Oregon Software Company Named Winner of Fundingpost's Second Annual Pitching
Across America(TM), the Largest Venture Capital Competition Ever
NEW YORK and TUATALIN, Ore., Nov. 8 /PRNewswire/ -- Innovation Asset Group
(IAG), an Oregon software company, has been named one of the top three winners
of the FundingPost (http://www.FundingPost.com) second annual Pitching Across
America(TM) competition. IAG helps companies gain the enterprise-wide
visibility needed to understand the relationships between their intellectual
property assets and contracts and commitments. IAG has created an
unparalleled, customer-focused approach to maximizing the economic potential
of any knowledge-driven organization with its DECIPHER(TM) system, an
integrated software solution for the management and valuation of IP assets and
related agreements.
FundingPost (http://www.FundingPost.com), a company that has been
introducing entrepreneurs to investors for almost 5 years, established the
Pitching Across America competition in which 100 Venture Capital Funds and
Angel Investors served as judges voting on 300 business summaries from
emerging companies nationwide. The largest Venture Capital competition ever
organized, this year's Pitching Across America was sponsored by WolfBlock and
PRNewswire. Emerging companies were evaluated on a scale of 1 to 10 and
judging criteria consisted of several key points including: the
professionalism of the written summary, current stage of development
(customers, revenue), competitive advantage and need in the marketplace,
feasibility for success, and whether the company is "VentureWorthy(TM)."
"We are very pleased to have been chosen for recognition from such an
impressive list of companies located throughout the United States," said Peter
Ackerman, CEO of Innovation Asset Group. "FundingPost, along with WolfBlock
and PR Newswire, has given us an opportunity to reach an excellent selection
of visionary investors. While our customer base continues to grow, the right
funding partner can accelerate our progress and the creation of significant
company value."
"Our Venture Capital judges found Innovation Asset Group's business
summary really compelling because they could understand the need that it
meets. With all this new legislation around Sarbanes-Oxley and reporting, it
is clear that companies will need tools to assist in compliance," said Joe
Rubin, Director, FundingPost. "Innovation Asset Group has an exciting product
and we know that FundingPost and the Pitching Across America win will benefit
them as they seek funding this year."
Pitching Across America Winner: Innovation Asset Group, Oregon
DECIPHER(TM) is a powerful business control tool. In addition to
dramatically improving day-to-day IP and contract management through the use
of a central secure electronic repository with a 24/7 monitor and alerts
engine, it gives corporate executives the enhanced strategic insight to
identify all revenue opportunities, reduce financial risks, and ensure the
highest possible return on their intellectual assets.
IAG's product is called DECIPHER(TM) because it brings visibility to
information that was previously difficult to see. The core value of most
companies in this knowledge economy is locked inside their intellectual
property assets and the contracts and agreements that commercialize them.
Financial executives and others realize now more than ever that these assets
must be carefully managed if revenues are to be maximized and risks
significantly reduced. IAG developed a unique software system that combines
the management of contracts and commitments with the IP assets that underlie
them. The same platform connects all this with a patent-pending valuation
engine using a common interface. The result is a fully integrated approach to
intangible asset management and exploitation.
With DECIPHER(TM), companies can now ensure that: 1) The right
protections, such as nondisclosure agreements and invention assignments, are
in place for valuable assets; 2) They are delivering or paying only for
products and services under active contracts; 3) They are properly collecting
or paying royalties, and; 4) They are better positioned accurately to
recognize revenues. This level of asset management is critical in today's
environment -- and it prevents companies from failing audits or delaying
regulatory filings, as well as enabling them to spend less time and money
rolling up this information for compliance and reporting purposes.
Pitching Across America Premiere Sponsor: WolfBlock
For more than 100 years, WolfBlock has helped entrepreneurial companies to
flourish. Some of our largest clients today were once among our smallest
clients. We have developed a proficiency in assisting companies from
conception through the venture capital stage and into a public offering or
exit sale. Our 300 lawyers have in-depth experience in a broad range of
industries and practice areas. With seven offices in the Mid-Atlantic region
covering the geographic corridor from New York City to Washington, D.C., our
smaller clients benefit from an unusual combination: the sophisticated
resources of a leading law firm coupled with a culture of servicing the unique
needs of rising entrepreneurial companies. For more information,
http://www.wolfblock.com or contact David Gitlin, Partner,
Corporate/Securities Chair, WolfBlock at (215) 977-2284 or e-mail
dgitlin@wolfblock.com.
Pitching Across America Sponsor: PR Newswire
PR Newswire, the world's largest distributor of news releases, has over
40,000 members worldwide -- many of which are small businesses, entrepreneurs
and start-ups. Our members benefit because their news releases are accessible
in the locations where the media goes to get raw material for their stories.
For additional information, http://www.prnewswire.com or please contact 888-
776-0942 or e-mail information@prnewswire.com.
About FundingPost
For over four years FundingPost has worked with thousands of Angel and
Venture Capital Investors and Entrepreneurs. With over 5,000 CEOs and 600
Venture Funds attending events in 15 cities nationwide; a quarterly Dealflow
magazine; and a deal-exchange website that has, on average, seen an
introduction of an Investor to an Entrepreneur every business day since its
inception; FundingPost believes that it is important to reach investors in
every medium possible -- both online and offline, and is experiencing strong
growth as the venture capital markets continue to improve worldwide.
Note to editors: For additional information regarding the Pitching Across
America competition, its winners or the its judges, please contact Aren Cohen
at FundingPost who will facilitate any one-on-one interviews with FundingPost,
the winning companies or the Venture Capital / Angel investors.
SOURCE FundingPost
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Related links:
http://www.fundingpost.com
CONTACT:
Aren Cohen of FundingPost.com,
+1-800-461-5509, press@fundingpost.com
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