Companies Failing to Maximize Competitive Advantage Through Poor Innovation Management

Quickly Identifying the Best Ideas and Harnessing Their Potential is Critical to Success

Boston, September 25, 2018

Many companies around the world are failing to maximize the potential of new ideas and missing out on competitive advantage due to ineffective innovation management processes, according to industry expert Scott Shaunessy.

Shaunessy is CEO of ideaPoint, an Anaqua company and acknowledged pioneer in the innovation management industry. Now celebrating its 10th anniversary year, ideaPoint provides software solutions that help global enterprises, including some of the world’s leading technology and bio-science companies, better exploit innovation opportunities and drive business growth.

“In today’s fast-paced, highly competitive commercial world, the quality of a company’s innovation management is key to maximizing the potential of new ideas and accelerating the delivery of bottom line benefits,” said Shaunnessy. “However, many companies around the world are still laboring with ineffective or non-existent innovation management processes that make it difficult to identify and monetize their best ideas. As such, they are missing out on significant opportunities to strengthen their competitive advantage.”

Founded in 2008, ideaPoint has continued to expand its client base across more than 30 countries as more and more companies see the value of an integrated approach to innovation and IP management that streamlines the process of evaluating, protecting and monetizing intellectual assets.

ideaPoint’s software enables global enterprises to capitalize on innovative ideas and technologies at any stage of development - whether they originated internally or from external parties - providing full lifecycle management of opportunities from identification, through evaluation, negotiation, and alliance management.

As part of its 10th anniversary celebrations, ideaPoint is sponsoring two major industry events: TechScout, which is being held in Madrid (September 25-26) and BioNetwork, which is taking place in Laguna Nigel, California (October 10-12). At BioNetwork, Shaunessy is moderating a panel session entitled "Spinning Out & Other Trends in Early Stage Collaborations".

About Anaqua

Anaqua is a premium provider of integrated, end-to-end innovation and intellectual property (IP) management solutions, serving 50% of the top 25 U.S. patent filers, 50% of the top 25 global brands, and a growing number of the most prestigious, forward-looking law firms. The company’s global operations are headquartered in Boston, with offices across Europe and Asia. Anaqua’s IP platform is used by nearly one million IP executives, attorneys, paralegals, administrators, and innovators globally. Its solution suite merges best practice workflows with big data analytics and tech-enabled services to create one intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations. Anaqua was founded in 2004 to commercialize software developed by corporate IP practitioners from Ford and British American Tobacco, addressing a market need for IP enterprise software. The Company later acquired SGA2 (founded in 1994) to complement its core IP management software with patent annuity and trademark renewal payment services. Since late 2015, Anaqua has accelerated execution of its global growth strategy to acquire and integrate talent, expertise, technology, and data via five acquisitions, including ideaPoint, AcclaimIP, and Lecorpio. For additional information, please visit

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