Sopheon PLC
8 September 2000
SOPHEON PLC
ANNOUNCES TELTECH SHAREHOLDERS APPROVE COMPLETION OF
ACQUISITION BY SOPHEON
Sopheon plc ('Sopheon') and Teltech Resource Network
Corporation ('Teltech') today jointly announce that the
merger of Teltech into Sopheon has been approved by a
Teltech special meeting of shareholders held on 8th
September 2000 at its offices in Minneapolis, Minnesota.
The merger is scheduled to complete on 15 September
2000.
About Sopheon
Sopheon is a supplier of knowledge management software
and services. Its shares are quoted on the UK
Alternative Investment Market (AIM) and on the Euro.NM
in Amsterdam. Sopheon has operational headquarters in
Guildford, UK, and has offices in the Netherlands and
the USA. Information on Sopheon's products is available
on : www.sopheon.com.
About Teltech
Teltech Resource Network Corporation (www.teltech.com)
is a leading provider of business-to-business research
and knowledge management consulting services. Its
vertical research portals for business and technical
professionals reduce unproductive Internet search time
by as much as 50%. Teltech's consulting services assist
companies in the development of e-business strategies,
and in the creation and implementation of portals for e-
business applications. Headquartered in Minneapolis,
Minnesota, Teltech is privately held. Its client list
includes half the Fortune 500.
For further information, please contact :
Barry Mence, Chairman (barry.mence@sopheon.com)
+44 (0)1483-883000
Arif Karimjee, Finance Director of Sopheon
(arif.karimjee@sopheon.com)
+44 (0)1483-883000
Steve Liebmann at Buchanan Communications
(stevel@buchanan.uk.com)
+44 (0)20-7466-5000
Ronald Helgeson, Vice President, Corporate
Communications of Teltech
(rhelgeson@teltech.com)
+1 (952) 851-7585
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