Stibo Systems Announces Mid-Year Results & Global Expansion

  Stibo Systems Announces Mid-Year Results & Global Expansion

Business Wire

ATLANTA -- January 14, 2013

Award winning multidomain master data management (MDM) provider Stibo Systems
achieves record mid-year growth and expands its worldwide locations to better
serve customers. Considerable industry recognition, solid sales, new market
penetration and expanded domain usage from existing customers contribute to
ongoing profitability and continued customer satisfaction.

Summary:

  *Stibo Systems achieved a 40% increase in revenue compared to the first two
    quarters of their previous fiscal year.
  *Leading companies selected Stibo Systems including Best Buy, House of
    Fraser, Kellogg Company, Mason Companies, Philips, Sharp, and TESSCO.

Mid-Year Milestones:

  *Released Stibo Systems STEP 6.0 Software Platform and expanded its
    multidomain expertise to support additional data domains.
  *Grew worldwide presence to 16 locations with new offices and partners in
    Australia, Sweden, South America, Canada and Holland.
  *Increased global headcount by double digits.
  *Stibo Systems customer Cooper Lighting was chosen as a 2012 Best Practices
    Award Winner by The Data Warehousing Institute.
  *Acknowledged by industry analysts;

       *Named a Visionary in the Magic Quadrant for Master Data Management of
         Product Data Solutions by Gartner
       *Ranked Highest in the Ventana Research Value Index for Product
         Information Management
       *Independent Research Firm, Information Difference, Ranks Stibo
         Systems A Leader In Master Data Management

Customer Quotes:

  *“Creating an impressive multichannel experience for our customers is Best
    Buy Canada’s number one goal, and we remain committed to meeting their
    needs both online and in the store,” said Robert Pearson, Vice President
    of eCommerce at Best Buy Canada. “Leveraging Stibo Systems' deep
    experience and its proven Master Data Management platform, we can ensure
    success in achieving our eCommerce objectives and, more importantly,
    continue to meet the unique and growing needs of our customers.”
  *"Winning over consumers in today’s environment requires an assortment of
    unique product offerings combined with creative marketing and pricing
    strategies through multiple channels,” said Dan Hunt, CEO of Mason
    Companies. “Mason chose Stibo Systems because of their keen understanding
    of the retail space and their proven multidomain master data management
    solution. By leveraging Stibo Systems’ STEP platform to help integrate and
    fuel our various channels and streamline our merchandising efforts, event
    messaging, and digital asset management, we can help ensure ongoing
    customer satisfaction by offering the right product at the right time and
    through the right channel.”

Analyst Quotes:

  *“Stibo Systems’ commitment to advancing its software to help organizations
    improve their performance was evident in our research of their company and
    products,” said Mark Smith, CEO & Chief Research Officer of Ventana
    Research. “Stibo Systems should be applauded for its rating of “Hot
    Vendor” and its top placement in the overall Value Index rating.”

About Stibo Systems

Stibo Systems gives data direction by providing organizations with a leading
multidomain master data management (MDM) solution. Stibo Systems enables
organizations to better manage enterprise intelligence on a global scale,
improve sales, and quickly adjust to changes in business requirements. Stibo
Systems’ STEP technology is a flexible, uniform MDM solution that provides a
single trusted source of operational information for the entire enterprise.
Stibo Systems offers deep industry-specific solutions, engineered, and
supported to meet the strategic information needs of global customers
including: GE, Sears, Siemens, Target, and Thule. Stibo Systems is a
subsidiary of the privately held Stibo A/S group, originally founded in 1794
with corporate headquarters in Aarhus, Denmark. For more information, visit
www.stibosystems.com.

Contact:

For Stibo Systems
McCoin & Smith Communications Inc.
Chris McCoin, 508-429-5988
chris@mccoinsmith.com
or
Richard Smith, 978-433-3304
rick@mccoinsmith.com
 
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