San Diego, CA, June 25, 2007 – Software Equity Group, LLC (SEG), a leading software industry investment bank and M&A advisory, announced today the sale of its client, Alignent Software, Inc., the leading provider of advanced product and technology roadmapping software for complex global companies, to Sopheon (Sopheon; LSE: SPE), an international software and services company. The reported purchase price consisted of total cash consideration of US$4.75m, with an additional earn-out of up to $750,000 linked to the achievement specific sales bookings objectives.
Alignent’s flagship offering Vision Strategist, is an ideal complement to Sopheon’s existing product innovation process and portfolio management system. Alignent reported audited revenues of $3 million and a $4.3 million net operating loss for the year ended December 31, 2006.
About Software Equity Group (SEG)
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, the firm provides both sell-side and buy-side representation to privately-held companies, U.S. and foreign public companies, and several of the world’s leading private equity firms. SEG has advised and guided software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. The firm’s quarterly Software Industry Equity Reports are read by some 15,000 software industry executives, entrepreneurs and equity investors. For more information, visit www.softwareequity.com.
Sopheon (LSE:SPE) is an international provider of software and services that help organizations improve the business impact of product innovation. Sopheon’s Accolade system automates and governs the innovation process, enabling companies to increase revenue and profits from new products. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Euronext in the Netherlands.
About Alignent Software, Inc.
Alignent Software supports the powerful process of roadmapping. Alignent’s solutions dynamically connect product and technology planning across the company, empowering organizations to visualize, manage and communicate future directions within a single system. Alignent focuses R&D efforts, fosters cross-functional collaboration and aligns people around a unified plan of record that adapts in real-time to empower accurate, timely business decisions. The world’s most sophisticated product and technology planners rely on Alignent, including BAE Systems, Corning, Honeywell, Lockheed Martin, Medtronic, Motorola, Philips, Textron, the U.S. Air Force and the U.S. Navy.