CIMdata PLM Industry Summary Online Archive

3 November 2009

Company News

NovaQuest Expands Solution Portfolio to Include Invention Machine Goldfire

NovaQuest® announced that it has signed a reseller agreement with Invention Machine to market its innovation software, Invention Machine Goldfire, in the United States. NovaQuest is the first U.S.-based reseller for Invention Machine, and joins Invention Machine’s growing list of resellers to help meet the escalating demand for Goldfire worldwide.

Invention Machine Goldfire helps companies innovate continuously, accelerating and sustaining product innovation. Its semantic technology translates ideas into market-leading products by generating and validating the right ideas the first time —whether it’s next-generation biofuels, high-performance rocket engines or FDA-compliant food products. Today, Invention Machine helps organizations worldwide deliver innovative products that are increasingly beneficial to consumers while reducing development and manufacturing costs.

“Driving revenue through sustainable innovation is mandatory in today’s economy,” said Mark Atkins, CEO & Chairman, Invention Machine. “This collaboration will further empower NovaQuest customers to fuel the product pipeline with the right products and maintain their competitive edge.”

Under the terms of the agreement, NovaQuest will promote and sell Goldfire in the United States and will provide technical support to customers through the implementation process and ongoing maintenance.

“By collaborating with Invention Machine and adding Goldfire to our portfolio, we are enhancing the most important value-add NovaQuest provides to our clients, which is helping them in their pursuit of innovation,” said Joel Lemke, President and CEO of NovaQuest.

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