This complementary web seminar is sponsored by Hub Designs and IBM, and is presented by Information Management. Read more
On December 4th, Dan Power from Hub Designs is leading a web seminar sponsored by IBM on “Data Governance – a Strong Foundation for Your MDM Journey”. Read more
I was doing some research recently on the search terms that bring people to the Hub Designs Blog. So I took a few minutes and found that for the most frequently used 40 search terms over the past year that I looked at, the Hub Designs Blog was in the Top 10 search results on Google for every single one, with an average position of Google’s search results page of third. That, to me, is amazing. Read more
Inspired by Crysta Anderson from Initiate, who put together IBM’s Mastering Data Management blog Top 10 Posts of 2010, I decided to put together a similar “Top Ten Posts of 2010″ for the Hub Designs Blog.
In our holiday greetings article, Thank You To Our Readers, we covered some of the top articles from the beginning of this blog in July 2007, and included some readership statistics, which we won’t bore you with today.
Our reports on MDM vendors like Oracle, IBM Initiate, Informatica (formerly Siperian), Kalido, and Orchestra Networks were very popular in 2010. And our series on MDM best practices, practicing enterprise architecture within MDM (by Jim Parnitzke) and on data profiling (by Rob DuMoulin) were also big hits.
Without further ado, here’s the Hub Designs Blog “Top 10 for 2010″.
- Oracle’s MDM Strategy and Roadmap – A look at Oracle’s MDM strategy and roadmap, from the Oracle Applications Users Group (OAUG) COLLABORATE conference in April 2010.
- Building MDM-Powered Solutions with Initiate Composer – A description of Initiate’s new Composer product, which is a framework for building solutions on top of IBM’s Initiate Master Data Service hub.
- Master Data Management Best Practice Series, by Dan Power – A ten part series on MDM and data governance best practices, based on my presentation at Oracle OpenWorld 2010.
- Modeling the MDM Blueprint, by James Parnitzke – A six part series on applying important enterprise architecture concepts to MDM projects.
- Data Profiling For All The Right Reasons, by Rob DuMoulin – A five part series on data profiling and its role within MDM and data governance initiatives.
- Siperian Acquired By Informatica – My analysis of Siperian’s acquisition by Informatica, written on the day the news broke.
- Informatica Analyst Briefing – Hub Designs is regularly briefed by the major MDM vendors; this one by Informatica was about 2 months after the acquisition. A later briefing from October 2010 can be found here.
- Kalido MDM and AB InBev – I live blogged this at the Gartner MDM Summit during a session by Kalido’s President and CEO Bill Hewitt and Jonathan Starkey, the Director of Business Intelligence at AB InBev North America.
- Intersection of MDM, CRM and ERP – My article on Why Product Information Management in Information Management magazine sparked a short blog article by Andrew White of Gartner. The “Intersection of MDM, CRM and ERP” article is in response to Andrew’s.
- Orchestra Networks Enters Gartner Magic Quadrant – We thought it was newsworthy that Orchestra Networks, a specialized MDM vendor, was included in Gartner’s “Magic Quadrant for Master Data Management of Product Data” for the first time. Also, Orchestra Networks sponsored a white paper titled A Real Multidomain MDM Solution or a Wannabe? by Hub Designs that was published in September.
It’s been a busy 2010. I recently read the 2009 Year in Review from this time last year, and was exhausted just reading it, but this year has been the same – several conferences (Gartner MDM Summit, OAUG COLLABORATE, Oracle OpenWorld, Kalido), webinars (with eLearning Curve, TechTarget and Oracle Applications Users Group) and some exciting things to look forward to and update you on in 2011.
I’d like to to thank my wife and two boys for their unwavering support throughout 2010 – and my heartfelt thanks to the folks on the Hub Designs team - I couldn’t do it without you!
And thank you – as always – for your readership and support. Happy New Year!
This article was originally published in The Data Warehousing Institute’s FlashPoint newsletter.
Whether you call it software-as-a-service or cloud computing, deploying enterprise applications via the Internet continues to gain momentum. In fact, pioneers such as Amazon, Google, Rackspace, Salesforce.com, and NetSuite have experienced rapid growth in demand, despite global economic uncertainty.
