LONDON 9th July 2007
Roadmapping Technology announced today that Sopheon, the international
software and services provider, has acquired 19% of the share
capital of Roadmapping Technology Limited ("Roadmapping Technology"),
the European distributor of Alignent Software Inc ("Alignent").
Sopheon will also have representation on the Roadmapping Technology
board.
As previously announced, Sopheon completed the acquisition of
Alignent on 21 June 2007. In addition to software, Roadmapping
Technology offers consultancy, training and support services,
and since inception has signed up customers for Alignent in Europe
including global leaders such as QinetiQ, TNO, Electrolux, Finmeccanica
and Airbus, as well as a number of UK governmental and academic
institutions. Roadmapping Technology also has close relationships
with leading research institutions including the University of
Cambridge and the Fraunhofer Institute.
"We are delighted that Sopheon has chosen to invest in us alongside
its acquisition of Alignent," said Chris Creighton Thomas, founder
and managing director of Roadmapping Technology. "The transaction
deepens Sopheon's resources and broadens its commercial reach.
In addition, the combination of Alignent's and Sopheon's solutions
will offer customers a powerful set of capabilities encompassing
both strategic product planning and innovation process governance,
which I believe is unique in the market. I look forward to enhanced
growth prospects for both Roadmapping Technology and Sopheon."
"Sopheon's leadership in the market for product-innovation solutions
is built on a blend of quality technology and differentiating
process expertise," said Andy Michuda, chief executive of Sopheon.
"Roadmapping Technology has followed a similar path to success.
Roadmapping Technology is recognized as being among Europe's foremost
authorities on the Roadmapping process and their track record
in selling Alignent products is visible in an impressive customer
list. We have seen evidence of great potential for the Alignent
line in European manufacturing markets. Our investment in Roadmapping
Technology reflects our confidence in their business future, and
our belief in their capacity to contribute immediately to Sopheon's
growth in the region."
For More information contact Roadmapping Technology on
+44(0)1494 429395
