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Stibo Systems positioned in 2009 Magic Quadrant for Master Data Management of Product Data

~ Evaluation based on completeness of vision and ability to execute ~

July 27, 2009

Stibo Systems, a leading provider of master data management (MDM) software solutions, today announced that it has been recognised in Gartner’s 2009 Magic Quadrant for Master Data Management of Product Data1. The report evaluated 11 data management vendors.

Gartner cites several key drivers for the growth of the MDM market, including:

    * Increased revenue — improved customer support, up-selling and cross-selling opportunities
    * Better multichannel integration and faster new product introduction
    * Increased supply chain visibility and a simplified environment for increased multi-enterprise collaboration

Stibo Systems’ STEP master data management platform enables customers to turn their product data into a strategic asset by more effectively gathering, managing, publishing and sharing master data across the entire information supply chain. It provides organisations with a single view of product data, enabling them to eliminate duplicated data silos, reduce costs and increase revenue opportunities.

Executive quote

“The importance of a single, consistent view of product data across an organisation cannot be overstated and the rapidly growing MDM market is an indication that the market has begun to realise its value,” said Mikael Lyngsø, CEO, Stibo Systems. “While other vendors are just starting to figure this out, Stibo Systems has been working with customers to manage product data across multiple channels for more than 15 years, giving us an unparalleled track record in this rapidly growing market.”

Analyst quote

The Gartner report states, “Enterprises that struggle to ensure a ‘single view’ of product and associated product data across the enterprise in heterogeneous environments are increasing their spending on MDM initiatives, and MDM tools are seen as a primary enabler of such practices. MDM of product data is helping users meet their requirements for cost optimisation, as well as acting as part of a platform to enable longer-term business growth strategies.”

About the company

Stibo Systems helps companies of all sizes manage master data to improve time to market, enhance partner collaboration, create efficiencies across their information supply chain and comply with complex regulatory requirements by providing solutions to gather, manage, publish and share product information and digital assets. With global operations in the United States, the United Kingdom, Germany, Denmark, India and Singapore, it is part of the privately held Stibo A/S group of companies.

Stibo Systems’ customers include GE, Sony, Sears, Siemens, Fujitsu, Harbor Freight Tools, Premier Farnell, Millipore, Conrad Electronic, RS Components, Patterson Companies, Thomas Cook, Henry Schein, Figleaves.com and many others.

Contact details

LEWIS PR
Ellen Spenceley/Lisa Gillingham
stiboUK@lewispr.com
0117 315 8584

Technorati tags: stibo | master data management | MDM | software solutions |

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