Contract Win - Cadbury Schweppes
Embargoed Release: 07:00 hrs Monday 7th March 2005
SOPHEON PLC
(`Sopheon' or `the Company')
Product Innovation Focus Prompts Cadbury Schweppes to Deploy Sopheon Portfolio
and Process Management System
Food and Beverage Leader Implements Accolade Enterprise-wide to Support
Integrated Portfolio Management, Increase Revenue from New Products
Sopheon, the international software and services company, announced today that
Cadbury Schweppes, a leading global confectionary and beverage company, has
selected Sopheon's Accolade portfolio and process management system to enhance
a company-wide integrated portfolio management initiative aimed at increasing
growth from innovation. The Accolade deployment spans 45 countries and includes
2,400 users in product development, marketing and commercial strategy. It
encompasses all five of Cadbury's operating regions, specifically Americas
Beverages; Americas Confectionery; Europe, Middle East and Africa; European
Beverages; and Asia Pacific.
One of the largest international confectionery and beverage companies in the
world, Cadbury Schweppes employs well over 50,000 people and has an impressive
list of popular brand name products, including Cadbury, Schweppes, Halls,
Trident, Dr Pepper, Snapple, Trebor and Dentyne. Sopheon's Accolade will be
used both to support product portfolio management and to automate and manage
the company's implementation of Stage-Gate, a widely-used product development
process methodology. The software system will serve as a central repository for
product information within business units and across the company. Accolade was
chosen because of its ease-of-use, speed and ease of deployment, comprehensive
portfolio decision-support capabilities and overall cost-effectiveness.
'Cadbury Schweppes' stature as a leading innovator reaches back over 200
years,' said Christine Connelly, chief information officer at Cadbury
Schweppes. 'We are determined that this commitment to innovation will be as
much a part of our future as it has been our past. To maintain our
market-leading position, we have outlined an organic growth strategy that
relies upon our ability to innovate well and achieve high levels of return on
our innovation investments. Sopheon's Accolade will give us the process
uniformity and performance consistency we need to enable the sharing of
knowledge and expertise across a common process and system platform, ensuring
faster time-to-market with winning products.'
'The list of `most admired' companies adopting Sopheon's Accolade system
continues to grow,' said Mike Connolly, Sopheon's director of sales in the U.K.
'Cadbury Schweppes is an industry vanguard with a clear vision of what it takes
to drive innovation across geographies, organizational and functional
boundaries, and product categories to sustain business success. The company's
decision to deploy Accolade reflects and affirms our solution's capacity to
handle the critical and unique product-portfolio and process-management needs
of food and beverage manufacturers. We are delighted by the opportunity to
partner with Cadbury Schweppes in the pursuit of its innovation and business
goals.'
Sopheon Accolade® is a registered trademark of Sopheon plc.
All other trademarks and registered trademarks are the sole
property of their respective owners.
About Cadbury Schweppes
Cadbury Schweppes (LSE: CBRY) is a major global group which manufactures,
markets and distributes branded confectionery and beverage products around the
world. With origins stretching back over 200 years, today Cadbury Schweppes'
products-which include brands such as Cadbury, Schweppes, Halls, Trident, Dr
Pepper, Snapple, Trebor, Dentyne, Bubblicious and Bassett-are enjoyed in almost
every country around the world. In 2004, Cadbury Schweppes was voted Britain's
most admired company by its peers. It is number one in sugar and functional
confectionery, a strong number two in gum and the world's third-largest soft
drinks group. For more information, please visit www.cadburyschweppes.com.
About Sopheon
Sopheon (LSE: SPE) is an international provider of software and services that
help organizations improve the business impact of product development. The
Sopheon Accolade® product development system automates gate- or phase-based
product development processes and provides strategic decision support that
allows companies to improve innovation, cut product development spending waste
and shorten time-to-market. Sopheon's Monitor software operates as a 'reading
robot' that automatically reviews, filters, analyzes and pushes relevant
content to healthcare and engineering professionals to enable effective
compliance with protocols, standards and regulations. Sopheon is listed on the
AIM Market of the London Stock Exchange and on the Euronext in the Netherlands.
For more information, please visit www.sopheon.com.
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For further information contact:
Barry Mence, Chairman Sopheon plc Tel : + 44 (0) 1483 685
735
Arif Karimjee, CFO
Adam Reynolds Hansard Communications Tel : + 44 (0) 207 245
1100
Andrew Tan
+ 44 (0) 7957 203 685
Floor van Maaren Citigate First Financial Tel : + 31 (0) 205 754 010