Although we’re still in the early days of cloud computing, its benefits are compelling. Dave Powers, Eli Lilly’s associate information consultant for discovery IT, recently said “We were … able to launch a 64-machine cluster computer working on bioinformatics sequence information, complete the work, and shut it down in 20 minutes. It cost $6.40. To do that internally–to go from nothing to getting a 64-machine cluster installed and qualified–is a 12-week process.”
Master data management (MDM) is also moving to the cloud. MDM is a set of disciplines, processes, and technologies for ensuring the accuracy, completeness, timeliness, and consistency of multiple domains of enterprise data across applications, systems, and databases, and across multiple business processes, functional areas, organizations, geographies, and channels. Note the key words: “multiple,” “across,” and “enterprise.” MDM spans multiple domains of master data and reaches across the many silos that exist in today’s enterprises, and cloud computing helps organizations integrate master data across multiple data centers in different geographies or from different acquisitions.
When I talk to people about moving MDM hubs from corporate data centers to cloud computing environments, security and compliance are by far the most frequently raised issues.
Ironically, corporate data centers may actually be less secure than cloud computing environments. Over the last few years, there have been thousands of well-publicized breeches at “household name” organizations. The Privacy Rights Clearinghouse has compiled an extensive list of known data breaches, along with the number of records exposed with each incident. Of course, there have also been attacks on, and breaches by, cloud computing providers such as Google, but there are far fewer of these incidents. That being said, there’s both a perception issue and a real need for improved security by cloud providers, particularly as security threats continue to grow and evolve.
When it comes to compliance, moving enterprise applications into the cloud doesn’t absolve a company from the laws and regulations it falls under compared to when the company provides that service inside its firewall. Depending on the industry involved, evaluating potential cloud providers against that industry’s compliance requirements can definitely be a nontrivial effort.
MDM vendors–Oracle, IBM, SAP, Informatica/Siperian, Initiate (an IBM company) and smaller providers–are evolving to the cloud. Oracle’s Fusion MDM hub will offer a cloud deployment capability when it ships early next year. IBM and Initiate are likely working on future versions of their products that will operate smoothly in the cloud. Informatica, having acquired Siperian, has also made major investments in cloud computing.
Security, legal, and technical issues still need to be resolved by the cloud computing providers, software vendors, systems integrators, and their enterprise customers. This will involve firewalls, encryption, backup solutions, disaster recovery, service-level agreements, and so on, but technology and legal teams are good at solving these kinds of problems.
Meanwhile, the benefits are too large to ignore. Economically, it makes more sense to share complex infrastructure and pay only for what you actually use. From a time-to-value perspective, cloud computing allows you to skip hardware procurement and capital expenditure and instead just order from a “menu.”
Maintenance and updates are a constant headache for most IT shops. Thankfully, most cloud providers continuously update their software, adding new features as they become available. As for scalability, cloud systems are built to handle sharp increases in workload. Furthermore, cloud solutions are designed to work with a simple Web browser, so users can access them from their desktops, laptops, or smartphones.
The MDM market will probably trail the rest of the enterprise a bit, but the appetite for building large, multi-million dollar applications inside the firewall is cooling. CIOs see the economics of buying, maintaining, and upgrading the applications and accompanying servers, and end up saying, “On the whole, I think I’d rather rent!”
I’d love to know what you think of the question of moving MDM into the cloud. Please click the “Leave a Comment” button and share your thoughts.
Earlier this week, I saw a demo of Initiate’s new Composer product, and was impressed. Composer, announced in March and scheduled for release in June, will be available to all existing Initiate customers.
Initiate Composer is a framework for building MDM-powered solutions on top of the company’s MDM hub, which is called Initiate Master Data Service. Typically, an MDM hub is populated with data from monolithic enterprise systems like front office suites such as customer relationship management (CRM) applications and back office suites such as enterprise resource planning (ERP) applications.
