Recently recognized by EcoVadis, Stibo Systems
furthers its commitment to sustainability and building a better
world
AARHUS,
Denmark, June 27, 2024 /PRNewswire/ -- Stibo
Systems, a global master data management (MDM) solutions provider,
today released its 2023-24 Annual Report. The report highlights key
milestones and plans to strengthen its SaaS operating model, reach
sustainability ambitions and support customers' digital efforts and
AI initiatives.
"Stibo Systems is quickly evolving into its next stage of growth
and innovation. As we enter this next chapter — all on SaaS — we
are eager to continue enhancing our expertise and delivering
spectacular results for our new and existing customers and
partners," said Adrian Carr, Stibo
Systems CEO. "In our cloud-native environment and through exciting
new capabilities, such as generative AI, we will pioneer data
management products that empower better decisions than ever."
2023-24 was a strong year and marked Stibo Systems' position as
a best-in-class SaaS provider. The company welcomed 42 new
customers, now boasting 97 partners and over 500 customers
globally. Stibo Systems also saw a significant 19% gain in Annual
Recurring Revenue (ARR) and a SaaS revenue growth of 15%. This
contributed to closing the year at an EBITDA of 7.8%. Looking
ahead, Stibo Systems will invest heavily in its products, processes
and people with the goal of growing revenue by 15% year after
year.
Another key focus area will be Stibo Systems' deepening
commitment towards building a better world as evidenced through its
emission reduction plan, alignment with the Science-Based Targets
initiative (SBTi) and participation in the UN Global Compact. Stibo
Systems has also been awarded a silver medal in the EcoVadis
assessment for its policies, actions and published reports
concerning the environment, labor and human rights, ethics and
sustainable procurement.
"Doing the right thing ethically, environmentally and socially
is part of who we are at Stibo Systems – it's in our DNA. We aspire
to make a difference by empowering our customers with trustworthy
data, as well as by reflecting on our own actions and playing an
active role in society, including having ambitious science-based
carbon reduction targets," remarked Paul
van Lennep, Chief Sustainability Officer.
"Stibo Systems' solutions are the core of digital
transformations happening at some of the largest brands in the
world," said Oliver McVeigh, Chief
Delivery Officer. "Everything we're doing, from forming a global
ecosystem of strategic partnerships to driving product portfolio
expansions and AI enhancements, is powered by our incredible people
and unwavering dedication to customer success."
Please find the full report here.
About Stibo Systems
Stibo Systems, the 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 www.stibosystems.com.
For more information, please contact:
Katherine Hahn
Public Relations Manager
khah@stibosystems.com
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SOURCE Stibo Systems