Riversand Technologies Rises to Leader Position On Gartner’s Magic Quadrant For Master Data Management of Product Data Solutions

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Evaluation Based on “Ability to Execute” and “Completeness of Vision”

Leaders demonstrate strong results and delivery capabilities. They typically possess a large, satisfied customer base (relative to the size of the market) and enjoy high visibility in the market.

Riversand Technologies, a worldwide provider of Product Information Management (PIM), Master Data Management (MDM) and Data Quality solutions, today announced its positioning by Gartner, Inc. in the Leaders quadrant in the 2013 Magic Quadrant for Master Data Management (MDM) of Product Data Solutions report, published November 6, 2013.

In the Magic Quadrant research report, Riversand was recognized for its broad exposure and experience in retail, manufacturing, distribution and energy sectors. The report points to Riversands’ growth, the strength of its product strategy, for having the industry’s first in-memory solution, above-average customer response rate, and the most comprehensive partner strategy in this market segment. Riversand also received accolades for Riversand MDMCenter’s multidomain capabilities with strong product data orientation, solid data management and data modeling.

Gartner’s Magic Quadrant reports position vendors within a particular quadrant based on their completeness of vision and ability to execute. According to Gartner, “Leaders demonstrate strong results and delivery capabilities. They typically possess a large, satisfied customer base (relative to the size of the market) and enjoy high visibility in the market. Their size and financial strength enable them to remain viable in a challenging economy. Leaders have mature offerings and track records of successful deployments, even in the most challenging environments, across all geographies and in many industries.”

The Gartner report describes MDM of product data solutions as a category of software products that:

*Focus on the management of data related to products, though the solutions can be used to govern other “thing” type data

*Support the global identification, linking and synchronization of product information across heterogeneous data sources through semantic reconciliation of master data

*Create and manage a central, database-based system of record or index of record for master data            

*Enable the delivery of a single product view (for all stakeholders) in support of various business benefits

*Support ongoing master data stewardship and governance requirements through workflow- based monitoring and corrective action techniques

“We’re very proud to have achieved this recognition as a Leader by Gartner,” commented Upen Varanasi, CEO of Riversand. “This is our sixth year on the Magic Quadrant, and Gartner’s positioning of Riversand in the Leaders quadrant is a testimony to our growth, strong customer references and the extensive partner program that have become key differentiators for us. Accurate product information is a foundation for our customers’ major business initiatives, and that requires a robust, comprehensive and flexible product MDM solution.”

TWEET THIS: @RiversandMDM Rises to Leader Position @Gartner_inc Magic Quadrant for MDM of Product Data #PIM http://bit.ly/1d4MKzr

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Riversand Technologies

Riversand Technologies Inc. is a worldwide provider of Product Information Management (PIM), Master Data Management (MDM) and Data Quality solutions. Customers include Topco Associates, VF Corporation, Bed Bath & Beyond, PC Connection, Bluestem Brands, Schneider Electric, Siemens, Teva Pharmaceuticals, ConocoPhillips and ExxonMobil. Riversand's PIM and MDM solutions allow clients to manage accurate, timely & up-to-date information throughout their supply chains. Riversand's solutions provide accelerated time-to-market, vendor data on-boarding, product assortment growth, facilitated mergers & acquisitions, enhanced cross-channel customer experience, 360-degree view, richer data, better merchandising, improved fulfillment, orchestrated workflow, more accurate business intelligence and enhanced customer service. For more information, visit http://www.riversand.com and follow @RiversandMDM on Twitter.

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For more information, contact:
Alison Minaglia, TechnologyPR.com for Riversand Technologies
aminaglia(at)technologypr(dot)com
917-902-3404

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Alison Minaglia, aminaglia@technologypr.com
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