Siperian raises $9m

Source: Siperian

Siperian - developers of an award-winning master data management (MDM) platform today announced that its recently closed third fiscal quarter was one of the strongest in its history.

During Q3, Siperian added a record number of customers across North America and EMEA, expanded into new vertical industries, and helped existing customers increase their ROI as they broadened their use of Siperian MDM HubTM to include new solutions. The Company continued to solidify relationships through its partner enablement programme, resulting in the development of new business applications based on the Siperian Hub platform. In an environment where financing is scarce, Siperian also announced that it has 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 in 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 North America's largest heavy-duty truck manufacturer.

Siperian supports its EMEA customers including a leading global investment bank who offers unparalleled financial services throughout the world and the world's largest research-based biomedical and pharmaceutical company with more than 25 solutions including productivity improvement, compliance, contact management, contract excellence, cross sell/ up sell improvement, employee management, marketing efficacy, and supply chain efficiency. More than 20 percent of Siperian's existing customers have expanded their initial MDM effort to include other solutions within the organisation or have embarked on an enterprise-wide deployment for an even greater return on investment.

"As we move into the future, we will remain focused on ouused on our customer success and continued growth in EMEA by accelerating the delivery of high impact MDM solutions into new and existing markets," commented John Crossan, Vice President, Siperian EMEA.

In a recent report entitled The Forrester WaveTM: Customer Hubs, Q3 2008 analyst and author Ray Wang said, "Siperian is best characterised 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, partners are building viable and replicable business solutions based on the Siperian MDM Hub platform.

In The Forrester Wave, Wang further notes 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 customised 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, , 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.

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