Sopheon PLC Sopheon Expands Customer Foothold in Asia
15 May 2019 - 4:02PM
RNS Non-Regulatory
TIDMSPE
Sopheon PLC
15 May 2019
SOPHEON PLC
("Sopheon" or the "Company")
Sopheon Expands Customer Foothold in Asia
Accolade(R) platform will help Thailand-based GC gain product
innovation efficiencies
and enable better portfolio decisions
Sopheon, a global leader in enterprise innovation management
solutions, announces the recent award by PTT Global Chemical Public
Company Ltd. (GC) to deploy its Accolade Enterprise Innovation
Management software out of GC's head office in Bangkok, Thailand.
This is Sopheon's latest expansion into the Southeast Asia market
and represents further expansion of its growing portfolio of
chemical-industry customers. Sopheon's regional partner Prodex
Systems - a specialist provider of consulting, training and
software implementation services - took the lead in developing the
GC relationship and will lead the implementation of the
software.
GC is a diversified and comprehensive petrochemical enterprise
that manufactures and distributes upstream, intermediate and
downstream petrochemical products to serve as feedstock for
downstream industries, including packaging, apparel and
electronics. As the petrochemical flagship of the PTT Group, GC is
committed to strengthening its position in the chemicals business
by combining environmentally-friendly innovations with advanced
technologies to develop products that improve people's lives.
"In an industry sector as diverse as ours, continual innovation
is critical to sustained business success," said Dr. Chaya
Chandavasu, Senior Vice President of Science and Innovation for GC.
"Given the positive reputation of Accolade among other industry
leaders, as well as Sopheon's growing in-market presence here in
Asia, we believe that we made a right choice in partnering with the
Prodex/Sopheon team to help us bring our new product and process
innovations to market more quickly and efficiently than
before."
Accolade is Sopheon's proprietary innovation management software
that gives business leaders the visibility and transparency needed
to understand the future impacts of today's decisions. Accolade has
proven its value to thousands of users globally by reducing costs,
increasing portfolio value, reducing time-to-market and boosting
product/initiative success.
"We have been patient with our development activities to expand
into Asia over the past years and are thrilled to see momentum
building as evidenced by the acquisition of significant clients
like GC. Prodex did an outstanding job developing and landing this
foundational Thailand-based company," said Sopheon CEO Andy
Michuda.
For further information contact:
Barry Mence (Chairman) + 44 (0) 1276 919
Arif Karimjee (CFO) Sopheon plc 560
Carl Holmes/Giles Rolls (Corporate
Finance) + 44 (0) 20 7220
Alice Lane/Sunila da Silva (ECM) finnCap Ltd 0500
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.
Accolade is a registered trademark of Sopheon
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END
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