Sopheon PLC Sopheon and National Foods Limited Partnership
March 28 2019 - 2:02AM
RNS Non-Regulatory
TIDMSPE
Sopheon PLC
28 March 2019
SOPHEON PLC
("Sopheon" or the "Company")
Sopheon and National Foods Limited Partner for
New Product Innovation
National Foods pursues significant revenue growth from new
products through new process, governance and adoption of Sopheon's
Accolade(R) Express solution
Sopheon, the international provider of software, expertise, and
best practices for enterprise innovation management solutions,
announces its partnership with National Foods Limited, one of the
leading foods companies headquartered in Karachi, Pakistan.
National Foods Limited (NFL) has subsidiaries in the United Arab
Emirates, United Kingdom and Canada.
With a strategic vision to achieve significant turnover growth
by 2020, National Foods Limited wants to ensure long-term success
by introducing a formalized product development decision-making
process to support the fast pace of change in the consumer markets.
The team at National Foods recognizes that in order to maintain
their competitive edge, they have to increase the pace of new
product innovation and improve the success rate of these products.
In terms of work process, the team is quite clear about the need to
have one source of truth for all data and decisions related to new
innovations, better strategic alignment across the different groups
of stakeholders, and better visibility at all stages of the product
development process to mitigate the risk inherent in investments in
bold, new-to-the-world products.
The CEO of NFL, Mr. Abrar Hasan, stated: "After an in-depth
evaluation of a number of software vendors, we chose the Accolade
Express solution. Sopheon has the expertise and a solid number of
customer references in the fast moving consumer goods (FMCG) space,
the solution is Stage-Gate(R) certified, and we had really good
interactions with the Sopheon team as well as CEO Andy
Michuda."
NFL aims to achieve new heights of business performance and
innovation excellence through this collaboration with Sopheon.
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 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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