SmithBucklin Acquires Inventures Inc.

Association management company SmithBucklin has acquired alliance management company Inventures Inc., it announced yesterday.

Chicago-based SmithBucklin, which provides management services to numerous high-tech organizations, will operate Inventures — which specializes in developing, launching and managing industry alliances across the technology, clean energy and health care markets — as a wholly-owned subsidiary within its Technology Industry Practice. The company will remain in its current headquarters in San Ramon, Calif., and will retain founder and CEO Deepak Kamlani as its president.

“In our 20-plus years, innovation via multi-stakeholder alliances has evolved from a curiosity to the norm in the technology sector,” Kamlani said in a statement. “Being part of SmithBucklin will help us both identify and execute many more opportunities to help such alliances achieve the results they desire, offer industry leading best practices and deliver compelling new services to our clients to power their success.”

In addition to alliances, Inventures offers meeting and event planning services and builds “business ecosystems,” collaborative networks of suppliers that partner to produce a product or service. Since its inception in 1992, the company has created and managed nearly 50 alliances and ecosystems.

“Inventures’ expertise and experience is in great demand as collaboration becomes increasingly necessary in an era shaped by rapid innovation, global markets and pervasive connectivity of people, devices and services,” said SmithBucklin Executive Vice President Carolyn Dolezal, who leads the company’s Technology Industry Practice. “This acquisition will enhance and strengthen both companies’ offerings as we continue to provide innovative services and solutions to technology-focused organizations.”

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