Stibo Systems is a global leader in Master Data Management (MDM) solutions, dedicated to enabling data transparency and empowering businesses to unlock the strategic value of their master data. As a privately held subsidiary of the Stibo Software Group, founded in 1794, Stibo Systems is headquartered in Aarhus, Denmark, with a presence in multiple countries worldwide.
Company Overview
Established in 1976, Stibo Systems has evolved into a prominent provider of MDM solutions, offering a cloud-native platform that integrates various data domains, including product, customer, supplier, and location data. This integration facilitates a single, accurate view of master data, enabling organizations to make informed decisions and achieve their business objectives.
Product Portfolio
Stibo Systems' flagship product, the Stibo Systems Enterprise Platform (STEP), is a flexible and modular MDM platform designed to manage strategic information across enterprises. STEP supports various capabilities such as data sourcing, modeling, integration, quality, governance, compliance, sharing, and delivery. The platform is available in a Software-as-a-Service (SaaS) model, ensuring scalability and adaptability to meet diverse business needs.
Market Position and Recognition
Stibo Systems has consistently been recognized for its excellence in the MDM and Product Information Management (PIM) markets:
- Bloor Research: In March 2024, Stibo Systems was named a 'Champion' in Bloor Research's 2023 MDM Market Update for the second consecutive year. This designation reflects the company's strong AI capabilities and cloud-native solutions.
- Gartner: The company was included in Gartner's "Market Share Analysis: Data Management Software (Excluding DBMS), Worldwide, 2023" report, highlighting its significant presence in the data management software market.
- Forrester Research: In December 2023, Stibo Systems was recognized as a Leader in "The Forrester Wave™: Product Information Management, Q4 2023" report, underscoring its robust PIM capabilities.
- QKS Group: In January 2025, Stibo Systems was positioned as the Leader in the 2024 SPARK Matrix™ for Product Information Management by QKS Group, reflecting its comprehensive technology and customer experience management.
Financial Performance
In the fiscal year 2023-2024, Stibo Systems demonstrated strong financial performance:
- Annual Recurring Revenue (ARR): Achieved a 19% increase.
- SaaS Revenue Growth: Experienced a 15% growth.
- EBITDA: Closed the year at 7.8%.
The company also expanded its customer base by adding 42 new customers, bringing the total to over 500 globally, and increased its partnerships to 97.
Sustainability Initiatives
Stibo Systems is committed to sustainability and corporate responsibility:
- Emission Reduction Plan: Aligned with the Science-Based Targets initiative (SBTi).
- UN Global Compact: Active participant.
- EcoVadis Assessment: Awarded a silver medal for policies and actions concerning the environment, labor and human rights, ethics, and sustainable procurement.
Strategic Focus
Looking ahead, Stibo Systems aims to:
- Product and Process Investment: Invest heavily in products, processes, and people to achieve a 15% annual revenue growth.
- AI Integration: Enhance AI capabilities to offer innovative SaaS MDM solutions.
- Customer Success: Continue to support customers' digital transformations and AI initiatives.
In summary, Stibo Systems stands as a leading provider of MDM solutions, recognized for its technological excellence, strong financial performance, and commitment to sustainability. Its strategic initiatives position the company for continued growth and innovation in the evolving data management landscape.
