Press Release
Accept Software Announces Record Financial Results and Expansion into Europe
Strong Market Demand Fueling Company Expansion
Fremont, Calif. – April 28, 2010 – Accept Software, the integrated collaborative product management company, today announced revenues for the first quarter of 2010 increased by double compared to first quarter of 2009. The strong growth is a result of the market's renewed appreciation for the importance of product innovation coupled with productivity driven by technology. The company also announced the opening of two sales offices in Europe in response to market demand.
Accept Software's growth is being driven by customers' increasing adoption of Accept360™ SaaS solutions to manage product strategy and innovation lifecycle management. "The improving global economy is driving companies to invest more aggressively in new products, extend successful product lines and enter new markets," said Bryan Plug, CEO and president, Accept Software. "Our customers recognize that delivering the right products that drive revenue growth, in good times as well as bad, is not only fundamental to their success but is their key competitive differentiator." This is achievable only through capturing/prioritizing customer ideas, defining business strategy, portfolio planning and analytics-driven dashboard reporting. Accept makes this possible by unifying the product strategy and execution process into a common playbook that drives all segments of a business enterprise.
Accept Software's expansion into the European market will leverage its existing USA platform and is driven by the same market needs that are responsible for its strong USA growth. This month, sales offices were opened in London, UK and Munich, Germany. "Accept already has a sizable customer base within Europe," said Stephen Turner, senior vice president of Accept sales. "Having dedicated resources in London and Munich will enable us to better serve these customers and meet the growing demand for product innovation management solutions."
Accept360 is uniquely effective because it integrates four historically stovepipe activities into functionally deep yet highly-integrated modules. This enables companies to define, prioritize and build the right products based on key business priorities. The Accept360 suite includes: Accept Ideas, Accept Requirements, Accept Product Strategy and Portfolio, and Accept Agile.
About Accept Software
Accept helps companies create innovative products and services that will change the world. Repeatedly recognized by the Association of International Product Marketing and Management (AIPMM) with the Excellence in Product Management Award and Gartner Group, Accept Software solutions have helped global technology leaders including Oracle, Cadence Design Systems, Alcatel, ExactTarget, and Intel Corporation introduce market-leading products. For more information, visit www.acceptsoftware.com or call us at 866-423-8376.
Accept Software and Accept 360 stylized logos are trademarks or registered trademarks of Accept Software in the United States and other countries. All other company and product names are trademarks or registered trademarks of their respective holders. The information in this document is subject to change without notice.