Stibo Systems Announces Mid-Year Results & Global Expansion

ATLANTA--(BUSINESS WIRE)--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.

“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.”

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.