Aarhus, Denmark, November 29, 2022 – The global master data management (MDM) solutions provider Stibo Systems sees half-year revenue grow year-on-year by DKK 90 million (USD $12.58 million), which is more than a 20% growth.
The majority of Stibo Systems’ new business is software as a service (SaaS), with well over 95% of new customers opting for a Cloud deployment.
“We are in a great position at this half-year milestone,” said Adrian Carr, Stibo Systems CEO. “Results from the past two quarters show healthy growth in revenue despite the economic uncertainty. The vast majority of new customers are opting for the Software as a Service (SaaS) platform. In addition, the majority of our existing customer base, built over 30 years, has also migrated to the Cloud, underpinning the maturity of this offering.”
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