Market Overview

Stibo Systems Welcomes New CEO Niels Stenfeldt


Industry Veteran to Lead Master Data Management Software Company in
its Next Era of Growth

, the global leader in Business-first Master Data Management
(MDM)™ solutions, today announced that software and data industry
veteran Niels Poulsen Stenfeldt has joined the Company as chief
executive officer, taking the helm of the industry leader building on
momentum from its recent fiscal year into the next era of growth and
transformative innovation.

Stenfeldt brings more than 15 years serving in global leadership
positions, successfully driving growth and operational excellence at
some of the world's largest software companies, including Danaher,
OpenText, SAP and Oracle. His broad experience base includes leading
everything from sales and marketing, to partner and channel strategy, to
full P&L responsibility for global organizations.

"We are excited and pleased to bring on Niels to lead Stibo Systems at
one of the most exciting periods in our company's more than 200-year
history," said Hans Damgaard, CEO of parent company Stibo Group. "As we
move into the next phase of our journey, Niels brings to the company
both profound knowledge and experience, as well as a proven record of
working together with his managers and employees to generate global
growth. He is without a doubt the right leader to help Stibo Systems
achieve the next level of excellence, for our company, our partners and,
most importantly, our customers."

Stenfeldt is replacing longtime CEO Mikael Lyngsø, who left the company
in June after more than 30 years of outstanding leadership at Stibo
Systems. Stenfeldt joins the company as it is coming off one of its most
successful fiscal years, due to increased market demand for
comprehensive, integrated multidomain solutions as well as building
deeper relationships with the expanding global customer base. In fiscal
year 2017/2018, Stibo Systems sold software solutions supporting three
times as many data domains than the previous year, achieving a
22-percent increase in the number of new customers over the prior year,
and expanding its customer footprint in emerging geographical and
vertical markets.

"I am proud to have the opportunity to lead Stibo Systems, a company
with an unparalleled track record in driving transformative business
outcomes for customers across the globe," said Stenfeldt. "With a
lengthy history of continuous technological innovation, Stibo Systems'
focus has always been on delivering on its Business-first direction
focused on customer results. This direction will continue to guide us as
we work together with our customers and partners to grow, innovate and
reach new heights of success."

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welcomes Niels Stenfeldt as new CEO to lead #masterdatamanagement
company in next era of growth. #MDM

About Stibo Systems

Stibo Systems believes the future of business requires a Digital
Business Core™ of operational data that is continuously shaped and
delivered to produce superior business outcomes. Stibo Systems is the
driving force behind hundreds of forward-thinking companies around the
world who have unlocked the full value of their information; empowering
business users to act with confidence in their data, adapt quickly to
changing market conditions and go beyond to anticipate what's next.
Stibo Systems is a privately held subsidiary of the Stibo A/S group,
originally founded in 1794. Its corporate headquarters is located in
Aarhus, Denmark. For more information, visit

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