Strategic Information Management Provider Stibo Systems Achieves Record Growth

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May 24, 2012, 06:36 ET

ATLANTA, May 24, 2012 /PRNewswire/ --

Geographical Expansion, Vertical Market Growth, Industry Recognition and Solid Sales Contribute to Ongoing Profitability & Customer Satisfaction

Stibo Systems, the Strategic Information Management Company, today announced significant financial growth highlighted by new customer contracts, additional deployments from existing clients, and expansion into new vertical industries and geographies including France, Benelux and Australia. The Company, which continued to achieve positive cash flow and profitability, increased year over year revenue by 20 percent in the last four quarters while realizing significant growth and support for their master data management solution, Stibo STEP Platform.

Stibo closed numerous new customers in its last fiscal year, while nearly one in three of its existing customers upgraded to the latest version of the Stibo STEP platform. Significant vertical market growth was achieved across all key industries especially among the retail sector which grew more than 20 percent as organizations sought to leverage their multi-domain data assets in order to achieve a competitive advantage and drive profits. The Company was also positioned highest in the Niche category for its "Ability to Execute" in the November 29, 2011 Gartner Magic Quadrant for Master Data Management (MDM) of Product Data.

The November 29, 2011 Gartner Magic Quadrant for Master Data Management (MDM) of Product Data, states that the drivers for MDM in general and for MDM of product data specifically have shifted beyond traditional business intelligence and decision making toward improved business outcomes. These action-oriented business processes are often tied to customer and consumer-facing efforts that seek to increase revenue or service through better customer relationships and responses and a singular view of what the customer has acquired (or could acquire) from the organization.

By creating a single trusted source of all strategic information, Stibo enables its customers to transform departmental knowledge into an enterprise wide asset. As a result, business users can leverage their customer, product and supplier data in order to maximize profitability, reduce operating expenses, mitigate risk and enhance agility. To learn more visit http://www.stibosystems.com.

"Stibo Systems continues to be recognized for helping some of the world's most demanding organizations leverage data to their strategic advantage," commented Mikael Lyngsø, CEO of Stibo. "Stibo's strong performance and momentum are evidence of the increased importance organizations are placing on resolving and managing their multiple data domains and the importance it plays to critical business processes and decision making."

About Stibo Systems

Stibo Systems, the Strategic Information Management Company, provides technology and solutions that enable organizations to manage their strategic information on a global scale through an integrated process. Stibo Systems' STEP technology is a flexible, uniform Master Data Management (MDM) platform that provides the business with a single trusted source of operational information for the entire enterprise. Stibo Systems' global customers include 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 http://www.stibosystems.com.

Fiona Ashdown
Marketing Manager
Telephone : +44(0)118-949-7848
Email: [email protected]

SOURCE Stibo Systems