Proposed Aquisition

Sopheon PLC 29 March 2001 29 March 2001 Sopheon plc Proposed Acquisition of the technology and information services division of Aventis Research & Technologies Stock Transaction Will Give Knowledge Management Leader Added Strength In Life Sciences and Critical Mass in German Market Sopheon plc ('Sopheon') (LSE:SPE), the international knowledge management software and services company, announced today that it has signed a letter of intent to acquire the Technology and Information Services division ('AIT') of Aventis Research & Technologies, Frankfurt, Germany. Based in the Industrial Park Hochst, Frankfurt, Germany, AIT was formed originally as the Scientific Information Department of Hoechst A.G. - Central Research; AIT was converted to profit-centre status in 1998 when it extended its service reach to include customers outside the former Hoechst group. While the Aventis Group as a whole continues to be an important customer, AIT also has other customers, many of which are leading life sciences businesses. Its activities are complementary to Sopheon's existing operations in the US, UK and the Netherlands and will give Sopheon a strong service and product presence in Germany and in the life sciences market, and a relationship with one of the world's leading pharmaceutical companies. Like Sopheon, AIT is focused on providing technology-based solutions that integrate software applications, expert services and specialized content to improve knowledge-intensive business processes. Its offerings include knowledge management and research portal solutions, integrated systems and application design services for businesses in the life sciences sector. Sopheon anticipates that the consideration for the proposed acquisition will comprise the issue of new ordinary shares to the vendor (subject to a twelve month lock-in period) with a value approximately equal to the net assets being acquired (including tangible assets, receivables and cash). At the time the transaction is completed, it is anticipated that AIT will have sufficient working capital for it to operate as an independent entity outside Aventis Research & Technologies. Sopheon will also acquire AIT's intellectual property within the proposed consideration. The consideration will also incorporate an earnout component, also in the form of Sopheon equity, linked to profits in 2001 through 2003. AIT has annual revenues of DM 20 million (£6.5 million) and generates an operating profit. The transaction will be subject to completion of due diligence, execution of a definitive agreement, respective board and regulatory approvals, amongst other requirements. Barry Mence, Chairman of Sopheon commented : 'AIT is an excellent fit with Sopheon in terms of products, services and a focus on the life sciences industry. The proposed acquisition will increase our geographic reach as well as improving our overall product offering. We also look forward to welcoming Aventis Research & Technologies as a shareholder in Sopheon.' About Aventis Research & Technologies Aventis Research & Technologies GmbH & Co KG is a subsidiary of Aventis Group, Strassbourg, France - the leading pharmaceuticals and agro group created in December 1999 through the merger of Hoechst A.G. of Germany and Rhone-Poulenc S.A. of France. About Sopheon Sopheon, which last year merged with Minneapolis-based Teltech Resource Network Corporation, is an international provider of information and knowledge solutions that enable companies to more efficiently access internal and external information and turn it into the knowledge to compete. Sopheon's experience in integrating information process and content is the foundation for a combination of pre-loaded, industry-specific software applications, expert services and specialized content. Its comprehensive solutions can enhance business processes ranging from product development and customer relationship management to R&D and quality management. Sopheon has operating bases in the United Kingdom, the Netherlands and the United States. Its clients are companies in the life sciences, high-tech and healthcare industry sectors, and include nearly half of the technology-driven companies on the Fortune 500. For more information, please visit www.sopheon.com. For further information, please contact: Sopheon plc Barry Mence, Chairman (barry.mence@sopheon.com) + 44 (0)14 8388 3000 Arif Karimjee, CFO (arif.karimjee@sopheon.com) + 44 (0)14 8388 3000 Buchanan Communications Steve Liebmann/Ed Cowdery (stevel@buchanan.uk.com) + 44 (0)20 7466 5000

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Sopheon (SPE)
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