ATLANTA--(BUSINESS WIRE)--Stibo Systems, the global leader in multidomain Master Data Management (MDM) solutions, today announced that Gartner, Inc., a leading IT research and advisory firm, has positioned the Company as a Challenger in its 2016 Magic Quadrant for Master Data Management Solutions report. Published January 19, 2017, this is the first time Gartner has published a report on master data management solutions replacing both the Magic Quadrant for Master Data Management of Customer Data Solutions and the for Master Data Management of Product Data Solutions.
This new Magic Quadrant addresses the current focus of the MDM market on all-encompassing solutions as more clients recognize their digital business platform should be built on trusted master data. It will help data and analytics leaders find the best vendor and solution for their needs.
According to the report by 2020, 80 percent of all master data management solution revenue will be driven by support for all of the buying organization's requirements around industries, data domains, use cases, organizations and MDM implementation styles, up from less than 15 percent in 2015.
A proven and true multi-domain MDM solution, Stibo Systems’ Master Data Management platform STEP Trailblazer integrates multiple disparate systems by streamlining the process of aggregating and consolidating information around products, customers, suppliers, employees, assets, location and reference data from multiple sources and formats. STEP has great strengths supporting multichannel e-commerce and offers a native in-memory capability. Customers continue to credit STEP for its ability to implement a broader range of MDM solutions and for enabling them to achieve the key business initiatives their success depends upon. Stibo Systems’ award-winning enterprise-capable solution provides a common set of functionality using one, seamless platform which significantly lowers costs and derives quicker time-to-value when implementing and maintaining a master data project.
“Stibo Systems has long committed to helping our clients master all of their data domains so they can achieve real-business benefits particularly in today’s digital and data-driven environment,” said Mikael Lyngsø, CEO of Stibo Systems. “We believe being ranked a Challenger in Magic Quadrant for Master Data Management Solutions validates the impact we bring to our worldwide customers, which was further demonstrated by Stibo Systems receiving the highest rating across all qualifying vendors in both successfully supporting business initiatives and the number of customers who would personally recommend STEP to others. More importantly, our reference customers' scores indicate strength across a broader range of MDM solution capabilities than any other vendor in this Magic Quadrant which is something we are extremely proud of.”
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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.
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