Purdue Research Park-based Imaginestics receives 'Most Innovative' company award

July 8, 2014  

WEST LAFAYETTE, Ind. - Imaginestics LLC, whose technology enables manufacturers to search online for products by shape, was named "Most Innovative" company in the 2014 Startup Focus Awards at the SAPPHIRE NOW 2014 conference.

CEO Nainesh Rathod, a Purdue University alumnus, said Imaginestics is participating in the Startup Focus Program by SAP, a multinational software corporation, which was one of the requirements to be eligible for an award.

"A company also must have an application on SAP HANA, which converges database and application platform capabilities," Rathod said. "Imaginestics was selected among five companies that were nominated as most innovative.

"My colleagues and I are humbled by this recognition. Imaginestics doesn't aim to be innovative for innovation's sake, though. Our goal always is to meet our customers' needs in the most efficient, reliable manner possible."

Rathod said Imaginestics will participate in the SAP Big Data Tour at the Farnborough International Airshow 2014 in Farnborough, Hampshire, England from July 14-16.

"The Farnborough International Airshow is one of the largest exhibitions and air displays in the world," he said. "We are glad to join the SAP Big Data Tour at this event that encourages exceptional connections in the international aerospace industry."

Imaginestics' technology includes VizSeek®, a visual shape search engine, and VizSpace, an online marketplace that connects buyers' requirements with industrial suppliers' capabilities. The company is based in the Purdue Research Park of West Lafayette.

About Imaginestics LLC

Imaginestics is a leader in social supply chain, linking organizations directly by one or more upstream and downstream flows of products, services, finances, or information from a source to a customer. It leverages its unique patented visual search technology at its core to deliver accurate information to derive superior value. Imaginestics is a privately held company headquartered at the Purdue Research Park in West Lafayette, Indiana. More information on Imaginestics and its products is available at www.imaginestics.com.

About Purdue Research Park

The Purdue Research Park is the largest university-affiliated business incubation complex in the country. The Purdue Research Park manages the Purdue Technology Centers in four sites in Indiana, located in West Lafayette, Indianapolis, Merrillville and New Albany. The park is managed by the Purdue Research Foundation, which received the 2014 Incubator Network of the Year by the National Business Incubation Association for its work in entrepreneurship. For more information about funding and investment opportunities in startups based on a Purdue innovation, contact the Purdue Foundry at foundry@prf.org.

Purdue Research Park contact: Steve Martin, 765-588-3342, sgmartin@prf.org 

Source: Nainesh Rathod, nainesh.rathod@imaginestics.com, 765-464-1700

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