Embargoed release: 07:00hrs 9 July 2007
SOPHEON PLC
("Sopheon")
INVESTMENT IN KEY ALIGNENT PARTNER
Sopheon, the international software and services provider, announced today that
it has acquired 19% of the share capital of Roadmapping Technology Limited
("Roadmapping Technology"), the European distributor of Alignent Software Inc
("Alignent"). As previously announced, Sopheon completed the acquisition of
Alignent on 21 June 2007. In addition to software, Roadmapping Technology
offers consultancy, training and support services, and since inception has
signed up over 20 customers for Alignent in Europe including global leaders
such as QinetiQ, TNO, Electrolux, Finmeccanica and Airbus, as well as a number
of UK governmental and academic institutions. Roadmapping Technology also has
close relationships with leading research institutions including the University
of Cambridge and the Fraunhofer Institute.
Sopheon's investment in Roadmapping Technology advances its strategy of
extending the indirect channel for its software solutions. In conjunction with
the investment, which amounts to £44,000, the parties have entered into a
reseller arrangement with an initial five-year term. Under this agreement
Roadmapping Technology will continue to offer Alignent's solutions in Europe
alongside Sopheon's existing channels, with specific responsibility for the UK
market. Sopheon will also have representation on the Roadmapping Technology
board.
"We are delighted that Sopheon has chosen to invest in us alongside its
acquisition of Alignent," said Chris Creighton Thomas, founder and managing
director of Roadmapping Technology. "The transaction deepens Sopheon's
resources and broadens its commercial reach. In addition, the combination of
Alignent's and Sopheon's solutions will offer customers a powerful set of
capabilities encompassing both strategic product planning and innovation
process governance, which I believe is unique in the market. I look forward to
enhanced growth prospects for both Roadmapping Technology and Sopheon."
"Sopheon's leadership in the market for product-innovation solutions is built
on a blend of quality technology and differentiating process expertise," said
Andy Michuda, chief executive of Sopheon. "Roadmapping Technology has followed
a similar path to success. Roadmapping Technology is recognized as being among
Europe's foremost authorities on the roadmapping process and their track record
in selling Alignent products is visible in an impressive customer list. We have
seen evidence of great potential for the Alignent line in European
manufacturing markets. Our investment in Roadmapping Technology reflects our
confidence in their business future, and our belief in their capacity to
contribute immediately to Sopheon's growth in the region."
For further information contact:
Barry Mence, Chairman Sopheon plc Tel : + 44 (0) 1483 685
735
Arif Karimjee, CFO
Sarah Wharry, Nom Seymour Pierce Limited Tel: +44 (0) 207 107 8000
inated Adviser
Andrew Tan Hansard Group Tel : + 44 (0) 207 245
1100
+ 44 (0) 7957 203 685
Floor van Maaren Citigate First Financial Tel : + 31 (0) 205 754 010
About Sopheon
Sopheon (LSE:SPE) is an international provider of software and services that
help organizations improve the business impact of product innovation. The
Sopheon Accolade® system automates and governs the innovation process, enabling
companies to increase revenues and profits from new products. 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.
About Roadmapping Technology
Roadmapping Technology distributes Alignent Vision Strategist software to
European organizations looking to improve their strategic roadmapping and
planning activities. The company also provides technical support, hosting
facilities and consultancy services. For more information, please visit
www.roadmappingtechnology.com.
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