Sopheon PLC Sopheon's Accolade Software beyond innovation

TIDMSPE

Sopheon PLC

05 September 2017

SOPHEON PLC

("Sopheon" or the "Company")

Customers deploying Sopheon's Accolade(R) Software beyond innovation underlines market potential

Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Management, highlights that advances in configurability and security are further strengthening its Accolade software to manage increasingly varied sets of portfolios across a customer's organization. This is translating into added value for customers as they leverage their investments in the software for additional business applications.

Jason Eckert, SVP of Global Research, Development and Quality at Leprino Foods Company, the world's largest producer of mozzarella cheese and a recent Sopheon customer, explained: "We were looking for a single, easy to use system to manage different types of projects and portfolios-some very complex-that would enable consistent cross-functional communication and visibility into both project health and progress. Accolade is a powerful platform that can support many use cases and corporate portfolios, which has allowed us to extend our initial investment for managing our new product development into other areas including IT project portfolios and electronic lab notebooks. Accolade enables these diverse applications in ways that are highly searchable, auditable, and easy for our users to adopt."

Sopheon's offerings today go well beyond the Company's roots in new product development to support nearly any type of value creation effort across the enterprise, including corporate strategy execution, cost savings, IT PPM (project and portfolio management), mergers & acquisitions, Capex, and IP (intellectual property) management. Thanks to robust security capabilities and granular yet flexible access controls, the client's business environment can permit, without risk, accessibility to highly sensitive data by all who require it for high value collaboration and decision making. This solution adaptability is reflected in Sopheon's recent placement in Gartner's Magic Quadrant for Project Portfolio Management, Worldwide.

Mr. Eckert went on to say: "This was pure value add for us, with no extra costs beyond increasing our user base. We expect to derive additional benefit from managing all of these activities-and more in the future-on a single platform."

Sopheon continues to develop the Accolade system to provide a secured, protected environment that reflects customer security policies for business data, IP and financial data. This commitment is validated by the Company's ISO 27001 information security management certification, which encompasses product development, implementation, support and hosting services. Accolade Cloud is also certified as Skyhigh Enterprise-Ready, satisfying security requirements developed in conjunction with the CSA (Cloud Security Alliance).

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 / Camille                       + 44 (0) 
  Gochez (corporate broking)    finnCap Ltd     20 7220 0500 
 

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 250 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

Sopheon(R) and Accolade(R) are trademarks of Sopheon.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 05, 2017 02:01 ET (06:01 GMT)