Product Launch

Embargoed Release: 07:00hrs Tuesday 24 May 2005 SOPHEON PLC (`Sopheon' or `the Company') SOPHEON INTRODUCES ACCOLADE VERSION 6.0 New release extends Sopheon's market leadership In enabling successful adoption of best-practice new product development process Sopheon, the international software and services company, today introduced the latest version of its flagship Sopheon Accolade® product portfolio and process management system. Based on extensive research involving customers, partners and industry experts, the nearly 30 new features being introduced in Accolade 6.0 are focused on eliminating the administrative, communication and knowledge-sharing impediments to successful adoption of best practice product development process methodology, and improving the quality and efficiency of portfolio decision-making. They include: * Dashboard on the Desktop - integrates Accolade with the user's existing personal productivity tools. Reduces one-off training, avoids duplication in administrative tasks and reduces need for behavioral change. * Instant deliverables - helps create gate-meeting presentations, reports and other process-related materials in minutes, freeing up time to focus on the intellectual and strategic challenges of product development. * Enhanced portal access - makes it possible for users to find and retrieve information related to their projects without having to look inside multiple applications. * Alignment monitoring - easy evaluation of how well day-to-day project activities align with the performance standards and strategic priorities of the organization. Dr Robert Cooper, president of the Product Development Institute and developer of the Stage-Gate® product development methodology, said: 'One of Accolade's principal strengths is the way in which it clearly, simply lays down the steps of the Stage-Gate® process, automates them, and takes the administrative burden out of executing them. These advantages encourage team members and executive stakeholders to try the system. When they do, they quickly see its value, and trial turns into adoption. Many of the features being introduced in this latest version of Accolade will reduce the time and effort needed to successfully implement Stage-Gate®. Accolade will help ensure that your process is really used.' One of Sopheon's central goals in continuing to evolve Accolade is to create the most user-friendly, efficient product development environment possible. This includes looking for ways to link Accolade to productivity tools that are already available and familiar to Accolade users. For example, key aspects of the enhanced functionality being introduced in Accolade 6.0 were created by integrating widely used Microsoft technologies, including Microsoft® Office Project Server 2003 and SharePoint® Portal Server 2003. 'We initially chose Sopheon as a partner in our collaborative product development initiative because we recognized that they are the industry leader in expertise and solutions related to product portfolio and process management,' said Tim Low, senior product manager, Microsoft. 'What excites us about the partnership today is that it has resulted in an application that uniquely and effectively focuses Microsoft technology on the critical front-end of the product development process and the challenge of product innovation. With tight integration to the Microsoft® Office Enterprise Project Management platform and SharePoint® Portal Server 2003, Accolade 6.0 gives product development teams and executives the ability to access and share project-related information from enterprise-wide systems and use that data to make faster, better portfolio management decisions.' Parker Hannifin, the $7 billion global market leader in motion and control systems, has a first-hand perspective on the positive impact that Accolade can have on process implementation success. 'One of the principal reasons we selected Accolade was our belief that it would help ensure successful adoption across 122 business units and 8 operating divisions,' said Bob McAdoo, director of IT applications for Parker. 'We rolled out Accolade six months ago in conjunction with the introduction of our Stage-Gate® process. Not only is the system being used, adoption levels companywide have exceeded our expectations. With the enhancements being introduced in the newest version of Accolade, we expect use rates to continue to escalate.' Other industry leaders such as BASF, Cadbury Schweppes, GlaxoSmithKline, Revlon, Cargill, and Pfizer, as well as a broad mix of mid-market companies, have implemented Accolade to improve innovation, cut product development waste and accelerate idea-to-commercialization cycles. Users have reported achieving up to 40% increases in revenue from new products and 20-30% reductions in time-to-market. 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 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 (PD) processes and provides strategic decision support that allows companies to improve innovation, cut product development spending waste and shorten time to market. 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. Sopheon Accolade® is a registered trademark of Sopheon plc. Stage-Gate® is a registered trademark of the Product Development Institute, Inc. Microsoft® and SharePoint® are registered trademarks of Microsoft Corporation. All other trademarks are the sole property of their respective owners

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