Revlon Adopt Sopheon Product

Sopheon PLC 02 December 2003 Embargoed Release: 07:00hrs 2nd December 2003 Sopheon Plc ('Sopheon') Sopheon Product Development System Adopted by Revlon MINNEAPOLIS and LONDON 3/4 Dec. 2nd, 2003 3/4 Sopheon, the international software and services company, announced today that Revlon Consumer Products Corporation, a globally known mass-market leader in cosmetics, skin care, fragrances and personal care products, has entered into an agreement with Sopheon pursuant to which Revlon has licensed Sopheon's Accolade product development system. 'There are many benefits associated with Accolade's growing market momentum,' said Andy Michuda, chief executive officer of Sopheon. 'One of the greatest is the fact that it creates opportunities for us to work with global industry leaders such as Revlon. Increasingly, we are also teaming with leading advisory firms such as Deloitte Consulting, experts at helping companies build product strategies that can drive sustained organic growth and a partner in the Revlon implementation. Of course, the real winner in this kind of collaboration is the client. We believe that the product development system Revlon has put in place is among the best in the industry.' Sopheon's Accolade is the industry's first product development system that integrates human- based decision-support services and process-enabling technology for the comprehensive management of product and technology portfolios. In addition to automating the product development process, Accolade offers such features as an idea management and screening module that captures, tracks and enables objective evaluation of product ideas; portfolio management tools that allow the early identification of the most commercially promising product development concepts; and a knowledge network that facilitates the transfer of information and know-how across value chains to improve the speed and effectiveness of decision making. About Revlon Revlon (NYSE: REV) is a worldwide cosmetics, skin care, fragrance, and personal care products company. The Company's vision is to become the world's most dynamic leader in global beauty and skin care. Websites featuring current product and promotional information, as well as corporate investor relations information, can be reached at www.revlon.com, www.almay.com and www.revloninc.com. The Company's brands, which are sold worldwide, include Revlon(R), Almay(R), Ultima II(R), Charlie (R), Flex (R), and Mitchum(R). About Sopheon Sopheon (LSE: SPE) is an international provider of software and services that help organizations improve the business impact of product development. The Sopheon Accolade(R) product development system automates gate-or phase-based product development processes and provides strategic decision support that allows companies to improve innovation, cut product development spending waste and shorten time to market. Sopheon's Monitor software operates as a 'reading robot' that automatically reviews, filters, analyzes and pushes relevant content to healthcare and engineering professionals to enable effective compliance with protocols, standards and regulations. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Euronext in the Netherlands. For more information, please visit www.sopheon.com. Further Information: Barry Mence, Chairman Sopheon plc Tel: + 44 (0) 1483 685 735 Arif Karimjee, CFO Adam Reynolds Hansard Communications Tel: + 44 (0) 207 245 1100 Andrew Tan + 44 (0) 7957 203 685 Barbara Jansen Citigate First Financial Tel: + 31 (0) 205 754 010 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Sopheon (SPE)
UK 100

Latest directors dealings