Invention Machine Adds S&T Croatia to its Growing Reseller Network

BOSTON—(BUSINESS WIRE)—December 15, 2008— Invention Machine, a leading provider of innovation software, today announced that it has signed a reseller agreement with S&T Croatia to market Invention Machine Goldfire ® Innovator in Croatia. S&T joins Invention Machine’s growing list of resellers to help meet the escalating demand for its innovation software, worldwide. S&T Croatia is part of S&T Group, the leading provider of IT consulting, solutions and services to customers in Central and Eastern Europe as well as Japan and China.

S&T’s first Goldfire Innovator customer is the University of Zagreb. The university’s Faculty of Mechanical Engineering and Naval Architecture will adopt the innovation software to train students so they are well prepared to participate in different aspects of planning, designing, implementing and operating systems, including products, processes, and projects.

“The task of modern engineering education is to help students adopt state-of-the-art technology, be socially responsible and innovative,” said, Dorian Marjanovic, vice dean, Faculty of Mechanical Engineering and Naval Architecture University of Zagreb. “Therefore extending our engineering education with new computer aided innovation tools like Goldfire Innovator should enable our students to become better innovators as they join the workforce.”

Under the terms of the agreement, S&T will promote and sell Goldfire Innovator in Croatia and provide ongoing technical support to customers, from pre-sales to implementation and beyond.

“This collaboration between Invention Machine and S&T will set the standard for sustainable product innovation in Croatia, increasing our value-add to customers,” said Krešo Galić, director, Information Systems, S&T. “Together we will help companies create a more efficient innovation infrastructure that will accelerate product development as well as support universities to develop world-class innovators.”

Invention Machine’s innovation software helps enterprises innovate repeatedly, accelerating and sustaining product innovation. Its unique semantic technology translate ideas into commercialized products by generating and validating the right ideas the first time whether it's creating a folding box spring, an engine for NASA or a new printer. Today, Invention Machine helps manufacturing organizations worldwide deliver innovative products that positively impact society and save lives.

“In today’s economy, best-in-class companies and Invention Machine customers continue to invest in innovation to maintain profitability and competitive-edge,” said Mark Atkins, CEO & chairman, Invention Machine. “This collaboration with S&T will empower Croatian companies to drive sustainable innovation and increase top line growth by delivering the right products to market quickly and consistently.”

About Invention Machine

A leading provider of innovation software, Invention Machine drives sustainable innovation by enabling global organizations to consistently generate breakthrough ideas that accelerate product development. Invention Machine Goldfire Innovator empowers engineers and scientists to conceive and validate right ideas the first time, so they can quickly and easily deliver market leading products. Global 2000 manufacturers in more than 25 countries rely on Invention Machine for product innovation, process improvement and market expansion. Its unique software fuels sustainable innovation across numerous industries, including aerospace and defense, automotive, consumer technology, energy and environment and life sciences. For additional information, please visit invention-machine.com.

About S&T

With more than 3,100 employees and Euro 522,2 million in sales in 2007, S&T is the leading provider of IT consulting, IT solutions and IT services to customers in Central and Eastern Europe, the DACH region (Germany-Austria-Switzerland), Japan and China. Counting around 70 branch offices in 22 countries, the Group has established a successful presence. S&T’s core business is IT consulting as well as the development, rollout and operation of customized IT solutions, processes and systems. The company provides large and medium-sized enterprises with support along the entire IT value chain. S&T’s target customers are active in the manufacturing, financial services, trade and telecommunications sectors as well as in public administration and utilities. Headquartered in Vienna, Austria, S&T AG has been listed on the Vienna Stock Exchange since 2003.



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Parna Sarkar, 617-305-9250 x3305
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