The Munich-based startup will continue its business under the Innosabi brand as part of the Questel Group. Questel, in turn, will integrate the Innosabi software into its product portfolio and offer it to new customers worldwide as well as to its existing customer base of approximately 6,000 companies. In this way, both companies aim to complement their offerings in innovation creation, intellectual property management, and data-driven business intelligence. By joining Questel, the successful Munich-based startup aims to grow faster, including internationally. The international group of companies appears to be a good partner for this, as it currently generates 50 percent of its revenue in North America, 30 percent in Europe, and 20 percent in Asia.
Innosabi sells majority stake to Questel
For Catharina van Delden, co-founder and CEO of innosabi, the integration of her company into Questel is the next logical step in pursuing her corporate vision:
"Since Innosabi's first day, we've always believed that innovation happens where the right people, ideas, and knowledge come together. That's exactly what's happening now, as Innosabi becomes part of Questel."
Together, the two companies aim to expand the way data is used and managed in creating innovations. Van Delden adds:
“We are very much looking forward to turning this potential into new, innovative tools for our customers.”
Strategic partnership
Charles Besson, CEO of Questel, shares this view and says:
"Because intellectual property protection is interwoven with all successful innovation initiatives, Innosabi's software is highly synergistic with what we do best. [...] Innosabi has an exceptional track record of supporting its clients' innovation programs and ensuring that innovation is about more than just ideas. This makes them a perfect fit for the Questel Group."
For Questel, Innosabi is the third acquisition in this area. The group offers Software platform for the research, analysis, and management of inventions and intellectual property and has over 900 employees in 30 countries. The Munich-based startup, in turn, is one of the leading providers of software solutions for collaborative innovation and idea management.
2010 by Catharina van Delden, Jan Fischer, Hans-Peter Heid and Moritz Sebastian Wurfbaum foundedThe company now employs 55 people. International corporations such as Siemens, Daimler, and Deutsche Telekom use the startup's software to transform their innovation processes. The young company is continuously developing further innovative analysis and evaluation mechanisms to make more information and additional data sources available for corporate innovations.
