Top 10 Solution Provider to CGM

RNS Number : 5038X

Sopheon PLC

16 February 2012

 



 

Embargoed Release: 7.00hrs 16^th February 2012

SOPHEON PLC

("Sopheon" or "the Company")

Sopheon Again Named Top-10 Solution Provider to Consumer Goods Markets

CGT Magazine's Readers' Choice Recognition based on number of Manufacturers using Company's Software and Satisfaction Ratings

Sopheon plc, the international provider of software and services that improve the financial return from innovation and product development investments, announced today that it has again been named one of the top ten suppliers of new-product development and introduction (NPDI) solutions to manufacturers in the consumer goods sector.  The recognition is based on a survey of senior-executive readers of CGT (Consumer Goods Technology) magazine.  It reflects the number of consumer goods (CG) companies using Sopheon's enterprise innovation-management software and services and their level of satisfaction with those solutions.  This is the second consecutive year that Sopheon has been voted to the Top Ten list in the NPDI category.    

CGT's Readers' Choice poll is designed to identify the solutions and services most highly valued and widely used by consumer goods manufacturers across 10 solutions areas.  Participants are asked to name the provider they currently use in each applicable category and rate their experience with those suppliers. Executives from 100 consumer goods companies participated in the 2012 survey. 

Consumer goods manufacturers use Sopheon's software to implement their product innovation strategies and to increase the revenues and profits generated by innovation programs.  The company's Accolade^® solution enables end-to-end innovation management, including innovation planning, idea development, innovation process management, in-market product management and portfolio management.  More than thirty-five percent of Sopheon's current customers are in the consumer goods sector.  Among them are many of the largest and most innovative companies in the industry, including such well-known brands as PepsiCo, Heinz, SABMiller, Electrolux, Beiersdorf, Owens Corning, Dr Pepper Snapple Group, Freudenberg, Land O'Lakes and Rich Products.

"CGT's Readers' Choice recognition is particularly meaningful to us because it is based on the uncensored opinions and the actual, day-to-day experience of our customers," said Bryan Seyfarth, director of product strategy for Sopheon.  "We're gratified, of course, by the high number of consumer goods manufacturers using our innovation management solutions.   But we're also excited about the implications of this success for our ongoing advancement of industry-specific best practices and differentiated product offerings that continue to elevate the value Sopheon is able to bring to the CG market.  One example is the way in which Sopheon and some of its consumer goods customers are currently working together to use Accolade to push the envelope in the area that Gartner refers to as insight-driven product marketing.  We will be introducing clear evidence of the results of these efforts in the months ahead."       

For more information on CGT's 2012 Readers' Choice Awards, visit www.consumergoods.com.          

Accolade^® is a registered trademark of Sopheon plc.

All other trademarks and registered trademarks are the sole property of their respective owners.

About CGT Magazine

CGT (Consumer Goods Technology) magazine is the leading resource for consumer goods decision-makers looking to improve business performance.  Delivering content in print, online, and face-to-face, CGT reaches an audience of more than 25,000 consumer goods executives ranging from managers and directors to VPs and CIOs.  CGT covers all major segments of the consumer goods sector, including food, beverage, packaged goods, and apparel and footwear.     For more information, please visit www.consumergoods.com.

About Sopheon

Sopheon (LSE:SPE) is an international provider of software and services that help organizations improve the business impact of product innovation.  Sopheon's solutions automate and govern the innovation process, enabling companies to increase revenue 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.

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For further information contact:

Barry Mence, Chairman	Sopheon plc	Tel :         + 44 (0) 1483 685 735
Arif Karimjee, CFO	Sopheon plc	Tel :         + 44 (0) 1483 685 735
Charles Cunningham/ Charlotte Stranner/ Joanna Weaving	finnCap	Tel:          +44  (0) 20 7600 1658
Guy McDougall/ Heather Armstrong	Newgate Threadneedle	Tel :         + 44 (0) 20 7653 9842
Claire Verhagen	Citigate First Financial	Tel :         + 31 (0) 205 754 010

 

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