Sopheon PLC Doosan Bobcat Awards Sopheon Innovation Contract

TIDMSPE

Sopheon PLC

10 September 2018

SOPHEON PLC

("Sopheon" or the "Company")

Doosan Bobcat North America Awards Sopheon Innovation Contract

Innovation Market Warms Up to Software-as-a-Service

Sopheon, the international provider of software, expertise, and best practices for enterprise innovation management solutions, announces that it has received a contract from Doosan Bobcat North America to deploy its Accolade(R) software enterprise wide. This award represents additional evidence that the market is beginning to accept the software-as-a-service (SaaS) model for management of innovation processes and decision support.

In spite of significant interest in the benefits of SaaS deployments, large organizations have been slow to move their innovation activities into the Cloud. A growing number of recent new client acquisitions by Sopheon, however, have opted for Sopheon's SaaS solution. One such customer, Doosan Bobcat, whose software implementation went live just last month, selected Sopheon's Accolade software as the solution of choice to manage the company's portfolio of projects across a number of corporate groups. Doosan Bobcat purchased a software-as-a-service cloud solution over purchasing licenses in perpetuity and installing the software on premises.

"We chose to partner with Sopheon on this initiative as they offered the best solution to help us maximize the performance of a range of critical business processes. Sopheon's software will enable us to better align our people and investments with our strategic and financial goals." said Twila Perhus, Director of Global IT PMO.

For further information contact:

 
 Barry Mence (Chairman)                               + 44 (0) 1276 919 
  Arif Karimjee (CFO)                  Sopheon plc     560 
 Carl Holmes/Giles Rolls (Corporate 
  Finance)                                            + 44 (0) 20 7220 
  Alice Lane (ECM)                     finnCap Ltd     0500 
 

About Doosan Bobcat North America. Doosan Bobcat North America is the U.S. and Canadian subsidiary of Doosan Bobcat Inc., representing the world-renowned brands of Bobcat(R) compact equipment, Doosan(R) portable power products and Geith(R) attachments. These companies are industry leaders in the engineering, manufacturing, and marketing of compact construction equipment, generators, air compressors, lighting systems, light compaction equipment, and attachments.

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability. Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning. Sopheon's solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange. For more information, please visit www.sopheon.com.

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September 10, 2018 02:00 ET (06:00 GMT)