Essentially, these data sources offer the best of both worlds. By pulling the data into a robust MDM hub, you create a “single view of the customer” rather than having multiple views within different silos across the enterprise. Then by building a new, easy-to-use application on top of that trustworthy data, you’ve found a way to quickly deliver value from the MDM initiative back into the business.
Of course, in the real world it’s never quite that easy. But one of the most common things we see clients wanting to do with their newly-built MDM hub is to make the information in it widely available to the enterprise – for search, for reference, for additional data entry, for automation of manual processes, and for viewing corporate hierarchies and other relationships.
Based on the demo I saw, Initiate fulfills this need with Composer. Customer teams can now quickly create production-ready user interfaces that are pre-integrated with the Initiate Master Data Service.
Composer creates Adobe Flex applications, which are cross-platform rich Internet applications. This is helpful because they will run on a variety of clients inside only a browser.
It was impressive to see the degree to which business analysts could quickly be productive writing simple MDM applications, even if they were prototypes that would need to be finished up by a developer. A lot of times, there’s a big gap between design documents and working code. It’s a lot easier for a power user or a business analyst to work with a tool like Composer to “show you what I want” than to just describe it verbally, in writing or on a white board.
With Composer, teams can more easily and more productively build a variety of different user interfaces on top of Initiate’s MDM hub. IBM thought highly enough of Initiate Systems back in February to acquire the company. While I’m sure that Composer was only a small part of why that happened, I’m sure it didn’t hurt.
Initiate has always been a company I’ve followed closely and with whom Hub Designs has partnered, and we look forward to continuing that as they become part of the IBM universe.
What does this mean for the average Fortune 1000 company buying MDM technology? Not as much as you might think.
On the mega-vendor side, they’ve still got Oracle, IBM and SAP to choose from. IBM, obviously, now has three MDM platforms to offer (InfoSphere MDM Server, InfoSphere MDM Server for PIM, and Initiate Systems) where they used to have two. But Oracle has three as well, and will soon have four: Customer Data Hub and Universal Customer Master for customer MDM, PIM Data Hub for product MDM, and Fusion MDM Hub, Release 1 of which is supposed to ship later in 2010. And SAP continues to forge ahead with improved versions of their NetWeaver MDM product. So the recent consolidation doesn’t seem to have affected the mega-vendors that much – “the big get bigger”, you might say.
Outside of the “Big Three”, I continue to think Siperian being acquired by Informatica is a good thing, for Siperian’s customers, for the product roadmap, and for the market as a whole. Informatica brings a lot of expertise in integration and data quality to the table, and its Identity Systems matching engine and Address Doctor data cleansing tools are very good at what they do. It will be interesting to see how Informatica integrates Siperian as a company and as a product into itself, but I have a lot of confidence that they’ll do it well.
All this does pose an interesting issue for Oracle, however. Oracle made a big commitment to Informatica in its Fusion MDM Hub by including Informatica components for matching and cleansing on an OEM basis. But by buying Siperian, Informatica has declared itself a direct competitor in the MDM market. So there’s a lot of speculation as to what Oracle will do about this. In the short term, it may be too late to pull the Informatica components out of Fusion MDM Release 1.0, but longer term, I wouldn’t be surprised to see the Informatica components either replaced or deemphasized, perhaps with an open architecture approach allowing other third party identity resolution / matching and address cleansing products to be plugged in, in place of Informatica’s. Although there’s also been a lot of speculation about Oracle buying Informatica.
D&B/Purisma remains an interesting player. Disclosure: prior to starting Hub Designs, I worked for D&B. I saw D&B’s launch of a hosted version of Purisma last fall and was impressed by it. For a lot of situations, Purisma’s product can be a good solution. So even though I wouldn’t call Purisma a full-fledged master data management solution, it’s worth keeping an eye on because it does a great job of integrating internal customer data with D&B’s external reference data. And having it available on a hosted basis can be very helpful.
So the bottom line is, where there used to be six players, now there are five. Of course, the MDM market being as hot as it is, everyone and their brother claims to be an MDM solution, but these are the five products that I pay the most attention to, and that we see the most in the marketplace. What do you think? Please let us know by commenting here.
