Stibo Systems, the global leader in Business-first Master Data Management (MDM) solutions, today announced that Forrester Research Inc., a leading independent technology and market research company, has positioned the Company as a “Leader” in The Forrester Wave: Product Information Management Solutions, Q2 2018 report. In its 27-criteria evaluation of product information management (PIM) providers, Forrester recognized Stibo Systems for its unique hybrid cloud strategy and gave the Company among the top scores in the Market Presence and Strategy categories.
Bruce Eppinger, senior analyst at Forrester and author of the report wrote, “Stibo [Systems] excels in the core PIM use cases, winning high marks in content creation, enrichment, and the power of its vendor portal. The solution boasts an in-memory data option as a performance differentiation.” He added, “Stibo Systems is a best fit for businesses looking for a leading multi-domain data management platform with an outstanding vendor portal and data governance model.”
Forrester also acknowledged Stibo Systems for growing its Product MDM offering organically over its 30-plus years, and for successfully transitioning from an IT-first to a Business-first mindset. Built on the award-winning STEP platform, Stibo Systems’ portfolio manages an extensive number of data types including product, customer, supplier, employee, asset and location, while also supporting both Digital Asset Management (DAM) and Product Lifecycle Management (PLM).
“We are honored to be the only vendor to have been named a leader in the past three Forrester PIM Waves, and especially to be cited for our Business-first operating model providing true business value,” said Prashant Bhatia, Global Chief Product & Marketing Officer at Stibo Systems. “In our view, these distinctions acknowledge our deep commitment to delivering superior multidomain offerings that drive real value for our global customers. We understand that businesses today need clean and accurate data on products, customers, suppliers, locations, etc., to provide a superior customer experience, support their digital transformation efforts and outpace the competition.”