Synthos Selects Sopheon as Innovation Management System for Newly Acquired Site in Germany

MINNEAPOLIS–(BUSINESS WIRE)–Sopheon today announced that Synthos Group, the world’s leading manufacturer of synthetic rubber, has agreed to deploy Sopheon’s Accolade Innovation System in one of its production plants, Synthos Schkopau GMBH.

Serving more than 3,000 customers in more than 100 countries, Synthos is one of the world’s leading chemical companies, offering products in a wide range of industries including transportation, agriculture, packaging and building. The company’s development strategy includes, among other things, a commitment to produce 100% sustainable products by 2030.

Sopheon provides industry leaders like Synthos with a unique innovation system that helps chemical companies automate new product development (NPD) and align research and development (R&D), processing and commercialization. Regardless of methodology, Sopheon’s Accolade is a highly scalable solution that supports exceptionally large portfolios with thousands of projects and thousands of users across multiple regions.

“Shifting innovation and new product development priorities towards processing chemicals compatible with the circular economy can be a significant challenge for some chemical companies. But Synthos is proving to be a leader in pushing the industry forward,” said Sopheon CEO Greg Coticchia. “By providing a single source of truth that brings transparency to information and processes, Sopheon Accolade’s centralized system will help Synthos promote best practices for new product development, improve process automation, and reduce time needed to bring renewable products to market.

Enriched by experience gained from hundreds of long-standing, blue-chip customers, Sopheon provides the ability to control and manage innovation and new product development programs and pipelines more effectively and efficiently. Sopheon solutions provide an innovation decision command center that gives businesses complete visibility, smarter decision-making and faster time to value.

To learn more about how Sopheon is transforming business innovation, visit our website at www.sopheon.com.

ABOUT SOPHEON

Sopheon (LSE:SPE) partners with customers to deliver comprehensive enterprise innovation management solutions, including software, expertise and best practices to achieve exceptional revenue growth and profitability long-term. Sopheon’s Accolade solution provides single, fully integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmap, development of ideas and concepts, process and project management, portfolio management and resource planning. Sopheon’s solutions have been implemented by over 250 customers with over 60,000 users in over 50 countries. Sopheon is listed on the AIM market of the London Stock Exchange.

Sopheon and Accolade are registered trademarks of Sopheon plc.


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