Product Development System
Sopheon PLC
13 October 2000
SOPHEON PLC
SOPHEON UNVEILS AUTOMATED PRODUCT DEVELOPMENT SYSTEM BASED ON
THE COOPER & EDGETT STAGE-GATE TM PROCESS
Sopheon PLC, ('Sopheon') an international leader in the
development and implementation of knowledge management
software and services, today announced the introduction of an
automated version of the Stage-Gate TM* new-product development
system, currently used in some form by an estimated 70 percent
of North American technology-driven companies.
Sopheon is unveiling the new system - which has the working
name Accolade - at the 24th annual conference of the Product
Development & Management Association (PDMA) in New Orleans.
The system was designed in conjunction with Drs. Robert Cooper
and Scott Edgett, internationally recognized authorities on
new product management whose work is the basis for the
renowned Stage-Gate system of the Ontario-based Product
Development Institute, Inc. (PDI). 'Accolade' converts the
proven Stage-Gate system from paper to computer, and speeds
the process through rapid transfer of critical knowledge. Its
combination of software applications, expert services and
specialized content provides a flexible framework for new-
product development processes from inception to launch. The
solution is preloaded with product development best-practices
content created by Drs. Cooper and Edgett, and also gives
users access to Sopheon's technical and industry experts and
its award-winning portal, Teltech.com.
Sopheon also announces that Pennzoil-Quaker State Company, of
Houston, Texas, has agreed, pending formal internal approval,
to beta test and implement the new system. A number of
corporate sites are expected to participate in the test
activity preceding full commercial introduction of the
offering. Sopheon said market release is targeted for early
2001.
Andy Michuda, President and Chief Executive Officer of
Sopheon, commented:
'Accolade is the first major offering from an exciting new
international alliance created by the recent merger of Sopheon
and the former Teltech Resource Network Corporation, and our
strategic partnership with PDI. It exemplifies the strategic
thrust of the Sopheon-Teltech merger, which created a company
that delivers a unique integration of information process and
content.'
Dr. Robert Cooper, Co-founder of Product Development
Institute, commented:
'The accelerating pace of technological advance, the
increasing volatility of customer and market needs, the
growing competitive turbulence in most industries - all
contribute to a pressure-packed environment for the
development of new products. Accolade is designed to help
companies navigate the complexities of the development process
faster and more effectively.'
For further information contact:
Sopheon plc
Barry Mence, Chairman (barry.mence@sopheon.com)
+ 44 (0)1483-883000
Arif Karimjee, CFO (arif.karimjee@sopheon.com)
+ 44 (0)1483-883000
Buchanan Communications
Edward Cowdery (edwardc@buchanan.uk.com)
+ 44 (0)207-466-5000
Eurocommunications Group
Terry Davidson (terry@eurocom.be)
+ 32 (0) 2 640 92 07
NOTES TO EDITORS
About Sopheon
Sopheon, which completed its merger with Minneapolis-based
Teltech Resource Network Corporation on Sept. 18, is a leading
international provider of information and knowledge solutions
that enable companies to more efficiently access internal and
external information and turn it into usable knowledge.
Sopheon's experience in integrating information process and
content is the foundation for a powerful combination of pre-
loaded, industry-specific software applications, expert
services and specialized content. Its comprehensive solutions
can enhance business processes ranging from product
development and customer relationship management to R&D and
quality management. Sopheon has operating bases in the United
Kingdom, Netherlands and the United States. Its customers are
companies in the life sciences, high-tech and healthcare
industry sectors, and include half the Fortune 500.
Information on Sopheon's products is available on:
www.sopheon.com.
About PDI
The Product Development Institute, Inc. (www.prod-dev.com) is
dedicated to helping companies improve their approach to new
product development and portfolio management. Led by
internationally recognized experts in the field of product
development, Drs. Robert Cooper and Scott Edgett, the
Institute provides executives and managers with a wide range
of products and services aimed at improving companies' new
product success rates. Cooper and Edgett have worked with more
than 800 businesses, including most Fortune 500 companies, and
have compiled the largest database on product-development best
practices in the world.
*Stage-Gate is a trademark of the Product Development
Institute, Inc.