SPE.L Regulatory News (SPE)

SOPHEON PLC

("the Company")

Contract Win

Sopheon plc, the international provider of software and services that improve the financial return from innovation and product development investments, announces that due to a further contract win, full year 2013 revenue visibility has improved to £8.9m.

In the Company's AGM statement published on 12 June, it was noted that management is working to close a considerable amount of business before the end of the month, some of which is needed in June to enable first half revenues to exceed the comparable 2012 result, and this remains the case.

Sopheon's Chairman, Barry Mence said: "It's great to see continued commercial progress as we approach the half year milestone, and with the capital reorganisation due to start shortly, I felt it appropriate to keep shareholders informed." 

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About Sopheon

Sopheon (LSE: SPE) partners with customers to provide complete Enterprise Innovation Performance solutions including software, expertise, and best-practices 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. For the first time, businesses can access a single source of the truth across strategic innovation planning, roadmapping, idea and concept development, process and project management, and portfolio and in-market management. Sopheon's solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Alternext Exchange in the Netherlands. For more information, please visit www.sopheon.com

Revenue visibility is defined in Note4 of Sopheon's 2012 annual report which is available from the investor section of www.sopheon.com .