Editor’s Note: Today’s post was written by Jeff Schaffzin. Jeff is an independent consultant with over 15 years of experience in high tech. He’s worked with a number of leading software vendors in roles such as product marketing, professional services and information technology. Specializing in data management, Jeff has spent the last three years focusing on Customer Data Integration and Master Data Management and has worked with a number of high profile companies in the United States and abroad.
DISCLAIMER: While the facts that I’ve included here are true, I’m speculating on the reasons why they’re taking place. I have no affiliation with any company mentioned here, nor should my opinions be construed as knowledge of their actions.
If you, like me, have followed MDM for the past year or two, you knew that what has been happening recently was going to happen sooner or later. Whether it was due to choice or necessity, MDM has been in the IT press a lot lately. Oracle acquired Silver Creek to enrich its product information management offering. Talend has announced and started to promote its open source MDM application. Data integration provider Informatica acquired Siperian recently in order to enter the MDM space and IBM recently acquired Initiate Systems as well.
Each of these events leads to one key question – how will this impact MDM in the short term and in the future? Given my understanding of the space, I think three scenarios are likely:
It is hard to ignore the movements that IBM and Oracle have been making in the past year or so. In a market economy, the goal is to have as much market share as possible. In order to do this, you either build new products or acquire existing companies that have the technologies that you want.
While each company has done a combination of both building and buying solutions, their strategic plans are hardly a secret. IBM has proposed a vision of an end-to-end data management platform, which includes their MDM offering as well as reporting tools like Cognos and analytics/statistics from SPSS. Now that IBM has acquired Initiate Systems to complement their MDM stack, the question is why. Do they want to be known as a serious player in the health care industry? There could be other reasons too – they may consider MDM just a small piece of their data management toolkit and this could solidify that position, moving MDM from one of the hottest ‘technologies’ out there to just a “means to an end” to increase market share for their software business unit. Regardless of the reason, it means one less major MDM player in the market.
Then we have Oracle. For as long as I can remember, Oracle has been promoting its Fusion strategy. For those of you who are not familiar with it, Fusion is Oracle’s attempt to provide one code base that would pull together the applications it has built and purchased. This momentous undertaking was finally demonstrated at last year’s Oracle Open World (while Oracle continued to acquire other companies such as Silver Creek Systems).
However, like IBM, one can speculate on where MDM fits in this Fusion strategy. Oracle has always promoted its database first and sold its applications second. Even with the numerous special purpose hubs they’ve been developing lately, could this finally be the technology that enables Oracle to transcend from being a database vendor to a true platform player. Only time will tell with this one.
There’s always the possibility that MDM has been considered the “secret sauce” – the so-called missing link – that rounds out the product lines for data integration/migration vendors.
Talend’s acquisition of French software company Amalto provided them a way to enter the MDM space. The open source vendor has been a darling of the analysts for a number of years and even won an award by Gartner, one of the first (if not the first) they offered such a company. However, since I don’t have contacts within Talend, it’s not clear what their next step will be, since they seem to be focusing their energies mostly in MDM after hiring two people to drive that effort within the past 6 months or so.
As the de facto leader in data integration, Informatica needed to extend its reach beyond that space. If you look at their job listings, they are looking for someone to market their CEP (Complex Event Processing) efforts. Relatively recently, they were looking to hire someone who had experience with ERP or MDM, but it is unclear which path they decided to take with that. Regardless, there were always looming rumors of them wanting to add MDM to their portfolio with the press suggesting that they would acquire Initiate Systems. However, instead of buying them, they purchased Siperian – a company half its size in terms of customer base and revenue.
In either of these cases, MDM may not be their flagship product, but at least it shows that it is a viable technology and shows that it is something that won’t be going away any time soon.
People like me who have been in the data management space are always interested in improving something. I believe in the statement, “even if something isn’t broken, there’s always a reason to make it better.” This was clear when Customer Data Integration (CDI) first came about and many companies hopped on that bandwagon, knowing that they wanted a way to track their customers more efficiently.
At the same time, other companies explored Product Information Management (PIM), a way to have a single source of product information which was sourced from PLM, inventory and supply chain systems. Following that was the concept of MDM – a beautiful vision – having a single source of truth that can be used by an entire company.
