Stibo Systems, the Strategic Information Management Technology and Solutions Company , today announced that the company was awarded the number one "Hot Vendor" in Ventana Research's 2012 Value Index for Product Information Management based on a thorough review of ten PIM Vendors. The July 2012 report recognized Stibo Systems for creating business value based on a comprehensive assessment and audit across two customer assurance categories: vendor validation and total cost of ownership/return on investment, as well as five product-related categories: manageability, reliability, usability, capability and adaptability.
According to the report, the benefits of using dedicated PIM technology can be significant as more that 40 percent of organizations said it can help eliminate data errors, improve cross-sell and up-sell opportunities, an improve the customer experience through consistent product information. Improving the quality of both product and master data is a critical component for organizations looking to compete in today's business, as almost three out of five organizations (57%) plan to change their PIM system over the next 12 to 18 months in order to take advantage of technology that can directly meet their business needs.
"Stibo System's commitment to advancing its software to help organizations improve their performance was evidence in our research of their company and products," said Mark Smith, CEO & Chief Research Officer of Ventana Research. "Stibo System's should be applauded for its rating of Hot vendor and its top placement in the overall Value Index rating."
"We are thrilled to be ranked number one in Ventana Research's Value Index for Product Management as it recognizes our deep rooted commitment to helping our customers achieve better value from their product and master data management efforts and for helping them to realize demonstrable ROI using Stibo System's STEP technology," said Mikael Lyngsø, CEO of Stibo Systems.
About the Ventana Research Value Index
The Ventana Research Value Index is an analytic representation of the firm's assessment of how well vendors' offerings meet buyers' requirements for software that enables and supports Product Information Management. The Index evaluates the software in the context of seven key categories. To assess functionality Ventana Research applied the Ventana Research Value Index methodology, a framework that evaluate application vendors and their products in seven categories of requirements so that companies can more effectively align and link their activities and processes and manage product information and performance to the degree they require.
About Stibo Systems
Stibo Systems, the Strategic Information Management Company provides technology and solutions that enable organizations to manage their strategic information on a global scale through an integrated process. Stibo Systems' STEP technology is a flexible, uniform Master Data Management (MDM) platform that provides the business with a single trusted source of operational information for the entire enterprise. Stibo Systems' global customers include GE, Sears, Siemens, Target and Thule. Stibo Systems is a subsidiary of the privately held Stibo A/S group, originally founded in 1794 with corporate headquarters in Aarhus, Denmark.
Source:
http://computernewsarticles.com/computer_articles/2012/08/stibo-systems-ranked-highest-in-the-ventana-research-value-index-for-product-information-management-297503.htm
