SPE.L Regulatory News (SPE)

SOPHEON PLC

("Sopheon" or the "Company")

Sopheon and Australian Partner Prodex Systems Extend CPG Innovation Leadership with the J. R. Simplot Company Contract

Sopheon and Prodex Systems team up to enable innovation governance and portfolio prioritization for the global food and agribusiness firm

Sopheon, an international global leader in enterprise innovation management solutions, and its consulting partner Prodex Systems Australasia will automate and accelerate innovation at the J. R. Simplot Company, the global food and agribusiness firm. Sopheon and Prodex will collaborate to deploy Sopheon's Accolade® platform at Simplot, beginning with its Simplot Australia division. The goal of Simplot's deployment is to reduce innovation risk and increase the likelihood of new product successes via the adoption of Sopheon Stage-Gate® best practices.

According to Angeline Achariya, Executive Director of Innovation & Growth at Simplot Australia Proprietary Ltd., "At Simplot, we are committed to a strategy to accelerate growth in EBIT through significant increases in contribution from New Product Introductions. Simplot undertook a rigorous search for the appropriate software platform and partner to support ambitious growth goals."

The first phase of deployment will provide full enterprise capabilities in innovation governance. Simplot selected Sopheon's software platform for its advanced capabilities in innovation planning and roadmapping, and the ability to align targeted ideation campaigns with strategic planning gaps. These foundational capabilities will streamline Simplot's innovation processes and drive the adoption of scalable, enterprise-wide process standards, improving efficiency, time to market, and portfolio success.

Sopheon CEO, Andy Michuda, added: "We are excited to include Simplot in our growing Sopheon family of food and agribusiness clients, and are delighted to team with our long-time partner Prodex to enable Simplot's global innovation transformation. This contract aligns well with Sopheon's objective to expand our user base in the Australasian region."

Prodex Systems Managing Director, Gerard Ryan, added: "Prodex has been a supplier to Simplot Australia for over 10 years. Sopheon has deep domain expertise, and a great depth of configurability in the Accolade software, a common requirement of large, global consumer goods firms. We look forward to growing our partnership with Simplot, and to helping them achieve their impressive growth goals for many years to come."

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Sopheon and Accolade are trademarks of Sopheon plc. Stage-Gate® is a registered trademark of Stage-Gate Inc.

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them 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, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning. Sopheon's solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange. For more information, please visit www.sopheon.com.

About Prodex Systems Australasia. Prodex Systems is a specialist provider of innovation consulting, training and software services implementation which facilitate best-practice management of new product development through Systematic Innovation Governance in Australia, New Zealand and South East Asia. Our consulting assignments include the implementation of Stage-Gate® and Product Portfolio Management systems and are supported by our capabilities for in-house training. Prodex Systems is the Australasian reseller and consulting support partner for Sopheon's Accolade solution for Enterprise Innovation Management. For more information, please visit www.prodex.com.au.

About Simplot. The J. R. Simplot Company, is a privately held food and agriculture company headquartered in Boise, Idaho, with an integrated portfolio that includes phosphate mining, fertilizer manufacturing, farming, ranching and cattle production, food processing, food brands, and other enterprises. Simplot's major operations are located in the U.S., Canada, Mexico, Australia, Argentina and China, with products marketed in more than 100 countries worldwide. For more information, visit www.simplot.com.