Now we have a new concept that has been promoted – Multi-domain MDM. Siperian and other companies have began to promote this to show the world that they are truly the most advanced players out there. While this has been going on, there have been rumblings about Enterprise Information Management (EIM). What I’m still not clear on is – what’s the difference between multi-domain MDM and EIM? Are they the same? If not, what are the differences between the two concepts?
In any case, there’s a lot to think about. I don’t know where you stand, but one thing is certain – MDM is not going away, at least for the foreseeable future.
Today, IBM announced that it is acquiring Initiate Systems.
On the face of it, it makes all the sense in the world. IBM knows a good product when it sees it, and Initiate has been doing well in the MDM world lately, particularly in the healthcare vertical, where it grew up, and in the public sector vertical. IBM’s press release explicitly mentions Initiate as a leader in “data integrity software for information sharing” among healthcare and government organizations. I thought it was interesting that the IBM release didn’t mention the terms “master data management” or “MDM” even once.
I was a little surprised that IBM’s release made no mention of the financial terms, since IBM is a public company, but I’m sure it will only be a matter of time before those details become available to those who know where to look or whom to ask.
It wasn’t a surprise to see the IBM release mention the stimulus funding being invested around the globe. When I first saw the rumors last week, I immediately thought – IBM is buying Initiate to be better prepared for the various e-Healthcare initiatives that are coming down the pike.
Where things may get a bit tricky is explaining the multiple MDM platforms from IBM to potential customers, and managing several different development roadmaps and product portfolios. There’s the IBM InfoSphere MDM Server (the former DWL product) and there’s also IBM InfoSphere MDM Server for Product Information Management (the former Trigo product). And now there’s the Initiate product too.
While the acquisition does make sense, there is an “embarrassment of riches” factor. IBM will, of course, develop a sales playbook explaining what situations at what type of customer are a good fit for each product.
I think the lingering feeling I have with Initiate Systems is that it may be headed for a “golden ghetto” at IBM – never to reach its full potential as a solution across many different industries, and eventually to handle many different domains of master data. IBM may (and rightly so, in its mind) pigeonhole it into the healthcare and government verticals.
But Initiate’s had some good success outside those two industries. In the Financial Services vertical, they’ve got customers like Capital One Financial, Countrywide Financial (now Bank of America), eSure Insurance, and Wells Fargo. In the Hospitality industry, they’ve got Choice Hotels. In manufacturing, they’ve got Mitsubishi Motors Australia. In the Logistics vertical, they’ve got Federal Express. In the retail sector, Barnes & Noble, CVS, Longs Drug Stores and SuperValu are all customers. And in the high tech space, they’ve got Dell, Ingenix, Intuit, LocatePLUS, Microsoft and National Instruments.
Unfortunately, they didn’t achieve enough critical mass in any of these other verticals to compete with the strong momentum they’d developed in healthcare and government.
As I said last week, these are interesting times in the MDM world. The recent M&A activity, the healthy demand from large and medium sized corporations, the large number of consultants from other areas claiming to now have experience in MDM – these are all signals to me of a large and fast-growing market. So the New Year, for those of us in the MDM space, is off to a good start.
Many companies are still deploying Enterprise Application Integration (EAI), with proprietary adapters and integration servers. However, for a Master Data Management (MDM) solution, we recommend a Service-Oriented Architecture (SOA) approach for integration between the hub and source systems using web services.
A typical web server provides Hypertext Transfer Protocol (HTTP), so Web browsers can receive pages from a web site.
Application servers provide the Simple Object Access Protocol (SOAP) interface and host the web services. The web services also provide object components, which provide the business service layer above the applications.
The development time for SOA-based MDM integration will depend on the number of business entities to be exchanged, the availability of a vendor-supplied Software Development Kit for the Web Services Definition Language (WSDL), the complexity of the applications to be integrated and the number of Web services to ultimately be deployed.
Some guidelines for developing an SOA integration for an MDM hub are:
- Use XML (eXtensible Markup Language) for all data exchange (XML is a language that provides a standard way of representing data and information).
