New Customer LG Display Won in Korea by Innovation Framework Technologies, Planisware Partner

NEW YORK, July 23 /PRNewswire/ -- 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.

About Innovation Framework Technologies:

Innovation Framework Technologies helps companies dramatically improve their innovation performance by implementing management software that delivers best-practice business processes for the complete innovation and new product development value chain: idea management, strategic and technology roadmapping, portfolio management, resource capacity planning, innovation opportunity analysis, Stage-Gate™ governance and project management.

With headquarters in New York and Paris, and offices in Seoul and Tokyo, IFT operates throughout America, Europe, Asia and the Middle East.

Please visit: www.innovation-framework.com

About Planisware(TM):

Planisware is the leading global provider of world-class project & portfolio management solutions. Planisware's acclaimed configurability accommodates the company's global customers across a variety of industries – including pharmaceutical, medical device, biotechnology, energy, aerospace and defense, automotive, and high-tech – and empowers users to align the solution with key business programs and portfolio management processes. With more than 150,000 users worldwide and a 99% customer retention rate, Planisware has been recognized as an industry leader by several esteemed analysts, as well as has achieved Stage-Gate Ready(TM) and SAP® integration certifications.

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SOURCE Innovation Framework Technologies