Innovation Associates

Johnson, United States Founded: 1972 • Age: 54 yrs
Pharmacy automation solutions
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About Innovation Associates

Innovation Associates is a company based in Johnson (United States) founded in 1972.. Innovation Associates offers products and services including Fulfillment Software, Robotics, NEXiA Enterprise Software Suite, and 3rd Party Integrations. Innovation Associates operates in a competitive market with competitors including OmniSYS, mPharma, Xevant, Pharmagest and Pharmarack, among others.

  • Headquarter Johnson, United States
  • Sectors
    Healthcare
    Industrial Goods & Manufacturing
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Health Technology & Digital Health
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    N/A

    (Nov 13, 2019)

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Products & Services of Innovation Associates

Innovation Associates offers a comprehensive portfolio of products and services, including Fulfillment Software, Robotics, NEXiA Enterprise Software Suite, and 3rd Party Integrations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Manages pharmacy fulfillment processes to enhance workflow efficiency.

Automates prescription handling to reduce errors and improve accuracy.

Optimizes pharmacy operations through integrated workflow tools.

Connects systems for seamless pharmacy fulfillment operations.

People of Innovation Associates
Headcount 500-1000
Employee Profiles 49
Employee Profiles
People
Alecia Lashier
Chief Automation Officer
People
Adam McCauley
Chief Accounting Officer
People
Dave Ristow
Chief Financial Officer
People
Fred Singer
Cost Accounting Manager

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Funding Insights of Innovation Associates

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Innovation Associates

Innovation Associates has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Allomer Capital, Wasson Enterprise and Capstone Consultants. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
A private investment firm focused on long-term capital partnerships.
Founded Year Domain Location
-
Founded Year Domain Location
Delivers comprehensive strategy, business development, and management consulting services.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Innovation Associates

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Innovation Associates

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Innovation Associates Comparisons

Employees
+
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Competitors of Innovation Associates

Innovation Associates operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OmniSYS, mPharma, Xevant, Pharmagest and Pharmarack, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Offers medical billing services for pharmacies and manages business policies and relationships.
domain founded_year HQ Location
Provider of pharmacy management services and software for stock management for patients and pharmacies
domain founded_year HQ Location
A SaaS-based platform for pharmacy benefit management is provided.
domain founded_year HQ Location
Pharmacy management software is developed and integrated for drugstores worldwide.
domain founded_year HQ Location
SaaS-based pharmacy management solutions are offered to retailers and distributors.
domain founded_year HQ Location
Cloud-based software suite for healthcare providers is offered.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Innovation Associates

Frequently Asked Questions about Innovation Associates

When was Innovation Associates founded?

Innovation Associates was founded in 1972.

Where is Innovation Associates located?

Innovation Associates is headquartered in Johnson, United States. It is registered at Johnson, Vermont, United States.

Who is the current CEO of Innovation Associates?

Mary Reno is the current CEO of Innovation Associates.

What does Innovation Associates do?

Innovation has developed PharmASSIST line of products which cater to automating dispensing of medicines in a pharmacy. The firm provides workflow management, medicine counting solutions and robotic dispensing solutions. The RobotX offering is a scalable dispensing robot with capacity of 70-140 dispensers. The robot integrates with PharmASSIST symphony suite that enable full tracking and adherence to quality standards.

Who are the top competitors of Innovation Associates?

Innovation Associates's top competitors include mPharma, Scripta Insights and KareXpert.

What products or services does Innovation Associates offer?

Innovation Associates offers Fulfillment Software, Robotics, NEXiA Enterprise Software Suite, and 3rd Party Integrations.

Who are Innovation Associates's investors?

Innovation Associates has 3 investors. Key investors include Allomer Capital, Wasson Enterprise, and Capstone Consultants.

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