- Use UDDI (Universal Description, Discovery, and Integration) for listing and locating applications. UDDI is a directory standard that is provided by some application tools as a built-in service to use during integration.
- The WSDL (Web Services Description Language) file should be obtained from the source system to which data needs to be sent or retrieved. WSDL is a “descriptor standard” that an application uses to describe its interface and interaction rules to other applications. WSDL is a document written in XML which describes a Web service. It specifies the location of the service and the operations (or methods) the service provides.
- WSDL should be leveraged with the help of proprietary tools provided for each application to generate the XML message required to meet that data structure.
Currently, some of the Master Data Management platforms (such as Siperian, Initiate Systems, Oracle and IBM) provide excellent SOA libraries of web services.
With some work by the end customer, these products can provide a standard set of data services at the application level. We believe this approach ultimately will give you more flexibility and adaptability than EAI-based integration.
In this article, we’ll give some perspective on the current state of the Master Data Management (MDM) market.
Well-meaning skeptics have raised doubts about whether MDM initiatives have long-term viability, sufficient ROI or in fact, are just another system. This skepticism is, of course, understandable.
Every major new type of enterprise technology, such as Enterprise Resource Planning (ERP) or Customer Relationship Management (CRM) goes through an adoption cycle, with early enthusiasm leading to the “Trough of Disillusionment” and eventually, the “Plateau of Productivity”. For more information, see Gartner’s definition of Hype Cycles.
And if you look at the history of MDM solutions over the past few years, the space was very fragmented, initially populated mainly by data quality and matching vendors.
But more recently, some innovations have come together in the MDM space so that it’s starting to offer real value to mainstream companies, not just early adopters.
There have been several innovations on the IT architecture front, such as Service-Oriented Architecture (SOA) and Business Process Execution Language (BPEL), plus new analytics capabilities, improved tools to facilitate data stewardship and more mature MDM hub platforms. All this adds up to a fast-changing landscape.
To add to the momentum, the top enterprise software players (like Oracle, IBM and SAP) have jumped feet first onto the MDM bandwagon, joining the best-of-breed players (like Purisma, Siperian and Initiate Systems) who helped launch the space, giving rise to a whole new ecosystem of system integrators, data service providers and an increasing trend toward global solutions beyond North America.
This growing ecosystem is driving significant growth for the MDM industry as a whole. There are exciting frontiers ahead.
For example, we’re already seeing some business process outsourcing relating to the creation and maintenance of an organization’s master data to an external provider.
At Hub Solution Designs, we’re excited to be part of the MDM wave of adoption from the very beginning. We see more growth, better solutions, and more organizations succeeding with MDM every day.
Please use the Comment button to let us know what you think about the trend towards outsourced data stewardship.
At Hub Solution Designs, our MDM partnership strategy is pretty straightforward.
We are a management & technology consulting firm focused exclusively on Master Data Management and Data Governance. Our strategy is to partner with all of the leading MDM vendors, because there is no “one-size fits all” solution and businesses need options here. So our strategy is to provide unbiased solutions that best meet the needs of our clients.
Partnering with all of the MDM vendors is an ambitious strategy, but as Teddy Roosevelt said, “Far and away the best prize that life offers is the chance to work hard at work worth doing”.
And pragmatically speaking, as trusted advisors who bring a tested methodology and sound best practices to bear on every MDM engagement, we think the question of which consulting firm or systems integrator you select is, if anything, more important than which MDM hub platform you select.
So here’s where we stand today with the three MDM “mega-vendors” (Oracle, IBM and SAP) and the three smaller MDM vendors (Siperian, Initiate Systems and Purisma/D&B).
Oracle: We joined the Oracle Partner Network as a worldwide partner in November 2007. Several of our team members have extensive experience with Oracle’s growing portfolio of MDM solutions, and have driven successful implementations of them at financial services institutions, software companies, and high tech firms. We have good relationships with Oracle’s MDM product strategy team and with Oracle sales teams around the country. We’re also involved in the independent Oracle Applications Users Group (OAUG) and, as part of its Education Committee, helped plan the MDM track of OAUG’s upcoming COLLABORATE 08 conference.
