Orchestra Networks reports record-breaking revenue for Q2
New customers flock to multidomain Master Data Management software
PARIS, France and BOSTON, MA - July 10, 2012 - Orchestra Networks™, the Master Data Management (MDM) software vendor, today announced that second quarter revenue for 2012 is 60% higher than Q2 last year. Their unique multidomain MDM, combined with rich data governance capabilities for business users, has enabled them to surge ahead of the competition.
New customer wins in the second quarter of 2012, include a:
Global bank in New York, implementing reference data across corporate functions, investment banking and asset management;
Large movie studio in Los Angeles, implementing centralized global product authoring;
Major logistics company in Northern Europe, implementing financial hierarchy management;
Large bank in Europe (see Credit Agricole S.A. Group);
Worldwide travel services provider.
"Master Data Management is becoming a broad, enterprise-wide initiative, no longer restricted to the management of customer or product data. Those domains are still important, but customers select our EBX5 software because it spans multiple domains, like client hierarchies, complex products, finance, assets, human resources and locations," said Christophe Barriolade, President and CEO of Orchestra Networks. "MDM is no longer an IT-only initiative. Business teams are deeply involved in projects and require easy-to-use, self-service solutions."
Orchestra Networks has a radically new approach to MDM that distinguishes it from CDI (Customer Data Integration) and PIM (Product Information Management) solutions. Based on semantic modeling capabilities, EBX5 allows customers to quickly create a data model - with embedded business rules - that dynamically generates a rich browser-based user interface and a SOA services layer. Project deployment can be measured in months, not years, and end user adoption rates are high across the organization.
"We see a clear shift in customer projects from siloed MDM to multidomain MDM. Most of our competitors are large vendors that acquired vertical MDM platforms and tried to repurpose them as multidomain. But they're constrained by relational technologies and limited data governance capabilities so the only customers they attract are CDI (B2C customer hub use case) and PIM (retail product catalogs) customers," added Barriolade.
In addition to new customers, Orchestra Networks has continued to execute on its ambitious product roadmap and development strategy. In the first half of 2012 they have:
Released EBX 5.2, with new capabilities such as full meta-data version control, advanced UI components and workflow, and iPad support;
Announced EBX5 add-ons, including Microsoft® Excel, GS1 GPC and Oracle® Hyperion EPM Suite;
Created the Orchestra Networks Customer Advisory Board, which allows EBX5 users to share best practices and interact with Orchestra Networks' engineers;
Added implementation partners in Europe and North America, and begun business development in Asia Pacific.
About Orchestra Networks
Orchestra Networks, a pure-play, independent MDM software provider, was founded in 2000. With operations in North America and EMEA, Orchestra Networks has successfully addressed the MDM needs of their Global 1000 customers in multiple industries, including: Financial Services, Banking, Insurance, Manufacturing, Retail, Consumer Goods, Technology, Pharmaceuticals, Public Utilities and Global Logistics.
Orchestra Networks, its logo and tagline are trademarks of Orchestra Networks in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.