Stibo Systems Continues Record Year Over Year Growth and Industry Momentum
READING, England, June 19, 2013
READING, England, June 19, 2013 /PRNewswire/ --
Fuelled by significant global adoption and solid sales of its award-winning
multi-domain master data management (MDM) solution , Stibo Systems today
announced record year-end performance for their 2013 fiscal year which ended
April 30, 2013. The Company continued to achieve positive cash flow and
profitability and increased its year over year revenue by 30 per cent in the
last four quarters. New customer contracts, expansion into new geographies
and additional deployments from existing clients contributed to Stibo Systems'
extensive worldwide growth.
• Industry leading companies selected Stibo Systems for their multi-domain
MDM projects. New customers include: House of Fraser, Vasanta Group, Ahlsell,
Best Buy, City Electrical Factors, Ferguson, Landal Greenparks and Mason
Companies, Spectrum Brands.
•Nearly 10 per cent of its existing customers upgraded to the Stibo Systems
STEP platform version 6.0, enabling them to expand their multi-domain efforts
and add additional data domains.
•Gartner Inc. named Stibo Systems' customer Grainger a top three finalist in
the Gartner Master Data Management (MDM) Excellence Awards 2013. The Award
recognises end-user organisations that planned and executed successful MDM
programs with significant and measurable business benefits.
•Stibo Systems' customer Cooper Lighting was chosen as a 2012 Best Practices
Award Winner by The Data Warehousing Institute.
•Grainger and Stibo Systems were chosen the winners of the 2013 Ventana
Research Leadership Award for Service and Supply Chain Excellence by Ventana
•Acknowledged extensively by key industry analysts:
*Named a Visionary in the Magic Quadrant for Master Data Management of
Product Data Solutions by Gartner, Inc.
*Ranked highest in the Ventana Research Value Index for Product Information
*Independent research firm, Information Difference, ranks Stibo Systems a
leader in Master Data Management.
•Grew its worldwide presence to 16 locations with new offices and partners in
Australia, Sweden, South America, Canada and Holland.
•Achieved significant vertical market growth across all key industries,
especially among the retail sector as organizations sought to leverage their
multi-domain data assets in order to drive profits and achieve a competitive
•"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."
•"We are honoured to be selected as a finalist for the Gartner MDM Excellence
Award. We are constantly looking for creative ways to deliver value to our
customers, while making it easier for them to get the products and solutions
they need to do their jobs," said Gene Rados, Senior Director of Projects and
Content Management at Grainger. "By developing a product information
management approach that combined strategy, process, and systems, our
resulting MDM system can support the acquisition and management of millions of
products, across a multi-branded and multi-channel global business. In
addition, we leverage Stibo Systems' MDM platform to create information that
can support our global, targeted, print and electronic publishing, as well as
search and select across all current and emerging channels."
•"For the second year in a row, Stibo Systems and its customers are
recognised for their ability to deliver significant business value," said Mark
Smith, CEO & Chief Research Officer of Ventana Research. "Grainger is a
fantastic example of how product information can be used to derive clear and
demonstrable results. We congratulate them for their MDM efforts and for
using product information strategically to better the customer experience and
improve its overall service and supply chain management."
•According to the November 2012 Magic Quadrant for MDM of Product Data
Solutions by Gartner Inc. (NYSE: IT - News), "Many organisations of all sizes
and across many industries struggle to maintain a consistent, shareable and
accurate single version of product or service data across their enterprises.
Achieving and maintaining a single, semantically-consistent version of
product master data is a critical capability for any customer-centric
About Stibo Systems
Stibo Systems gives data direction by providing organisations with a leading
multi-domain master data management (MDM) solution. Stibo Systems enables its
customers 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 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 http://www.stibosystems.co.uk .
Press contacts Simon Judges/Alex Harking StiboSystems@hotwirepr.com
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