Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Sopheon Acquires Front-End of Innovation Management Specialist Solverlink.

Document Cited in Related
Vincent

MANews-(C)2009-2022

UK-based enterprise innovation management software and services company Sopheon has acquired the business and assets of UK based cloud-based business Solverlink Ltd, specializing in the front-end of innovation management, the company said.

Solverboard's multi-tenant, SaaS product is used by both individual innovators and product professionals, and is sold using an online, product-led growth model.

Sopheon will be introducing new cloud-based applications this year, providing value to individual and workgroup users in the corporate ecosystem, alongside and integrated with the group's Accolade enterprise software.

These new applications are intended to drive lead generation for Accolade, as well as being stand-alone solutions that solve individual and workgroup productivity needs.

The acquisition of Solverboard brings PLG capabilities into Sopheon more rapidly than previously planned, and accelerates this SaaS strategy from both functional and go-to-market perspectives, the company said.

Sopheon will continue to offer a free version of Solverboard and a paid subscription with more advanced features.

The company expects to introduce additional Sopheon products to be sold through the Solverboard channel by the end of the year.

The transaction is structured as a business and asset purchase. Initial consideration comprises GBP 500,000 in cash and GBP 250,000 in shares issued at GBP 6 per...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT