In yesterday’s article about the inclusion of Orchestra Networks in Gartner’s “Magic Quadrant for Master Data Management of Product Data”, I mentioned that Orchestra is not considered a “dedicated PIM vendor”.
One company that has historically been a strong player in the Product Information Management (PIM) space is Stibo Systems. Stibo is also developing a credible multidomain MDM vision. I’ve been following them since the 2009 Gartner MDM Summit and am impressed by both their product offering as well as their growing customer base (now up to 140 global organizations).
Stibo has now been included on Gartner’s Magic Quadrant for Product MDM for three consecutive years, and has been devoting more attention lately to marketing and analyst outreach. Their customer list is impressive and includes companies such as: GE, Sony, Siemens, Fujitsu, Sears, Office Depot, Harbor Freight Tools, Millipore, The Home Depot, W.W. Grainger and Thomas Cook.
On the product side, Stibo’s latest release, STEP 5.2 (available since July 2010) lets companies build and maintain a single authoritative view of product, supplier and location information for use across the enterprise. This ensures consistency across all phases of the information supply chain, and leads to cost reductions, reduced time to market and a faster new product introduction process.
As I continue to study the MDM market, and watch what the mega-vendors like Oracle, IBM and SAP are doing, it’s very encouraging to see so much innovation from best-of-breed vendors like Orchestra Networks and Stibo Systems.
To me, this indicates that the MDM market has a lot of growth and life in it yet, and the consolidation we’ve seen in the last couple of years, with IBM buying Initiate Systems and Informatica buying Siperian, doesn’t mean that the smaller vendors are finished creating great products and bringing them to market.
Please let us know – in the comments here or in the forums on the MDM Community – what you think of the latest developments in the master data management and data governance market and the latest “Magic Quadrant” report from Gartner.