Sopheon PLC New Approach to Product Development with Accolade

TIDMSPE

Sopheon PLC

29 June 2017

For immediate release

California Olive Ranch Takes a Fresh Approach to Product Development with Sopheon's Accolade Software

Deployment Highlights a Desire for Simplicity and Discipline as the Company Navigates a Trajectory of Growth

MINNEAPOLIS-June 29, 2017-Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Performance, today announces that California Olive Ranch Inc., the largest producer of extra virgin olive oil in the United States, has selected and deployed Sopheon's Accolade(R) Express software to enhance the management of its new product development (NPD) processes.

Founded in 1998, California Olive Ranch has pioneered new ways of cultivating and harvesting olives in order to make extra virgin olive oil premium and affordable. The company has developed its own ranches and has helped family farmers throughout Northern California develop previously unusable farm acreage into olive orchards. Led by a CEO who transitioned from the high-tech world to the farming world, the company leverages time honored farming techniques while fully embracing modern technology.

The success of the company in recent years, together with expansion into new markets and food product sectors, has resulted in impressive growth. While a positive step, this has added complexity to once simple to manage product development processes. As the company scales to meet aggressive plans for further growth, California Olive Ranch elected to partner with Sopheon to implement and digitize newly-designed planning and operational execution processes designed to enhance its ability to execute on its growth strategy and further advance its leadership position in the market.

"Sopheon is helping us to scale but still keep things simple," said Mary Bolton, Director of Technical Services. "Using the best-practice new product development processes and document templates built into the Accolade Express software, we are collecting the information we need for good, collaborative decision-making and are defining and operationalizing new and more efficient processes across the company. With a small amount of training, we have been able to configure these standard processes and templates to incorporate our language and make them 'ours' without making things complicated."

Reflecting on the implementation, Ms. Bolton stated: "We love the ease of use and capabilities of the software. It's giving us discipline, providing visibility into project status and progress through reporting and analytics dashboards, and enabling more efficient decision making across the lifecycle of our development projects. Looking to the future, we are becoming aware of how we could extend the use of Accolade to different types of projects beyond new product development."

Sopheon and Accolade are trademarks of Sopheon plc.

For further information contact:

 
                                            + 44 (0) 
 Barry Mence, Chairman                       1276 919 
  Arif Karimjee, CFO         Sopheon plc     560 
 Carl Holmes/Giles Rolls 
  (corporate finance) 
  Mia Gardener (corporate                   + 44 (0) 
  broking)                   finnCap         20 7220 0500 
 

About Sopheon. Sopheon partners with customers to provide complete Enterprise Innovation Management solutions including patented software, expertise, and best practices to achieve exceptional long-term revenue growth and profitability. Sopheon's Accolade(R) 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 250 customers with over 60,000 users in over 50 countries. Sopheon is listed on the AIM Market of the London Stock Exchange. For more information, please visit our www.sopheon.com.

# # #

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAFPMRTMBATMTR

(END) Dow Jones Newswires

June 29, 2017 02:01 ET (06:01 GMT)