Riversand Technologies Announces Record Year End Performance for 2013

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50 Percent Revenue Growth in 2013 Over 2012 Fueled by Adoption of Riversand's PIM and MDM Solutions Across Retail, Energy, Pharmaceutical, and Manufacturing Sectors

Riversand has achieved a 50 percent increase in revenue in 2013 over 2012, propelled by our ability to support our multi-channel customers’ acquisition and management of millions of products, across multiple brands and global businesses.

Riversand Technologies, a worldwide provider of Product Information Management (PIM), Master Data Management(MDM) and Data Quality solutions, today announced record year end performance for 2013, fueled by an increase in worldwide sales and adoption of its PIM and MDM solutions. The announcement was made today at the National Retail Federation’s 103rd Annual Convention and Expo in New York, #NRF14.

"Riversand has achieved a 50 percent increase in revenue in 2013 over 2012, propelled by our ability to support our multi-channel customers’ acquisition and management of millions of products, across multiple brands and global businesses,” commented Upen Varanasi, Founder and CEO of Riversand Technologies. “We’ve made some big achievements this year and it has been a team effort from our Engineering, Product, Sales, Marketing, and Support from our Global Partners. In 2013 we delivered on numerous worldwide engagements simultaneously and we’re entering 2014 with some great wins, which will propel us to even greater heights. From everything in the pipeline, we expect the trend to continue and expect 2014 to be a huge year for us.”

Among Riversand's noticeable accomplishments in 2013:

*New customer contracts, additional deployments from existing clients, and expansion into new geographies in EMEA with new offices and partners in the United Kingdom, Switzerland, France, Belgium, and Germany, all of which have contributed to Riversand's extensive worldwide growth. ESAB, one of the world’s largest producers of welding and cutting equipment, automation and consumables, was among Riversand’s new clients in 2013.

*Gartner’s positioning of Riversand as a Leader on the 2013 Magic Quadrant for Master Data Management (MDM) of Product Data Solutions, published November 6, 2013, and an increase in acknowledgement from other industry analysts whose reports are expected to release in 2014. According to theMagic Quadrant Report, “Vendors in the Leaders quadrant have strong results and strong delivery capabilities, and will continue to have them. They typically possess a large, satisfied customer base relative to the size of the market.”

*Significant vertical market growth across all key industries, including retail, energy, pharmaceuticals and manufacturing. (See Other News at http://bit.ly/1ekIRGq).

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 VF Corporation, Bed, Bath & Beyond, PC Connection, Scansource, Schneider Electric, ESAB, Teva Pharmaceuticals, ConocoPhillips and ExxonMobil. Riversand's PIM and MDM solutions allow clients to manage accurate, timely and up-to-date information through their supply chains, providing accelerated time-to-market, vendor data on-boarding, product assortment growth and an enhanced cross-channel customer experience. For more information, visit Riversand.com and follow @RiversandMDM on Twitter.

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Alison Minaglia, aminaglia@technologypr.com
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