Vertical*i, a leading provider of innovation management solutions has
announced the acquisition of Alliancesmith®, a
software platform for relationship management from Vantage Partners.
Vantage Partners is a leading provider of processes, tools
skill-building and solutions necessary to build world-class negotiation
and relationship management capabilities.
Vertical*i´s Application Suite for business
development, licensing and alliance management is widely used by
companies to scout, compare and evaluate promising in-licensing and M&A
opportunities and manage the resulting alliances.
Alliancesmith® is used by partnering
organizations to support a systematic and repeatable approach to
managing partner relationships.
The acquisition of Alliancesmith® will create
a best-of-breed alliance and relationship management portfolio spanning
the entire alliance management spectrum, with tools and workspaces to
facilitate alliance administration, managing financial and non financial
commitments, tracking issues, monitoring alliance performance, sampling
the health of the relationship and more.
"This is an extremely important strategic
acquisition for Vertical*i", remarked
Hansruedi Kottmann, President and CEO at Vertical*i Inc, "As
alliances become key components of leveraging value for many
corporations, it is critical that these relationships are managed
successfully. With the acquisition of AllianceSmith®
we are able to further enhance Vertical*i´s
Application Suite with functionality to help measure, maintain and
optimize sustainable quality alliance relationships".
"We are very excited by what this partnership
means to Vantage and to our clients,"said
Danny Ertel, one of Vantage´s founding
partners. "Bringing Alliancesmith® together with Vertical*i´s other applications
provides groups responsible for entering into and managing alliances
with a single product suite to cover the needs of the full life cycle of
relationship management. We look forward to continuing our collaboration
with Vertical*i to further increase the value of Alliancesmith® to alliance management organizations, with future enhancements and with
help building critical alliance management capabilities".
Alliancesmith® helps organizations that have
the goal to improve the health, productivity and overall success ratio
for partnerships. The health of existing alliances can be surveyed
through partnership health checks enabling pro-active management of
issues and monitor how they are resolved. Furthermore, the performance
and the milestones of the alliance can be measured, monitored and
benchmarked providing improved control, higher alliance probability of
success and ultimately increased revenue and value.
About Vertical*i
Vertical*i is a provider of business support systems that help companies
leverage the power of their internal and external innovation networks.
The Vertical*i Application Suite is a business support system that has
helped over 40 leading organizations leverage their partner
relationships to bring new products to market through licensing, M&A and
other business development deals. Vertical*i is a privately funded
enterprise software company headquartered in New York, NY. More on
Vertical*i innovation management solutions can be found at www.verticali.com
About Vantage Partners
Vantage Partners helps the world´s leading companies to effectively
structure, launch, and manage their most critical business
relationships. A spin-off of the Harvard Negotiation Project, Vantage
brings over twenty years of research and hands-on experience consulting
to Alliance, Procurement, Outsourcing and Sales groups in a wide range
of industries throughout the world. The Directors of Vantage Partners
have published several popular books, as well as numerous articles in
publications such as the Harvard Business Review and Sloan Management
Review. Access to Vantage´s full library of
research and publications can be found on www.vantagepartners.com
