Technology

Sopheon plc

Market Cap (£m) 73.7
Listing AIM

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 by more than 200 customers with over 60,000 users in more than 50 countries, and It has operating bases in the United States, the United Kingdom 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.

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Company Management Team

  • Greg Coticchia

    Chief Executive Officer

    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.

Key Dates

Dec 2019
11th
Q4 TU
Actual
Jan 2020
28th
Q4 TU
Actual
Mar 2020
19th
Finals
Actual
Jun 2020
11th
AGM
Actual
Aug 2020
27th
Interims
Actual
Jan 2021
25th
Q4 TU
Actual
Mar 2021
24th
Finals
Actual
Jun 2021
10th
AGM
Actual
Aug 2021
25th
Interims
Actual
Dec 2021
20th
Q3 TU
Actual
Jan 2022
25th
Q4 TU
Actual
Mar 2022
24th
Finals
Actual
Jun 2022
9th
AGM
Actual
Aug 2022
24th
Interims
Actual
Jan 2023
10th
Q3 TU
Estimate
Jan 2023
25th
Q4 TU
Estimate
Mar 2023
24th
Finals
Estimate
Jun 2023
9th
AGM
Estimate
Aug 2023
24th
Interims
Estimate