HYPE, a provider of “idea and innovation management solutions”, has closed a multi-million Euro growth financing round via funds advised by European private equity firm ViewPoint Capital Partners. The investment will be used to boost the Bonn, Germany-based company’s worldwide sales and marketing efforts.
HYPE’s main product is HypeIMT, described as an end-to-end software solution designed to enable companies across all industries to manage the idea and innovation process. It offers a more efficient and open way “to capture, manage and process ideas for innovation and organizational excellence on an enterprise-wide basis” and, ultimately, improve ROI on R&D.
Since launch in 2001, HYPE claims over 130 installations in 12 countries, including for leading enterprises, such as BASF, Bosch, General Electric, Nokia-Siemens, Procter & Gamble, Roche, Siemens, Lockheed Martin and General Motors.
Urs Ehrismann, Managing Partner of ViewPoint, comments on the investment: “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.”