IFT and Planisware are planning to increase further their global presence in new countries as well as expand existing joint sales and marketing operations. The ongoing partnership is instrumental to IFT and Planisware future growth in these regions.
SOURCE: LG/Innovation Framework Technologies