IBM: We joined IBM’s PartnerWorld program in September 2007, based on knowing several people from DWL (acquired by IBM in 2005) and other parts of IBM. We think that IBM is going to do very well with companies in their “sweet spot” (certain industries like financial services and companies that are historically heavy users of IBM hardware or software). So we’ll keep looking for opportunities to grow our client relationships, our team and our expertise in the area of IBM’s MDM solutions.
SAP: another slow starter, with an MDM solution that was originally very centered around the “Product” domain. But SAP’s NetWeaver MDM solution continues to evolve and develop. And SAP also has a strong “sweet spot” of companies (global manufacturers, consumer packaged goods companies and European-headquartered firms), and a large installed base of SAP applications users who are pretty loyal when it comes to considering an MDM solution from SAP. We’re just about to join the SAP partner program at the Associate Partner level to start, and have just brought on a new team member with significant experience in Master Data Management and SAP.
We also continue to be impressed by the smaller MDM software vendors. We think we’re still in the early stages of MDM market development and there’s still room for a “best of breed” MDM strategy at this point.
The Siperian MDM Hub is a robust product, and is able to identify and manage relationships among multiple types of enterprise data, such as customers, products or accounts, across multiple applications and lines of business. The company has done very well in the financial services and pharmaceutical & life sciences industries. Siperian had a more than 300% growth rate from 2006 to 2007, and just received a $25 million round of financing in January, to support additional expansion in Europe and further development of its channels and products. The Siperian customers we’ve talked to really like the product, and the Siperian people we work with are top notch. We’ve been an approved Siperian partner since October 2007, and are planning to attend the Siperian user group and partner summit in San Francisco in early April.
Initiate Systems filed with the SEC to go public in November 2007. The company was founded in 1995 and has more than 140 customers in production, in industries such as health care, financial services, public sector, retail and technology, with marquee customers such as Microsoft, Intuit, Capital One, Countrywide, Wells Fargo, Humana, Hyatt Hotels, Barnes & Noble, CVS, and SuperValu. We signed a partnership agreement with Initiate in December 2007, after talking with some Initiate people and customers at the Fall 2007 MDM Summit conference in New York. The company’s technology has some very interesting capabilities, and we’re impressed with what we’ve seen to date of the product, the company and its people.
Purisma (a D&B company): Prior to starting Hub Solution Designs in mid-2007, I worked for Dun & Bradstreet for three years in its Global Alliance team, managing D&B’s strategic alliance with Oracle. I was part of various CDI and MDM related teams and initiatives within D&B, and was one of the few people from D&B to attend the first public CDI-MDM Summit conference in Spring 2006. After being an internal MDM evangelist at D&B for several years, I was pleased to see the company acquire Purisma in November 2007. The acquisition was a good strategic fit for both companies, allowing D&B to become more of a player in the Customer Data Integration (CDI) and MDM marketplace, and giving Purisma the chance to extend its market reach. We’re not formal partners with D&B/Purisma yet, but we’re working on it, and in the meantime, our network of informal relationships within both companies continues to grow.
After establishing and growing our relationships with all of these companies, we’re listening carefully to what our clients and the market as a whole are telling us about their relative strengths & weaknesses, who has the best product for which situation in which industries, and who’s growing their market share over time. We think there will be some additional consolidation in MDM, as in every other part of the enterprise software market, and we hope to continue as thought leaders by being able to look “around the corner” at what’s coming two to five years down the road.
We’ve got our eye on other large enterprise software players, like Microsoft, salesforce.com and Google, that are not yet really playing in the MDM space in an organized way.
Our formal & informal relationships with Oracle, IBM, SAP, Siperian, Initiate Systems and Purisma/D&B will continue to develop and grow. Our clients benefit from our solid methodology, approaches and best practices, plus the processes, procedures and data governance that we help you wrap around these MDM products, regardless of which vendor you select. Please review our service offerings for Educational Workshops, Readiness Assessment, Software Selection, and Business Case Creation to get an idea of how we help clients map out and execute a winning MDM strategy.
The vendors bring great technology and we bring great people with broad domain expertise.