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  5. Sopheon Acquires Prodex

M&A Deal Summary

Sopheon Acquires Prodex

On July 13, 2023, Sopheon acquired information technology company Prodex

Acquisition Highlights
  • This is Sopheon’s 2nd transaction in the Information Technology sector.
  • This is Sopheon’s 1st transaction in Australia.

M&A Deal Summary
Date 2023-07-13
Target Prodex
Sector Information Technology
Buyer(s) Sopheon
Deal Type Add-on Acquisition

Target

Prodex

Brisbane, Australia
Prodex is a service and technology provider in innovation management serving companies operating in Asia Pacific to deliver integrated solutions that govern new product development, drive growth, and increase profitability. The company's LogoProdex, a longtime reseller of Sopheon products, assists innovative and successful companies to make better, quicker decisions and increase speed to market. Prodex is based in Brisbane, Australia.

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Buyer(S) 1

Buyer

Sopheon

West End, United Kingdom
Category Company
Founded 1993
Sector Software
Employees169
Revenue 37M USD (2022)
DESCRIPTION

Sopheon is a provider of software services to enables innovation, product, and project professionals to accomplish the full range of InnovationOps tasks to drive innovation at scale. Sopheon was founded in 1993 and is based in West End, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Solverboard

Bristol, United Kingdom

Solverboard is a business specializing in front-end innovation management. The Company's cloud-native product reduces time to value by helping companies dynamically find, align, test, and deliver the best innovation and product ideas from employees and customers. Solverboard was founded in 2015 and is based in Bristol, England.

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