Aarhus, Denmark, February 11, 2021 – Stibo Systems, a global leader in multidomain Master Data Management (MDM) solutions, announces that it has been positioned as a Challenger in the January 2021 Gartner Magic Quadrant for Master Data Management Solutions1.
The release of this report is timely, as according to Gartner, “Seven out of 10 boards of directors responded to the COVID-19 crisis by accelerating digital business initiatives.”2 Commentary from the new Magic Quadrant supports this fact, concluding that “The MDM market continues to evolve and thrive as organizations seek to benefit from the business agility afforded by mastering their most critical data, particularly in times of change.” Stibo Systems customers deploying its advanced multidomain MDM solution reflect this trend for increased focus on digital transformation during the last year.
“In our view, recognition from Gartner in this year’s Magic Quadrant for Master Data Management Solutions is proof that our strategy to become a leading multidomain MDM provider, as well as maintaining our position as one of the foremost PIM vendors, is succeeding,” says Jesper Ejlersen, CEO of Stibo Systems. “Importantly, this success is manifested in the results and achievements of our customers, especially during the COVID pandemic. New customers are increasingly choosing our multidomain solutions, whilst more than 85 percent also select our SaaS offering as they seek to drive important business outcomes. This includes accelerating digital transformation and improving customer experience. The upward trend is reflected in a similar transition for existing customers, many of whom are building upon single domain contracts with additional data domains based in the cloud.”
1. Gartner, “Magic Quadrant for Master Data Management Solutions,” [Simon Walker, Sally Parker, Malcolm Hawker, Divya Radhakrishnan and Alan Dayley], 27th January 2021
2. Gartner, “9 Agility Hacks to Accelerate Digital Business,” [Mary Mesaglio, Elise Olding, Kristin Moyer], 9 December 2020
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