Recently InnoCentive announced the acquisition of UK-based OmniCompete Limited.

Founded in 2005 by Simon Schneider and Janeen Chupa-Brimacombe, OmniCompete is known for its annual Global Security Challenge and having executed nearly two dozen high-profile Challenges.

InnoCentive announced this acquisition further establishes their global standard for high value competitions and Challenges.

“Over the last few years, we’ve seen a dramatic increase in interest for Grand Challenges among our commercial, public sector, and foundation clients,” said Dwayne Spradlin, CEO of InnoCentive. “These Challenges spark passion among our clients, our Global Solver Community, and our internal staff. The team at OmniCompete not only shares this passion, but has also established deep expertise that is highly complementary to our own. I am delighted to be welcoming them to the InnoCentive family.”

Further information about the acquisition can be found here.