Sopheon "Leader" in Strategic Portfolio Management

RNS Number : 7566R

Sopheon PLC

26 September 2017

 

SOPHEON PLC

("Sopheon" or the "Company")

Sopheon Named as a "Leader" in Strategic Portfolio Management by Independent Research Firm

Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Performance, today announced it has been named a Leader in The Forrester Wave™: Strategic Portfolio Management Tools, Q3 2017. Sopheon earned the highest scores possible in the following eight current offering criteria: program/product management, alignment, validation, collaboration, data security, integrated risk management, practical usability and integration support.

Forrester differentiates strategic portfolio management solutions from traditional project portfolio management (PPM) solutions that are "locked into project management elements - schedule, resources and costs."¹ Forrester believes strategic portfolio management "should act as a corporate command center [focusing] on value, capacity, and time-to-realize value. Sitting at the center of a planning and execution ecosystem, these solutions become a firm's operational system of record."¹ Further, a strategic portfolio management solution "leverages robust business analysis, capacity planning and predictive analytics capabilities that support investment decisions."²

Steven Moskowitz, Manager, Strategic Innovation at Sopheon customer Entegris, Inc. stated: "It comes as no surprise to us that Sopheon is considered a leader in strategic portfolio management. With the Accolade software we are able to slice and dice our data, permitting us to understand how well we are responding to the needs of a specific customer or regional market. This is tremendously valuable in allowing us to make better and more effective strategic decisions."

Andy Michuda, Sopheon CEO, commented on the positioning in the Forrester Wave by saying: "The companies we serve have an increasing need for speed and business agility as they navigate fast-paced, digitalized markets; it is an honour for Sopheon to serve this need. We believe the recognition by Forrester as a Leader in our market is a great testimony to our people and their laser focus on, and commitment to, client value." 

¹ "Portfolio Ecosystem: the Central Nervous System For Delivering Business Strategy", Margo Visitacion, Forrester, 3 March 2017.

2 "The Forrester Wave™: Strategic Portfolio Management Tools, Q3 2017", Margo Visitacion and Gordon Barnett, Forrester, 20 September 2017.

For further information contact:

Barry Mence, Chairman Arif Karimjee, CFO	Sopheon plc	+ 44 (0) 1276 919 560
Carl Holmes / Giles Rolls (corporate finance) Mia Gardener / Camille Gochez (corporate broking)	finnCap Ltd	+ 44 (0) 20 7220 0500

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability.  Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning.  Sopheon's solutions have been implemented by over 250 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange.  For more information, please visit www.sopheon.com

Sopheon^® and Accolade^® are trademarks of Sopheon.

 

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