Stibo Systems, the global leader in multi-domain Master Data Management (MDM) solutions, today announced that it has been positioned as a Leader in the November 2013 Magic Quadrant for Master Data Management of Product Data Solutions1, by Gartner Inc. (NYSE: IT - News). The Magic Quadrant for Master Data Management of Product Data Solutions provides insight into the segment of the constantly evolving packaged MDM system market that focuses on managing product data to support supply chain management (SCM), CRM and other customer-related strategies. It positions relevant technology providers on the basis of their Completeness of Vision relative to the market, and their Ability to Execute on that vision.
- According to Gartner, vendors in the leader quadrant have strong results and strong delivery capabilities, and 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.
- With unprecedented flexibility, STEP Trailblazer allows users to gain even greater and faster value from their MDM initiative using a single platform. STEP Trailblazer 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.
"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. The ability to achieve and maintain a single, semantically consistent version of product master data is crucial for any customer-centric organization," noted Andrew White, Research Vice President at Gartner, et al. "Leaders have mature offerings and track records of successful deployments, even in the most challenging environments, across all geographies and in many industries.”
Stibo Systems Quote
"We are thrilled to once again be acknowledged by Gartner and for being recognized as a leader and believe it is due to our ability to innovate and create lasting value for our customers," said Mikael Lyngsø, CEO of Stibo Systems. "Recognized as one of the leading independent providers for master data management, every member of the Stibo Systems team is dedicated to helping our customers create real value from their information assets by enabling them to manage all master data in single and highly scalable MDM solution."
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. 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
1 Gartner, Inc. "Magic Quadrant for Master Data Management of Product Data Solutions," by Andrew White and Bill O'Kane, November 6, 2013, ID Number: G00251785