BONN, Germany and ZURICH, December 20, 2010 /PRNewswire/ -- HYPE, leading provider of idea and innovation management solutions, today announced that it has closed a multi-million Euro growth financing round led by funds advised by ViewPoint Capital Partners. The investment will be used to further expand the company's leading position by strengthening sales and marketing efforts worldwide.
HYPE offers companies across all industries HypeIMT, an end-to-end software solution designed to fully leverage the benefits of an optimized idea and innovation management process. HypeIMT delivers the solution required to capture, manage and process ideas for innovation and organizational excellence on an enterprise-wide basis. Since the product launch in 2001, the company has rapidly expanded its international market presence.
"HYPE has a unique position as a clear market leader in a fast-growing market niche. With a solution that addresses all challenges faced in an innovation process and the unprecedented ability to easily adapt to customers' needs, HYPE has a strong competitive advantage," says Urs Ehrismann, Managing Partner of ViewPoint. "The company has already demonstrated an impressive track record with an annual growth rate of 40% over the last seven years and a broad base of international blue chip customers."
"We feel that ViewPoint with its market insight and know-how as an experienced growth investor and software specialist is the perfect match for us," says Dr. Enno Scholz, CEO and Co-Founder of HYPE. "In the past months, companies of all sizes and in all geographical locations have expressed strong interest in our innovation management solution. With additional capital, we will quickly expand to serve our rapidly-growing customer and prospect base, while further extending our solution excellence and leadership, also in the SaaS environment."
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SOURCE HYPE Softwaretechnik GmbH