MDM Provider Honored With 2012 Ventana Research Technology Innovation Awards for Their Innovation in Technology and For Its Advancements for Both Business and ITAtlanta, GA, November 7, 2012 – Stibo Systems today announced that it has been named the winner of the 2012 Ventana Research Leadership Award for Service and Supply Chain Excellence. Ventana Research awarded Stibo Systems its Operational Leadership Award for Service and Supply Chain Excellence based on innovations in the STEP software suite, including its ability to combine rules, integration, workflow profiling and its use of data quality and governance for product information management.
Additionally, Stibo Systems' customer Cooper Lighting was acknowledged as the winner of the 2012 Ventana Research Leadership Award for Service and Supply Chain Excellence for its Product Information and Master Data Management initiative in which it consolidated product data for its 23 brands. Both Stibo Systems and Cooper Lighting will receive their awards on November 8, 2012, at the Ventana Research Business Technology Innovation Summit Gala Dinner and Leadership Awards Ceremony.
“Stibo Systems continues to earn high marks for the significant business value it brings to customers,” said Mark Smith, CEO & Chief Research Officer of Ventana Research. “We congratulate Stibo Systems for receiving this distinguished award and for advancing its software in order to help organizations create demonstrable ROI and efficient service and supply chain management.”
The first ever Ventana Research Technology Innovation Awards recognize technology vendors who have introduced innovations in technology to advance business and IT. The awards distinguish pioneers that have developed clear visionary and transformative technology and showcase what technology vendors have done to advance the computing potential of their applications and technology so that it can be used to drive better efficiency and productivity as well as the outcomes and performance of an organization. As part of the scoring process and methodology, Ventana Research examined submissions and nominations from the research team to assess, score and select the technology that has the best impact for that specific category.
"We are thrilled to be acknowledged by Ventana Research and for being credited for helping our customers strategically manage the multi-domain information that is necessary to solve their business objectives," said Andreas Lorenzen, President of Stibo Systems. "By linking all of their product, supplier, and customer operational information, the STEP platform has resulted in faster time to value and a greater return on investment.”
About the Ventana Research Leadership Award
The 2012 Ventana Research Leadership Awards recognize individuals and organizations that have advanced business leadership by effectively utilizing their people, processes, information and technology to achieve the best outcomes. The Leadership Awards showcase not only organizations but also the leaders and pioneers who have contributed to their organizations’ successes. These practitioners exemplify the fact that delivering business success requires the successful efforts of a team guided by strong, visionary, effective leadership.
The awards are judged by the analysts at Ventana Research, an industry-renowned research team with hundreds of years of experience in business and technology. The team will evaluate each submission to assess the organization’s use of people, processes, information and technology, the best practices it developed and the project’s business impacts on the organization in 2011 and 2012 as well as the projected value in 2013.
About Stibo Systems
Stibo Systems 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 www.stibosystems.com.