Sopheon PLC Seasoned Cloud & Industry Executive added to Team (7032B)
12 October 2020 - 5:00PM
UK Regulatory
TIDMSPE
RNS Number : 7032B
Sopheon PLC
12 October 2020
SOPHEON PLC
("Sopheon" or the "Company")
Sopheon adds Seasoned Cloud and Industry Executive to Team
Recognized business leader joins Sopheon as President
Sopheon, the international provider of software and services for
Enterprise Innovation Management solutions, today announces that it
has hired Greg Coticchia to take responsibility for day to day
operations and to accelerate the Company's SaaS transition. Based
in the US, he will report to Sopheon's CEO, Andy Michuda, who will
intensify his focus on strategic partnerships and acquisition
opportunities, while maintaining overall responsibility for the
business.
Greg Coticchia is a recognized entrepreneur, business leader,
professor and author, with over thirty years' experience in
software products and services. A frequent finalist for the Ernst
and Young Entrepreneur of the Year award, he has held executive
roles in a number of organizations ranging from startups to $1bn
revenue businesses where he has been responsible for driving both
organic and acquisition-led growth. This includes stints serving as
CEO, President or COO, as well as marketing leadership roles. He
has launched several new companies, either as lead entrepreneur or
through incubation. Alongside his leadership and business
credentials, he has been involved or responsible for the launch of
over 100 products and solutions and is a recognized authority
within the fields of product management and product development.
Underlining his achievements, three years ago Greg was asked to
establish the Master's Program in Product Management at Carnegie
Mellon University. Since then he has served as the executive
director of the program, while continuing to provide business
coaching and consulting to a variety of corporate organizations.
Since June, this has included consulting with Sopheon to assist
with its cloud transition strategies and plans.
Andy Michuda said: "Working with Greg in recent months, I have
been struck by how well his unique qualities and experiences as a
business leader fit with Sopheon and with where we are in our
journey. He knows what it takes for software companies to
transition successfully to the cloud, and how to navigate the
technology challenges while in parallel driving growth and business
momentum. He has great credentials and a deep network in our core
innovation and product development markets, and through working
with us, he has demonstrated excellent cultural alignment while
developing a passionate ambition for realizing Sopheon's potential.
I feel fortunate that Greg has agreed to join us as President, and
to have him at my side as we pursue the exciting opportunities that
lie ahead. Greg brings strong leadership experience and a rich
ecosystem extremely complementary to our go-forward business
strategy and ambition."
Greg Coticchia said: "Sopheon represents a rare and unusual fit
for my experience and my expertise. It is going through a
transition that I have helped other companies undertake, while
sitting at a market inflexion point in terms of the broad appeal of
its offering to organizations worldwide that are crying out for
effective strategy and innovation solutions."
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 (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 250 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 .
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