Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Performance, announces today the latest version of its Accolade Enterprise Innovation Management solution.

Accelerated innovation velocity: Time is money, and creating new technologies and bringing new products to market more quickly means increased profits and revenues. Intelligent automation and smart workflows in Accolade 10.2 reduce the amount of manual intervention required for innovation processes to keep moving forward at pace, and enhance the flow of communication and collaboration across even highly dispersed work teams. Companies can use these capabilities to accelerate project velocity and time to market, helping them move with greater speed and focus towards the next innovation milestone.

A Sopheon customer—a multi-billion dollar chemical company and early reviewer of Accolade release 10.2—plans to significantly reduce time-lags and human error in the decision-making process by having their Accolade system automatically move projects to the next stage in the development cycle. These migrations will be triggered when pre-defined key performance indicators are met and/or when all relevant stakeholders have given approval in Accolade.

More focused and efficient user experience: This release is another step forward in raising the industry standard on user engagement in the innovation process by bringing critical documents, information and data into core innovation workflows, enabling people to complete their work more efficiently and with less effort.

Don Sarno, Chief Operating Officer at Sopheon says,

“CEOs understand that speed-to-market and agility are competencies critical to surviving in the new norm of competitive markets. With Accolade release 10.2, we continue to provide a tight alignment and personal connection between team member activities and company value, in addition to reducing wasted cycles from the top of the organization to the front line.

Sopheon® and Accolade® are trademarks of Sopheon.

For Further Information Contact:

Barry Mence, Chairman Sopheon plc + 44 (0) 1276 919 560
Arif Karimjee, CFO Sopheon plc + 44 (0) 1276 919 560
Ed Frisby / Carl Holmes (corporate finance)
Mia Gardner (corporate broking)
finnCap + 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 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange.

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