Sopheon
- Company typePublic
- Founded1993
- HeadquartersBloomington, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
Sopheon firmographics
Firmographics- Name
- Sopheon
- Legal name
- Sopheon Plc
- Website
- https://sopheon.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Sopheon industry classification
Industry- Product category
- Enterprise Innovation Management Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- IP Management, Patents & Trademark Software (BPAEAPAN)
Keywords
Where Sopheon is headquartered
LocationHeadquarters
- HQ city
- Bloomington
- HQ country
- United States
- HQ region
- North America
Markets served
Sopheon business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- SaaS/Cloud Subscriptions: Cloud-based software-as-a-service offerings with recurring subscription revenue. ROI Blueprints expected to generate approximately USD 0.1 million in revenue for 2021.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Sopheon product offering
Product offeringCore offering
Sopheon (operating through the Wellspring brand) develops and sells cloud-based enterprise software solutions for innovation management, intellectual property management, and technology transfer. The platform covers the entire innovation lifecycle — from tech scouting and idea discovery through portfolio prioritization, new product development, technology transfer, and IP renewals — for large corporations and research institutions. Professional services including training, consulting, and data/operations support complement the software.
Product overview
Sopheon is a company operating in the innovation management software space. Based on available sources, Sopheon offers cloud and SaaS-based enterprise planning solutions. The company expanded its portfolio through the acquisition of ROI Blueprints LLC, a cloud-based enterprise planning solution provider, strengthening its cloud and SaaS offerings and market reach.
Differentiator
Problem solved
Functional benefit
Products and services
- Accolade
Companies that use Sopheon
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles2 records
Sopheon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Sopheon partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ROI Blueprints LLCcoreSopheon acquired ROI Blueprints, a cloud-based enterprise planning solution provider, through a structured asset purchase. Initial consideration of USD 1.5 million with potential additional payments up to USD 3.0 million total deal value. Acquisition aims to extend Sopheon's cloud and SaaS offerings and expand market reach.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Sopheon competitors and assessment
Company assessmentDirect peers
- Brightidea: Innovation management software platform offering idea collection, evaluation, and portfolio management tools. Directly competes with Wellspring's Accolade suite for enterprise innovation programs.
- Anaqua: IP management and analytics software for corporations and law firms, with similar offerings to Wellspring's Astria and Evolve for patent renewals, portfolio management, and technology transfer.
- InnovationCast: Innovation management platform with idea management, co-creation, and innovation programs - a direct niche competitor to Accolade in mid-market and enterprise innovation software.
- Clarivate (IPfolio / CPA Global): Provides IP management software including IPfolio for portfolio analytics, comparable to Wellspring's Astria, and competes for the same corporate IP and tech-transfer budgets.
- IdeaScale: Enterprise idea and innovation management software with crowdsourcing capabilities. Targets similar enterprise buyers for innovation challenges and pipeline management, competing at lower end of Accolade's market.
- Spigit (Planview): Enterprise innovation management software focused on crowdsourced ideas and innovation pipelines. Operates as a direct competitor in innovation portfolio management for large organizations.
Broad incumbents
- SAP: Enterprise application suite including portfolio and project management capabilities that overlap with Wellspring's enterprise planning and innovation portfolio functionality as part of a much broader offering.
- Atlassian: Work management and agile planning tools (Jira, Confluence) widely deployed at large enterprises. Indirect competitor as innovation management and program execution often happen within Atlassian platforms.
- Planview: Enterprise portfolio and project management (PPM) platform with an innovation management module via Spigit. Competes broadly with Wellspring for strategic portfolio and innovation investment planning budgets.
Emerging players
- Productboard: Product management platform used by enterprise product teams to prioritize features and roadmap. Adjacent to Wellspring's innovation-to-product workflows, with growing overlap in mid-market product portfolio decisioning.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Sopheon social profiles
Digital presenceSopheon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sopheon leadership team
Management profileNumber of profiles
Profiles4 records
Sopheon subsidiaries and ownership
Company hierarchySubsidiaries1 record
Sopheon funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sopheon M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sopheon
What does Sopheon do?
Sopheon (operating through the Wellspring brand) develops and sells cloud-based enterprise software solutions for innovation management, intellectual property management, and technology transfer. The platform covers the entire innovation lifecycle — from tech scouting and idea discovery through portfolio prioritization, new product development, technology transfer, and IP renewals — for large corporations and research institutions. Professional services including training, consulting, and data/operations support complement the software.
Is Sopheon a public or private company?
Sopheon is a public company. It is classified as public and is currently operating.
When was Sopheon founded?
Sopheon was founded in 1993. It employs 251 to 500 people.
Where is Sopheon based?
Sopheon is headquartered in Bloomington, United States, in the North America region.
How does Sopheon make money?
One revenue line is on record: saaS/Cloud Subscriptions.
Who are Sopheon's main competitors?
Direct peers on record are Brightidea, Anaqua, InnovationCast, Clarivate (IPfolio / CPA Global), IdeaScale and Spigit (Planview). Broad incumbents are SAP, Atlassian and Planview. Productboard is listed as an emerging player.
Does Sopheon have an API?
No public API is recorded for Sopheon.
What industry is Sopheon in?
Sopheon's product category is Enterprise Innovation Management Software. Its primary akta.pro industry code is BPAEAPAN, IP Management, Patents & Trademark Software. Its NAICS code is 513210 and its SIC code is 7372.