Glen Wienkoop and Frank Kovacs Join inno360 Executive Team

Spencer Trask Collaborative Innovation taps proven experts to drive growth

OLD GREENWICH, Conn., Oct. 8 /PRNewswire/ -- Senior software industry leaders
Glenn Wienkoop and Frank Kovacs join Spencer Trask Collaborative Innovations
LLC's (STCI's) inno360 LLC ("inno360") as Chief Executive Officer and Chief
Marketing Officer respectively, bringing a track record of aggressive growth
in shareholder value to the team.

Mr. Wienkoop and Mr. Kovacs have worked together at multiple technology-driven
companies, including SDRC (now part of Siemens), Portal Software (now part of
ORCL) and MSC Software. In each case, they led the transformation of the
underlying businesses, including a radical restructuring of the technology
platform to provide a broader and deeper capability set to enterprise clients
than ever before.

"In today's environment, inno360 enables large corporations to substantially
increase top-line revenues through faster, more effective, and less expensive
product and market innovation," said Larry Huston inno360 Chairman, "inno360
provides the innovation ecosystem for this capability. Over the past year, we
have built a solid foundation of technology, innovator networks and clients
with inno360. Glenn and Frank are the perfect team to take this foundation
forward, and build upon our enterprise-class open innovation platform."

"As the next generation platform for open collaborative innovation, inno360 is
a critical element of the STCI vision," said Michael J Turillo Jr,
Vice-Chairman STCI. "Based on the positive response we are receiving from
market leading clients, we were now ready for experienced leadership to take
this business to the next level. In Glenn and Frank, we have found the ideal
team to lead this effort."

"There is a clear need to go beyond today's collection of point software
solutions for innovation, by providing a complete enabling collaborative
framework that can access a variety of global ecosystems," said Glenn
Wienkoop, CEO inno360. "inno360 provides that framework capability. I am proud
to join the accomplished team at STCI and inno360."

"Customers and partners have long expressed their need for a platform solution
for Collaborative Innovation," said Frank Kovacs, CMO inno360. "The inno360
platform, with its connected innovator networks, offers a revolutionary
Innovator Relationship Management (IRM) capability, combining the power of an
innovation campaign engine with 'collective intelligence' for an overall gain
in innovation efficiency internally and globally. This has the customers
excited, and I share in that excitement as I join the team."

About inno360
inno360 LLC provides the leading global ecosystem for open innovation. A
Member Firm of Spencer Trask Collaborative Innovations LLC, inno360 enables
clients to build their own proprietary innovation ecosystems. The software and
services platform includes access to millions of global innovators and
leading-edge technology. The inno360 technology assists with problem
definition, Innovator Relationship Management (IRM), innovation campaigns,
internal collaboration, deal management, dashboards and metrics. Together,
these capabilities and innovator networks provide an unparalleled foundation
for organizations to drive top-line growth by tapping the global brain. For
more information, see www.inno-360.com.

About Spencer Trask Collaborative Innovations LLC (STCI)
STCI is focused on a single, overarching goal - to fundamentally change the
way they do business by embracing global, interconnected communities of
intelligent, imaginative and innovative people. By channeling the raw power of
human intelligence and creativity in more efficient ways, our clients seize
market opportunities, create business value and drive positive societal
change. We call this the 'Innovation Effect'(TM) - driving economic growth and
societal gains. Founded by visionary venture capital firm Spencer Trask & Co.,
(www.spencertrask.com) STCI and its Member Firms are designed to bring the
collaborative innovation revolution to fruition at the world's leading
corporations, and government organizations. For more information, see
www.stcinnovations.com.

SOURCE Spencer Trask & Co.

Jackie Volovich, +1-212-326-9287, jvolovich@stcinnovations.com, or Mike
Turillo, +1-212-326-9207, mturillo@stcinnovations.com, both for Spencer Trask
& Co.