[Techtaffy Newsdesk]

Profitero has been named the IBM ‘Global Entrepreneur of the Year’ and winner of its SmartCamp competition for startup companies.

Profitero is a great example of the kind of startup company that IBM is partnering with around the world to build a smarter planet,” said Jim Corgel, general manager entrepreneur programs, IBM. ”

IBM SmartCamps are designed to provide entrepreneurs with the mentoring and insight needed to innovate in their markets. Past participants from IBM SmartCamp competitions have captured the attention of the venture capital community with nearly $50 million in investments, and have expanded to new global markets, says the company.