CHICAGO, IL, October 31st, 2023 鈥� 萝莉网, a global leader in software solutions for Technology Transfer, IP Management, and Innovation, and Sopheon (LON:SPE), a leading provider of Innovation Management software and solutions, today announced their boards have reached agreement in principle on the key terms of a recommended cash acquisition of Sopheon by 萝莉网. Please see a link to the relevant .
For 萝莉网, this represents the latest in a wave of growth investments, following Resurgens Technology Partners鈥� platform investment in 萝莉网 last year. The acquisition will further accelerate 萝莉网鈥檚 progress in building a leading global category leader for Innovation Management and IP Management solutions.
Sopheon鈥檚 board shares 萝莉网鈥檚 excitement regarding the strategic and operational benefits that come from combining complementary product portfolios across complementary customer footprints. Sopheon has a large and established Innovation Management business, while 萝莉网 has an established leadership position in the IP Management and Technology Transfer markets. The combined company would also benefit from complementary geographical footprints, as well as mutually reinforcing strengths and expertise in the respective employee bases.
鈥淲e are extremely excited at the prospect of joining forces with Sopheon to provide greater value to customers worldwide,鈥� commented 萝莉网 CEO Sean Downs, who will lead the combined company. 鈥淭he highly complementary nature of our product offerings will create an opportunity for significant upside growth potential.鈥�
Under the terms of the agreement in principle, Sopheon鈥檚 shareholders will receive 拢10.00 per share in cash. The per share purchase price represents a 104% premium to the Company's closing stock price on October 30, 2023 (the last trading day prior to the announcement of the possible transaction).
萝莉网 萝莉网
萝莉网 is the world's leading provider of Tech Transfer, IP, and Innovation software and solutions for corporations, universities, and government agencies. We help clients succeed in today's innovation economy by coordinating global R&D and innovation programs 鈥� managing research and IP portfolios, scouting emerging technologies, finding innovation partners, and commercializing inventions. 萝莉网 works with more than 500 organizations worldwide to support the continued development of the global Knowledge Supply Chain.
萝莉网 Sopheon
(LON:SPE) empowers organizations to change the world while achieving exceptional long-term revenue growth and profitability. By operationalizing the entire innovation life cycle, Accolade庐 and Acclaim鈩� software and expertise enable innovation, product and project professionals to accomplish the full range of InnovationOps tasks to drive innovation at scale. Sopheon鈥檚 solutions have been implemented in over 50 countries by hundreds of blue-chip customers, including the three most recent winners of the PDMA鈥檚 Outstanding Corporate Innovator Award. Sopheon is listed on the AIM Market of the London Stock Exchange.
萝莉网 Resurgens Technology Partners
is a technology-focused private equity firm investing in North American and select European lower middle-market application and IT infrastructure software businesses. Resurgens鈥� team offers a diversity of investing, operating and talent management experience, applying an active and engaged value creation approach with each portfolio company. Resurgens is headquartered in Atlanta, GA, with additional professionals located in Austin, London and Silicon Valley.