Magnitude Software Company News
KMWorld Editor, Sandra Haimila, said the magazine and its judges looked for products “designed, developed and perfectly timed to fill a niche in the marketplace before users are even aware that such functionality and flexibility have been missing.”
“This acquisition furthers our strategic vision to enable enterprise-wide visibility and insights for corporate performance management,” said Chris Ney, Chairman & CEO of Magnitude Software. “As data heterogeneity expands exponentially, so does the complexity of connectivity challenges that Simba can help solve, accelerating our ability to put data into the hands of business users. The experience and knowledge of the Simba team, combined with the capabilities to deliver connectivity to a wide variety of data sources, increase Magnitude Software’s growth trajectory in reporting, analytics, and data management within the information management market.”
Why did Magnitude Software acquire Simba Technologies?
The combination of the two companies furthers our strategic vision to enable enterprise-wide visibility and insights for our customers. It enables Magnitude (leading provider of enterprise information management software) to drive growth by bolstering our solution portfolio with connectivity capabilities to a wide array of heterogeneous applications and data sources. For Simba (global provider of standards-based relational and multi-dimensional data connectivity), the value is in becoming part of a global organization, enabling a broader go-to-market strategy and increasing competitive advantage in the marketplace.
“The ERP landscape is more fragmented than ever, and that trend will only continue,” said Mike Ormerod, Vice President of Product Management at Magnitude Software. “With the release of RTD Stream we are giving real-time controls and insights to CFOs and finance departments so they can better optimize their businesses with a connectivity solution that leverages our deep understanding of the internal Oracle ERP and SAP HANA data structures.”
eWeek presents insights from top industry leaders and influencers including James Governor, co-founder of Redmonk, Charles King, analyst at Pund-IT, Rob Enderle, founder of Enderle Group, Michael Fauscette, chief research officer at G2 Crowd, Judith Hurwitz CEO of Hurwitz Group, Jeremy Roche CEO at FinancialForce and Magnitude’s own president, Lou Guercia
“This acquisition furthers our strategic objective to enable office of the CFO and other functional executives to gain accurate and near-real time business insights across their heterogeneous ERP environment,” said Chris Ney, CEO of Magnitude Software. “With the addition of Datalytics Technologies, Magnitude Software can now provide one of the broadest set of pre-configured ERP analytic content available in the industry.”
Two of Magnitude’s products have been awarded Gold and Bronze Stevie Awards for New Software Product of the Year – Business Intelligence Solution in the 14th Annual American Business Awards.
The American Business Awards are considered the nation’s preeminent business awards program. In 2016, more than 3,400 nominations from organizations of all sizes and every industry were submitted for consideration in a wide range of categories. More than 250 professionals worldwide participated in the judging process.
“Midmarket firms deal with the same complex applications, fragmented systems and master data issues as large enterprises, and they often turn to their trusted implementation partners because they don’t have the resources or time for multi-year efforts to deliver clean data to the organization,” said Lou Guercia, president of Magnitude Software.
“We’re honored to be included in the Forrester Wave and cited as a Strong Performer in Master Data Management,” said Darren Peirce, CTO and VP of Products at Magnitude Software. “We believe this underscores Magnitude Software’s commitment to helping our customers put a proactive MDM solution in place to deal with the increasing fragmentation of master data caused by the adoption of SaaS, best of breed solutions and the unbundling of the monolithic ERPs.”