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MIDIOR Consulting to Acquire Stages of Innovation LLC

Acquisition Expands MIDIOR’s innovation Services and Industry Focus

Cambridge, MA – June 5, 2014 – MIDIOR Consulting announced today that it has reached a definitive agreement to acquire Stages of Innovation (SOI), a tactical innovation firm that focuses on helping Fortune 2000 companies uncover revenue- generating opportunities with new products. The terms of the agreement were not disclosed.

SOI, based in the New York metro area, helps B2B companies rapidly identify incremental ideas for new products, validating those with the greatest potential and turning them into revenue generating opportunities. The company is best known for its STInnovation™ method, which through its tactical tools provides the foundation for product groups to identify and act upon new sources of sustainable revenue by redefining current capabilities. “I look forward to being part of a world class firm that will leverage our proven tool set to help clients implement a model of tactical innovation that focuses on near-term results”, said Robert Goldberg, SOI’s Managing Partner. A benefit to clients will be MIDIOR’s strength in technology services that will better inform and support product investment decisions that emerge from the SOI ideation process.

“I am excited to have Rob and the SOI team join MIDIOR to expand our industry focus in delivering the support that product organizations need to optimize people and processes across the product lifecycle”, said Susan Loconto Penta, Co-founder and Managing Partner at MIDIOR. “Our combined strengths in innovation and product management will help clients identify new opportunities for growth and build highly effective product organizations to make the right product decisions along the way.”

About MIDIOR Consulting
MIDIOR is a management consulting firm focused on the discipline of product development and management. We help clients better understand their customers’ needs, seize new opportunities and respond to changing markets. MIDIOR's proven leadership in product, platform and information management inspires organizations to challenge conventional thinking and develop the skills necessary to build a sustainable pipeline of successful new products and services. www.midior.com.

About Stages of Innovation
Stages of Innovation LLC (SOI) is a tactical innovation firm serving mid to large sized (Fortune 2000) B2B companies that seek to build incremental revenue through adjacent and non-core business expansion without disrupting their main activities. www.stagesofinnovation.com.

Media Contact: Nora Gildea