Accept Software is a provider of a Software-as-a-Service ("SaaS") solution for Innovation Process Management ("IPM"), a sub-sector within Product Lifecycle Management ("PLM"). The Company's product suite delivers tools to automate product conception, product planning, and product portfolio management, and includes powerful enterprise reporting and role-based dashboards, all through an "on demand" web-interface. The software helps customers to increase new product revenue, drive competitive advantage, maximize returns on R&D investment, and improve productivity for product marketing, development managers, and senior executives. The software is mainly targeted at businesses both in the mid-market (companies with $200 million to $2 billion in revenues) and large market ($2+ billion) with large distributed product management organizations. The Company has a strong, experienced management team with previous success in building and selling enterprise software solutions.