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Sopheon announces preliminary results fo

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  1. [verwijderd] 21 mei 2001 15:10
    voor die genen die dit nog niet gelezen hebben. misschien in de tussen tijd bericht van ons sophietje. 30 March 2001 SOPHEON PLC PRELIMINARY RESULTS FOR THE YEAR TO 31 DECEMBER 2000 UPDATE AND OUTLOOK ON 2001 Sopheon plc ("Sopheon"), the international knowledge management software, services and content group, announces its unaudited preliminary results for the year to 31 December 2000 and provides an update and outlook for 2001. Sopheon has operations in the UK, USA and the Netherlands; its shares are traded on AIM in London and on the Euronext Amsterdam. Highlights : · Revenues increase five-fold to £7.8m (1999: £1.5m). EBITDA losses for the year were £6.8m (1999: loss of £1.7m) after research and development expenses of £3.2m (1999: £0.6m). Pro forma revenues including Teltech were £15.2m, in line with revised broker expectations. · Completion of the £26m acquisition of Teltech Resource Network Corporation, a leading US business-to-business research portal and provider of knowledge management services coupled with £20m share placing to support acquisition strategy and accelerate business development on both sides of the Atlantic. · Management organisation strengthened including the appointment of Andy Michuda as CEO, Chris Hawver as head of marketing and Bernard Al as a non-executive director. · Three major organisations sign up launching customer projects for Accolade and several more under negotiation with a strong pipeline developing. · Four affiliate partners sign up to link Intota into their portals with more in the pipeline. · Global business development alliance signed with Hewlett Packard. · Proposed acquisition announced yesterday of an operating division of Aventis Research and Technology GmbH will enhance Sopheon’s position in Continental Europe and extends both the customer base and expertise in life sciences. Chairman, Barry Mence said; "Sopheon has made much progress during 2000. Accolade, our first combined offering from the merged companies has received excellent feedback from the market resulting in three substantial organisations signing up as launching clients in Q1. This early success together with our firm footprints in both the European and US markets leads us to have excellent expectations for 2001 and beyond." For further information contact : Barry Mence, Chairman Sopheon plc Tel : + 44 (0)1483-883000 Arif Karimjee, CFO Sopheon plc Tel : + 44 (0)1483-883000 Steve Liebmann Buchanan Communications Tel : + 44 (0)207-466-5000 Barbara Jansen First Financial Communications Tel : + 31 (0)205-754-080 CHAIRMAN’S STATEMENT Introduction The year to date has been eventful with substantial progress made towards our objective of becoming a major global company in the emerging knowledge management market. During the first half year, AppliedNet, acquired in late November 1999, was successfully integrated into the group. In early March, the proposed acquisition of Teltech Resource Network Corporation ("Teltech") was announced; this transaction was completed on 15 September 2000 following filing of Sopheon’s registration statement with the Securities Exchange Commission at the end of August. In the last fifteen months Sopheon has developed beyond recognition. From a small research and development business in late 1999 with a base in Amsterdam, 40 people and revenues under £1m, Sopheon ended the year 2000 with significant operations in the UK, the Netherlands and Minnesota and Colorado in the USA, 250 staff and a pro forma turnover of £15.2m for 2000. Results and Finance In line with revised expectations, Sopheon’s consolidated revenues show a five-fold increase over 1999 rising from £1.5m to £7.8m. This includes a contribution of £3.2m from Teltech Resource Network Corporation (now trading as Sopheon-Teltech) for the three and a half months after completion of the acquisition. Our consolidated EB
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