Stibo
Systems today announced that it has been identified as a leader in
the Nov. 2014 Magic Quadrant for Master Data Management of Product Data
Solutions by Gartner Inc. (NYSE:IT). The Magic Quadrant for Master Data
Management of Product Data Solutions provides insight into the
constantly evolving packaged MDM system market, which focuses on
managing product data to support supply chain management (SCM),
e-commerce and other customer-related strategies. It positions
technology providers on the basis of their completeness of vision
relative to the market and their ability to execute on that vision.
The MDM of product data solutions market segment grew nearly nine
percent in 2013, according to Gartner. Increasingly, end-user
organizations are exploiting MDM as the heart of a digital business
transformation..
Key Points
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According to Gartner, vendors in the Leaders Quadrant have strong
results and strong delivery capabilities, and they will continue to
have them. They typically possess a large, satisfied customer base
(relative to the size of the market) and enjoy high visibility in the
market. Their size and financial strength enable them to remain viable
in a challenging economy. Leaders have mature offerings and track
records of successful deployments, even in the most challenging
environments, in at least two geographies and in many industries.
Leaders have the strategic vision to address evolving client
requirements; however, they are not always the best choice.
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With unprecedented flexibility, Stibo Systems’ STEP
Trailblazer product data solution allows users to gain even
greater and faster value from their MDM initiatives using a single
platform. STEP provides functional richness, strong data modeling and
powerful workflow capabilities, while streamlining the process of
aggregating and consolidating operational information from multiple
sources and formats.
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Stibo Systems’ customers continue to earn accolades from industry
analysts and media:
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Brady Corporation (NYSE:BRC) was chosen as the
winner of the 2014 Ventana Technology Leadership Award for
Information Optimization.
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W.W. Grainger, Inc. (NYSE:GWW) has been named a top
three finalist in the Gartner Master Data Management (MDM)
Excellence Awards 2013.
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Advance Auto Parts (NYSE:AAP) was
recognized as a 2013 Best Practices Awards Winner by TDWI.
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During the last 30 years, Stibo Systems has helped teams in the
manufacturing, distribution, retail, automotive, CPG, travel,
hospitality and medical device industries to manage master data on a
global scale. Using Stibo Systems' STEP technology, customers can
leverage their product information assets and handle the complex
product-oriented workflows needed to reconcile product and
cross-channel consistencies in order to meet their omnichannel needs.
From the Research
"Businesses of all sizes and in many industries struggle to maintain a
consistent, shareable and accurate single version of product or service
data across their organizations. With the increasing focus on
digitalization of enterprises, management of their key master data is
also becoming more important,” noted Andrew White, VP Distinguished
Analyst and Bill O’Kane, Research Director at Gartner. They go on to
write, “The ability to achieve and maintain a single, semantically
consistent version of product master data is crucial for
customer-centric organizations.”
Stibo Systems Quote
"We are thrilled to be recognized as a leader by Gartner for the second
year in a row," said Mikael Lyngsø, CEO of Stibo Systems. “Every member
of the Stibo Systems’ team remains committed to providing our customers
and partners with cutting edge solutions that not only meet their most
pressing business issues but also create the most lasting and
demonstrable value."
About Gartner's Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner's
research organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect to
this research, including any warranties of merchantability or fitness
for a particular purpose.
About Stibo Systems
Stibo Systems is the global leader in multidomain Master Data Management
(MDM) solutions. Industry leaders rely on Stibo Systems to provide
cross-channel consistency by linking product and customer data,
suppliers and other organizational assets. This enables businesses to
make more effective decisions, improve sales and build shareholder
value. During the last 30 years, Stibo Systems has helped hundreds of companies
to develop a trusted source of operational information. A privately held
subsidiary of the Stibo A/S group, which was originally founded in 1794,
Stibo Systems' corporate headquarters is located in Aarhus, Denmark. For
more information, visit www.stibosystems.com.
Copyright Business Wire 2014