Magnitude Software Company News
Magnitude announced today the launch of Magnitude RapidDecision 6.5. The prebuilt enterprise data warehouse solution now includes access to the full metadata model, business glossary and lineage. Access to data within JD Edwards and PeopleSoft ERP systems has also been expanded.
Magnitude Software’s new version of its MDM solution provides streamlined synchronization, harmonization and governance. In addition to announcing Magnitude MDM version 10, the company released Magnitude Data Information Warehouse version 10. With version 10, the products formerly known as Kalido are renamed under the Magnitude brand.
“Over the course of this implementation, Magnitude not only helped us establish the proper technology strategy but also ensured we had the right products and partner in place to guarantee effective business analytical outcomes,” said Bazdikian. “During this talk we look forward to sharing how ABI and Magnitude worked together to align business processes with master data and establish a proactive approach to MDM.”
“Together, through the power of this strategic partnership, Magnitude Software and Hitachi Solutions will address a growing and significant market need within the Microsoft Dynamics ecosystem,” said Lou Guercia, Magnitude Software Chief Operating Officer. “Our combined offering for this important community will go a long way toward addressing the MDM and data quality challenges found within an increasingly hetereogenous data landscape.”
“The project managed and delivered by Parity has impressed on every criterion – speed of delivery, budget and all-round capability,” said Frederic Wens, Business Systems & Data Manager at British American Tobacco Belgium. “The Kalido based solution has enabled us to deliver a future-proof, flexible data warehouse which takes a number of different source feeds, produced bullet-proof consolidated post-merger reports and ensured compatibility with our ongoing SAP convergence program.”
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