Sopheon Acquires Alignent Software
Acquisition combines leading provider of advanced product and technology roadmapping software with international software and service company.
Alignent Software is the leading provider of advanced product and technology roadmapping software for complex global companies.
Sopheon is an international software and services company.
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PRESS RELEASE OVERVIEW
Software Equity Group’s Client Alignent Software Acquired by Sopheon
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.