Published on: July 10, 2023
Improving access to key growth markets
Sopheon has today announced the acquisition of the business and assets of Prodex, a specialist innovation software reseller and consulting business based in Brisbane, Australia. This deal brings Sopheon’s established reseller in the region into the fold, with the goal of improving access, service and traction in the Australia, New Zealand and South-East Asian markets. This relatively small acquisition (consideration up to AUD $2.2m) has been made on what appears to be attractive terms for both parties, with selling management motivated to capture the Innovation Ops software opportunity in one of the world’s fastest-growing regions.