About Sopheon
Sopheon is an Industrial Goods & Manufacturing company based in Bloomington (United States) founded in 1993, and was acquired by Wellspring in February 2024. Software and services for product lifecycle management are offered. Sopheon has completed 2 acquisitions, including Alignent Software and Solverboard. Sopheon offers products and services including Accolade, Scout, Evolve, and Astria. Its focus areas include Enterprise Applications, Manufacturing Tech, Product Design & Development and PLM. Its competitors include Arena Solutions, Agile Software and Omnify Soft; 2 of its 3 listed competitors have raised funding.
Company details
The company was founded in 1993 and is headquartered in Bloomington, United States. Software and services for product lifecycle management are provided, with the Accolade solution delivering integrated support across innovation management and new product development processes. Operations target multiple industries, serving clients such as BAE Systems, BASF, General Motors, and PepsiCo through its domain sopheon.com.
- Headquarters Bloomington, United States
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website sopheon.com
- Social LinkedIn X
- Acquired by Wellspring (Feb 2024)
- Latest Funding Round$129.04K (USD), Post-IPO
Oct 2012
- Investors
- Investments & AcquisitionsAlignent Software
& 1 more
- Acquired byWellspring
(Feb 2024)
Products & Services of Sopheon
Sopheon offers a comprehensive portfolio of products and services, including Accolade, Scout, Evolve, and Astria.
Software for managing innovation portfolios and driving growth.
Platform to discover new technologies and innovation partners.
Tool for handling intellectual property renewals and portfolios.
End-to-end system for invention disclosure and commercialization.
Funding Insights of Sopheon
- Total Rounds 2
- Last Round Post-IPO — $129,040
- First Round $100,102
(Oct 2009)
All 2 funding rounds of Sopheon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2012 | $129,040 | Post-IPO | – | – | – |
| Oct 2009 | $100,102 | Unspecified | – | – | – |
1 investors in total: 1 institutional.
Investors in Sopheon
Sopheon has secured backing from 1 investor. Prominent investors backing the company include Wellspring.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI platform for technology scouting and corporate venturing is offered. | 2003 | wellspring.com | Chicago, United States |
Investor details for Sopheon
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People of Sopheon
7 people are tracked at Sopheon (5 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Pieter Leijten | VP, Worldwide Sales | Leadership |
Heather MacIntosh | Chief Marketing Officer | Leadership |
Steve Alexander | VP, Global Consulting | Leadership |
Floris S. | Principle Managing Consultant | Innovation | Leadership |
Ken Pausche | Vice President Of Enterprise Sales | Leadership |
Alexander Rosen | Application Support Engineer | Team |
Jonathan Nicol | Software Engineer | Team |
Complete people profiles for Sopheon
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Investments & Acquisitions by Sopheon
Sopheon has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Alignent Software and Solverboard.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Innovation management services are delivered to organizations by Solverboard. | solverboard.com | Bristol, United Kingdom | 2015 | May 2022 | $3.41M | |
Software solutions are developed and provided by Alignent Software. | alignent.com | Carlsbad, United States | 2004 | Jun 2007 | $5.5M |
Complete acquisition details for Sopheon
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Timeline of Sopheon
7 dated milestones of Sopheon across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Sopheon is founded.
- Acquisition Acquires Alignent Software.
- Funding First funding round of $100K.
- Funding Latest funding round, Post-IPO, of $129K.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Solverboard.
- Exit Acquired by Wellspring.
Competitors of Sopheon
Sopheon has 3 listed competitors in our database, 2 of them funded. They include Arena Solutions, Agile Software and Omnify Soft.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| arenasolutions.com | 2000 | Foster, United States | $44.8M | 111 | Cloud PLM applications are delivered for manufacturing firms. | |
| agile.com | 1995 | San Jose, United States | PLM software products are developed and sold with consulting services. | |||
| omnifysoft.com | 2002 | Tewksbury, United States | $150,000 | PLM solutions are provided for discrete manufacturers' product lifecycles. |
Detailed competitors of Sopheon
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Web traffic of Sopheon
Websites that share an audience with Sopheon (sopheon.com).
Websites whose visitors overlap most with Sopheon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| autonomy.com | 100% | 18.3K | #1,628,958 | View details | |
| planview.com | 36% | 377.1K | #163,225 | View details |
Top companies in Manufacturing Tech Solutions
3 companies that operate in the same segment as Sopheon (Manufacturing Tech Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | USD 3.17 B | 22,153 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M |
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Related news about Sopheon
Complete news archive for Sopheon
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Frequently Asked Questions about Sopheon
Sopheon was founded in 1993 and raised its 1st funding round 16 years after it was founded.
Sopheon is headquartered in Bloomington, United States. It is registered at Bloomington, Indiana, United States.
The company was founded in 1993 and is headquartered in Bloomington, United States. Software and services for product lifecycle management are provided, with the Accolade solution delivering integrated support across innovation management and new product development processes. Operations target multiple industries, serving clients such as BAE Systems, BASF, General Motors, and PepsiCo through its domain sopheon.com.
Sopheon's top competitors include Arena Solutions, Agile Software and Omnify Soft.
Sopheon offers Accolade, Scout, Evolve, and Astria.
Sopheon has made 2 acquisitions, including Alignent Software, and Solverboard.
Sopheon has 1 investor. Key investors include Wellspring.
Yes. Sopheon was acquired by Wellspring in February 2024.