Expansion into New Vertical Markets, Comprehensive Partner Enablement and Increased Sales
Contribute to Profitability & Customer Satisfaction
FOSTER CITY, CA– March 31, 2009 – Siperian, Inc. - developers of an award-winning master data management (MDM) platform - today announced that its recently closed third quarter was one of the strongest fiscal quarters in the Company’s history. During this period, Siperian added a record number of customers, expanded into new vertical industries, and helped existing customers increase their ROI as they broadened their use of Siperian MDM Hub™ to include new solutions. The Company continued to solidify relationships through its partner enablement program which resulted in the development of business solutions based on the Siperian Hub platform. In an environment where companies are finding it difficult to raise money, Siperian also announced that the Company recently raised $9M to further secure its long term growth.
As a leading, pure play MDM solutions provider, Siperian focuses on delivering rapid, high ROI solutions to the marketplace. During fiscal Q3, the Company closed eight sales opportunities with new or existing customers and further expanded its market presence which is comprised of 15 industry verticals including, Health & Life Sciences, Financial Services, Technology, Insurance, Manufacturing, Oil & Gas, Chemicals, Publishing, Media, Automotive, and Waste Management. Siperian’s new customers include a leading provider of comprehensive waste and environmental services, the world’s number one non-fiction media company, and the largest heavy-duty truck manufacturer in North America.
Siperian supports its customer’s requirements by delivering more than twenty-five solutions including productivity improvement, compliance, contact management, contract excellence, cross sell/ up sell improvement, employee management, marketing efficacy, and supply chain efficiency. More than twenty percent of the Company’s existing customers have expanded their initial MDM effort to include other solutions within the organization or have embarked on an enterprise-wide deployment for an even greater return on investment.
In a recent report entitled The Forrester Wave™: Customer Hubs, Q3 2008 analyst and author Ray Wang said, “Siperian is best characterized as the smartest kid on the block…Siperian's strength comes from its strong investment in R&D for leading edge enhancements, which bring richness to the solution and market leadership in product strategy and vision. In addition to customer, 40% of Siperian clients use more than one data entity type.” To access the full report, click here.
Siperian has successfully implemented its Partner Enablement Initiative which has fostered an ongoing level of innovation among its partners resulting in faster implementation times, increased ROI, and overall greater business value for customers. Leveraging Siperian’s expertise and resources, these partners are building viable and replicable business solutions based on the Siperian MDM Hub platform.
Ray Wang further commented in The Forrester Wave that Siperian has built, “a rich and viable partner ecosystem with key system integrators and leading technology OEM partnerships. Siperian is the furthest along in building out a viable partner ecosystem.” The Company has developed strong relationships with the world’s leading systems integrators , which has resulted in faster and more customized deployments for customers.
Moreover, key Fortune 500 companies have embraced Siperian’s MDM solution. At the recent Gartner Master Data Management Summit, Siperian customer Johnson & Johnson Health Care Systems Inc. (“JJHCS”) won the inaugural Master Data Management Excellence award which is an honor bestowed upon the company that has demonstrated excellence in their MDM efforts. JJHCS, which leverages Siperian MDM Hub, relies on their MDM initiative to enable the end-to-end order management for their commercial customers.
Siperian was also recently named a “Company to Watch” by Intelligent Enterprise. According to the editors, “Master data management is steadily gaining traction as a must-have technology. Siperian is an MDM leader, setting the standards for data acquisition, cleansing and deduplication, in addition to management of data relationships, hierarchies, models and reference data. What's more, the Company is breaking into new markets including manufacturing and retail.”
“With our strong customer relationships, diversification into key vertical markets, and mature partner ecosystem, we believe the Company is well-positioned for continued growth and profitability,” commented Peter Caswell, Siperian president and CEO. “As we move into the future, we remain focused on customer success and growth by accelerating the delivery of high impact MDM solutions into new and existing markets.”
About Siperian, Inc.
Siperian, Inc., an award-winning and innovative provider of a flexible master data management (MDM) platform, helps companies unify their critical data about customers, products and organizations- and delivers reliable, complete views of this data within existing business processes. The Siperian MDM Hub (™) offers the next generation of architectural flexibility for managing all types of master data. It is an integrated, model-driven software platform that adapts to today's business requirements delivering rapid return on investment, while evolving to a complete enterprise master data management platform. Siperian’s approach enables fast implementation and has earned the company its reputation for leadership and proven success by meeting the complex requirements of market-leading companies in industries, including Health & Life Sciences, Financial Services, Technology, Insurance, Manufacturing, Retail, Consumer Packaged Goods, Oil & Gas, Chemicals, Publishing, Media, and Waste Management. With corporate headquarters in Foster City, California, Siperian has offices throughout the United States and in Toronto, Canada; the Company’s EMEA operation is headquartered in London. To learn more about Siperian visit www.siperian.com or call 1-866-SIPERIAN.
Siperian and Siperian MDM Hub are trademarks of Siperian, Inc. The names of actual companies or products mentioned herein may be the trademarks of their respective owners.