Stibo
Systems, the only master data management (MDM) company focused on
putting Your business first, announced today at its annual
CONNECT Customer Conference that the company has concluded one of the
most successful fiscal years in its 43-year software history – the same
year that parent Stibo Group celebrates its 225-year anniversary.
Among its many accomplishments in fiscal year 2018/2019, which closed on
April 30, 2019, Stibo Systems experienced:
-
Consecutive quarters of growth representing the highest performance
for that quarter in company history - 20% growth in order intake year-over-year
-
Additions to the global leadership team focused on innovation and
operational excellence -
An expanded global strategic partner program extending the Stibo
Systems ecosystem
Setting a new bar in performance
Stibo Systems achieved many new highs in financial and operational
performance during the year. On top of the significant increase in
overall order intake, the company’s recurring license revenue increased
by more than 3X – a strong indicator of company stability as customers
transition to drive value from subscription licensing. In addition,
revenue growth for the fiscal year outpaced growth in operating costs,
allowing the company to continue reinvesting in innovative MDM solutions
and services that help customers extract greater value from their data.
To ensure continued momentum in these areas, in the first few months of
2019 Stibo Systems extended its leadership team with experienced
veterans in the enterprise software industry. In March, the company
hired its first chief operating officer, Thomas
Sønderby, to streamline global operations and drive continued
growth. Diane Palmquist joined Stibo Systems in January as SVP, Product
Management, to ensure investments in the company’s solutions are in line
with evolving market drivers and customer needs and now leads One
Product Team encompassing all Product Management and R&D resources
globally.
“With four record-breaking quarters with respect to customer wins, order
intake and other key operational metrics, Stibo Systems has built a
strong foundation for continued momentum in the coming year,” said Stibo
Systems CEO Niels Stenfeldt. “Furthermore, through strategic additions
to our leadership team and a fresh commitment to investments in R&D, we
have charted a course for a new era of innovation that will drive
unrivaled value for our company, our customers and our partners in the
coming fiscal year.”
Delivering for a growing worldwide client base
During 2018, Stibo Systems’ dedication to customer-focused
innovation helped drive a greater than 20% increase in the number of
new customers over the prior year. This trend continued into 2019 as the
company delivered innovative solutions to industry leaders around the
world, resulting in the addition of more than 50 new customers to its
global client base across multiple regions and industries during the
fiscal year. This included one of the world’s largest CPG companies, as
well as a multibillion-dollar global distributor and a leading fashion
manufacturer/retailer, among many others.
These recent new customers include innovative market leaders like the
following:
-
HelloFresh,
the leading global provider for meal-kits, chose a cloud-hosted MDM
solution from Stibo Systems to simplify business processes and improve
customer experience. -
Keller
& Kalmbach, one of the world’s leading wholesalers of joining
elements and fasteners, chose a cloud-based multidomain MDM solution
for product, customer and supplier data to support its rapidly
expanding business. -
Leading worldwide energy provider ENGIE Group selected Stibo Systems
to help the ENGIE
Ineo subsidiary place data at the heart of its business in support
of enterprise-wide digital transformation efforts.
Building a global ecosystem of alliances
Throughout the fiscal year, Stibo Systems also continued to build out
its global
alliances, which provide customers with access to a growing
ecosystem of strategic data management partners, including Mulesoft and
many others. Most recently, the company signed a global partnership with Tenovos
that will combine a cutting-edge, cloud-native digital content platform
with a fully scalable MDM solution. Through the use of web-scale and
artificial intelligence technologies, the joint solution will enable
organizations to drive high-quality digital content and speed
time-to-market across the creative value chain.
Furthermore, the company now complements its Stibo Systems Professional
Services organization with more than 70 global partners to ensure that
customers have support from initiation and conceptual design to
deployment – practically anywhere in the world. And, in 2018 the company
established One Global Partner Program to align all partner resources
around a consistent, comprehensive and scalable global support model to
further ensure customer success.
“Stibo Systems has been built over many decades on core values – among
them a passion for our clients, winning through collaboration and humble
confidence – that have guided us to the most successful period in the
company’s history,” said Stenfeldt. “We will continue to embrace these
values as we renew our commitment to even greater innovations that drive
customer success in the coming year. After all, we measure our success
by our customers’ success.”
For more information on Stibo Systems, or to attend our Alliances Summit
as a prospective partner, visit us at our Connect
Conference in Copenhagen, May 19-22, 2019, or in Chicago, Oct.
6-9, 2019. For more information on Connect, visit https://www.stibosystems.com/connect.
And, click
here for more events where you can find Stibo Systems.
Tweet this: Stibo Systems celebrates historically successful
fiscal year at #StiboSystemsConnect.
About Stibo Systems
Stibo Systems, the master data management company, is the trusted source
of MDM solutions based on a unique business-first, people-centric
approach. Our solutions are the driving force behind forward-thinking
companies around the world that have unlocked the strategic value of
their master data; empowering them to improve the customer experience,
drive innovation and growth, and create an essential foundation for
digital transformation. Stibo Systems is a privately held subsidiary of
the Stibo A/S group, founded in 1794, and is headquartered in Aarhus,
Denmark. For more information, visit stibosystems.com.
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