Maternova Acquires Impact Review

Online, July 30, 2012 (Newswire.com) - AWARD WINNING SOCIAL ENTERPRISE MATERNOVA ANNOUNCES ACQUISTIION

Maternova, headquartered in Providence, Rhode Island proudly announces the acquisition of Impact Review, created by a team of Stanford Business School graduates. Incorporated in 2010, Impact Review is a innovation review portal, focusing on lifesaving products for use in developing countries. Largely driven by user generated content, Impact Review's robust platform provides an intuitive product rating system, that will be incorporated into Maternova's existing interactive platform.

Nupur Srivastava, President of Impact Review speaks to the reasons why Impact Review's mission is an ideal addition to Maternova's rapidly expanding capabilities: 'Our teams had worked in various rural parts of Africa and India and were very frustrated with the lack of accountability of the quality and efficacy of some low quality products for the developing world. In the US before we spend $20 on a meal there are countless reviews telling you how you should spend your money. But in the developing world, there is no review system to review products that are a matter of life or death. This is when we set out to start Impact Review- A Community for Reviews of Maternal And Child Health Products For The Developing World. We are very excited about Maternova, it is the perfect home for Impact Review and there are incredible synergies the two organizations have. Impact Review can bring our review platform to Maternova helping them to further the potential of their amazing global marketplace. We are very excited about the breadth of users that can be reached through Maternova and the impact the review system can have.'

Maternova, headquartered in Providence, RI, is the world's first global marketplace, online community, and innovation tracker for low-cost, high performance innovations dealing with maternal mortality. Recognized as one of Bloomberg BusinessWeeks Top 25 Social Entrepreneurs, with over 170 countries engaged, the rapid ascent to the forefront of the maternal health industry has seen explosive growth in 2012. Meg Wirth, CEO and Founder, speaks about Impact Review 'The Impact Review team has thought deeply about the rationale for rating global health technologies. We are so pleased to be able to work together to provide end users at the frontlines of global health a voice and an ability to provide direct feedback on technologies.'

Maternova is a wholly women owned award winning social enterprise that is in it's first round of equity financing. Interested accredited investors are asked to contact Allyson E. Cote, Vice President of Maternova to learn more.