Stibo Systems sees half-year revenue grow year-on-year by more than 20%
Aarhus, Denmark, November 29, 2022 – The global master data management (MDM) solutions provider Stibo Systems sees half-year revenue grow year-on-year by DKK 90 million (USD $12.58 million), which is more than a 20% growth.
The majority of Stibo Systems’ new business is software as a service (SaaS), with well over 95% of new customers opting for a Cloud deployment.
“We are in a great position at this half-year milestone,” said Adrian Carr, Stibo Systems CEO. “Results from the past two quarters show healthy growth in revenue despite the economic uncertainty. The vast majority of new customers are opting for the Software as a Service (SaaS) platform. In addition, the majority of our existing customer base, built over 30 years, has also migrated to the Cloud, underpinning the maturity of this offering.”
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About Stibo Systems
Stibo Systems, the global master data management company, is the trusted enabler of data transparency. Our solutions are the driving force behind forward-thinking companies around the world that have unlocked the strategic value of their master data. We empower them to improve the customer experience, drive innovation and growth and create an essential foundation for digital transformation. This gives them the transparency they require and desire – a single, accurate view of their master data – so they can make informed decisions and achieve goals of scale, scope and ambition. Stibo Systems is a privately held subsidiary of Stibo Software Group, which is headquartered in Aarhus, Denmark. The foundational ownership guarantees the long-term perspective of the business. More at stibosystems.com.