Ecosystm acquires CoVentured to boost innovation network

Technology research and advisory group Ecosystm has announced its acquisition of CoVentured, an AI-enabled innovation platform. This move aims to consolidate Ecosystm's position within the technology and research ecosystem, enhancing its commitment to fostering collaboration and innovation.

Singapore and Sydney-based Ecosystm revealed that the acquisition will integrate over 175 leading enterprises and technology innovation companies alongside CoVentured's comprehensive network of corporates, venture capitalists, partners, and other stakeholders. The combined network is designed to bolster strategic roadmaps, market execution, and digital transformation initiatives.

The union of Ecosystm and CoVentured signifies an elevated mission to make innovation and transformation strategies more accessible and relevant for their clients. This acquisition enriches Ecosystm's research, advisory, and consulting services while adding renowned global customers, including Unilever, BP, Nike, Lululemon, Pfizer, and Commonwealth Bank, to its roster.

Amit Gupta, Group CEO and Founder of Ecosystm, commented on the strategic importance of the acquisition. "With the rapid pace of technology shifts, it becomes even more critical to make innovation accessible for business innovation. This strategic acquisition underscores our commitment to continuously evolve Ecosystm's value proposition for our customers through data insights. CoVentured's world-class scouting and discovery platform will create new opportunities for us, while enabling our clients to accelerate their innovation journeys in ways that were not possible before."

Ullrich Loeffler, CEO and Co-Founder of Ecosystm, echoed Gupta's sentiments. "CoVentured's unique platform perfectly complements our research and consulting services to provide clients a distinct competitive advantage. With their innovative technology platform integrated into our offerings, we can now give our clients a strategic headstart by connecting them with cutting-edge innovations and potential partners they may never discover through conventional methods."

Anthony Johnston, CEO of CoVentured, also expressed enthusiasm about the acquisition. "We are thrilled to join forces with Ecosystm and bring our pioneering innovation scouting platform to a combined global client base. By combining our discovery engine with Ecosystm's deep market intelligence and advisory expertise, we can supercharge how enterprises identify and capitalise on emerging innovations to solve their toughest challenges."

The acquisition of CoVentured represents another milestone in Ecosystm's expansion journey and its ethos of disruption and innovation. Previously, Ecosystm launched the AI-enabled enterprise platform Kampd to facilitate social learning at scale among communities of like-minded individuals.