Information Technology

Sopheon plc

  • Market Cap (£m) 52.2
  • Listing AIM

Analysts

Company Description

Sopheon is an international provider of software and services for innovation and new product development. 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.

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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.