PRESS RELEASE: Sopima among the most promising European technology startups

The Finnish software company Sopima has been selected to the exclusive group of 18 most interesting technology startups in Europe.

The BizSpark European Summit will take place on Tuesday, May 25th 2010 at Microsoft’s European headquarters in Paris. Microsoft’s 6th Investor Summit will gather 350 people together. The chosen startup companies are presenting their solutions to the jury consisting of well-known investors and business leaders.

“This is a great opportunity for Sopima to be part of this international competition. Many businesses now realize the importance of proactive contract management that truly is part of everyday business – for cost saving and improved risk management. The growth potential for our service looks excellent” says Jaan Apajalahti, CEO of Sopima. “Microsoft BizSpark program have offered valuable support for growth and our internationalization. This competition is a great example of it” Apajalahti continues.

“I am delighted that Microsoft is able open international opportunities for its Finnish business partner organizations. Sopima was one of the first ones to build application on Windows Azure cloud computing platform, supported by our support program for growth companies. This kind of innovate companies and international cooperation are needed for the success for Finnish economy”, says Ari Rahkonen, General Manager of Microsoft Finland.

Earlier this year Sopima won Innovate!2010’s Finnish semifinal and is now part of the esteemed TOP 100 list of promising startups.

More information on Microsoft’s Investor Summit via Microsoft.eu portal:  http://bit.ly/dtMll3

PR Newswire press release on Innovate!2010 competition:
http://www.prnewswire.com/news-releases/sopima-oy-wins-helsinki-pitch-slam-and-enters-esteemed-innovate100-89382367.html

More information

Sopima Oy
Jaan Apajalahti, CEO
Puh. +358 40 701 3897
jaan.apajalahti (at) sopima.com

Microsoft Oy, Finland
Ari Rahkonen, General Manager
Puh.  +358 40 754 3966
ari.rahkonen (at) microsoft.com

Sopima brings contracts to life. The intuitive software solution revolutionizes contract management with a collaborative online process to negotiate and fulfill contracts. Sopima turns traditional hard-to-interpret contracts into sets of clearly categorized business items, ensuring that every item is duly assigned and brought to action. Automated tasks ensure promises are met and benefits utilized, while categorized items allow for easy search and analysis. Delivered as a cloud-based service with certified bank-level security, Sopima is built on Microsoft Windows Azure and Silverlight technologies. Founded in 2009, Sopima is privately held and based in Helsinki, Finland. For further information, please visit www.sopima.com.