Sopheon expands into health and wellness segment with contract win

Sopheon signed an agreement on Tuesday with The Nature’s Bounty Co. for the enterprise-wide deployment of its Accolade software.

Software and services provider Sopheon said The Nature’s Bounty Co’s adoption of Accolade, a product portfolio management suite designed for idea development, roadmapping and process management, signifies further expansion into the health and wellbeing market segment.

Andy Michuda, Sopheon chief executive, said: "Many market-leading organizations are challenged to become more agile and drive speed in everything they do in an effort to retain their leadership position in the digital era. We are honored to be selected as the partner of choice to assist The Nature's Bounty Co. in their transformation for continued growth."

Over 200 customers have now implemented Sopheon products, with the software now being used by 60,000 people in 50 different countries.

Andrea Simone, chief business transformation and information officer of The Nature's Bounty, said: "Sopheon's software will help enable the continued balancing of global governance and standards with localized flexibility as we pursue our global growth plans."

Sopheon’s shares were down 1.03% at 960.00p at 1637 BST.