Sopheon plc
- Market Cap (£m) 66.4
- Listing AIM
- Quick links:
- Company Website
- Annual Report
Analysts
Company Description
Sopheon is an international provider of software and services for product lifecycle management. 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. It also supports the creation, commercialisation and replacement of products. Accolade enables users to synchronise product ideation, planning and innovation process execution. Sopheon's solutions have been implemented in more than 50 countries, and it has operating bases in the US, the UK and the Netherlands, with distribution, implementation and support channels worldwide.
Investment Summary
Sopheon has developed a state-of-the-art platform allowing Enterprise customers to manage and monitor their pipelines of innovation. On the back of some major reference client wins, Sopheon's Accolade product is seeing material traction. It is in the early stages of transitioning Accolade to a cloud platform. Sopheon has evolved its management team to drive focus on the transition to cloud-native solutions and also to grow the revenue bias towards larger SaaS contracts. While the latter will have an impact on revenue recognition and the former will see higher investment and running costs, we think that the foundations the group is building will stand it in good stead with improved revenue visibility. The likelihood of M&A to support its organic growth holds further promise.
Recent Content
A year of strategic and product progress
23/03/2023 Sopheon plc
Today’s FY22 results reflect a year of significant progress, with revenue and EBITDA coming in above the market […]
Getting in step for the SaaS jump forward
30/01/2023 Sopheon plc
Sopheon’s trading update for the year ended 31 December 2022, issued today, shows a strong performance at the […]
New clients, channels, products – new rating?
24/08/2022 Sopheon plc
H1 2022 figures, released today, show strong underlying progress being made. SaaS ARR is up 22% year on […]
Strong start to another year of progress
09/06/2022 Sopheon plc
Sopheon’s AGM Statement, issued today, provides a reflection upon a busy FY2021 and looks forward to what has […]
Solverboard acquisition speeds SaaS transition
18/05/2022 Sopheon plc
Sopheon has today announced the acquisition of the business and assets of Solverboard, a UK-based SaaS software business […]
SaaS, the way we like it
24/03/2022 Sopheon plc
Sopheon’s final results for FY21, released this morning, are ahead of our and market expectations. The results show […]
Strong outperformance for 2021
25/01/2022 Sopheon plc
Sopheon has provided a comprehensive trading update for 2021, following a more general update provided at the time […]
Small acquisition and trading on track
20/12/2021 Sopheon plc
Sopheon has announced its first acquisition in roughly a decade: ROI Blueprints (ROIB), a SaaS-based project management business […]
Stepping up
25/08/2021 Sopheon plc
Sopheon’s interims show marked progress on its core performance metrics, thus underpinning our estimates for the full year. […]
Sopheon builds momentum in H1 2021E
10/06/2021 Sopheon plc
Sopheon’s AGM statement recaps the highlights of what was a very resilient performance in FY 2020. Importantly, the […]
Resilient base as Sopheon transitions to SaaS
24/03/2021 Sopheon plc
Sopheon has reported FY 2020 revenues in line with the $30.0m guidance given in its January trading update […]
A strong Q4 and good visibility into FY 2021E
25/01/2021 Sopheon plc
Sopheon’s trading update for the end of 2020 shows that the historical weighting to Q4 for revenues again […]
Company Management Team
Greg Coticchia
CEO
Greg Coticchia joined Sopheon as President in 2020, and was appointed a director in 2021. He is a recognized entrepreneur, business leader and author with over thirty years' experience in software products and services. Most recently Greg established the Master's Program in Product Management at Carnegie Mellon University. He has held executive roles in a number of organizations ranging from startups to $1bn revenue where he has been responsible for driving both organic and acquisition-led growth.
Arif Karimjee
Chief Financial Officer
Arif Karimjee joined Sopheon as chief financial officer in February 2000. Mr. Karimjee served as an auditor and consultant with Ernst & Young in the United Kingdom and Belgium from August 1988 until joining Sopheon.
