Riversand Technologies Celebrates Record 1st Quarter Sales

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10 New Contracts in Q1 Paves the Way for Significant Growth in 2015

70% of the recent contracts were signed by traditional and digital retail industry leaders

Riversand Technologies, a worldwide provider of Product Information Management (PIM), Multi-Domain Master Data Management (MDM) and Data Quality solutions, today announced a record quarter to kick-off 2015 with 10 new contracts that include both new customers and expansion of its solutions with existing customers. This announcement was made today at the Gartner Enterprise Information & Master Data Management Summit 2015. This record quarter is a testimony to the growing demand for multi-domain MDM solutions and Riversand’s growing market strength.

Riversand continued its multi-year growth trend with double digit growth in sales revenue for 2014. This strong growth trend was driven largely by the company’s expanding customer base domestically and internationally. Additional success can be attributed to Riversand’s growth in the retail sector with 70% of the recent contracts being signed by traditional and digital retail leaders. Continued accolades and leading product ratings by top industry analyst firms, including Gartner, Forrester and Ventana Research, has also helped support Riversand’s growth.

For the last five years Riversand has enjoyed consistent growth, with an average revenue increase of over 50% annually. To support this rapid growth, Riversand has increased its staff over 60% and added additional offices in Europe and Australia.

“Riversand Technologies’ customer references played a significant role in the company’s growth,” said Upen Varanasi, CEO. “We work closely with our customers to constantly evolve our product in ways that are meaningful to them in terms of sales, customer service and ease-of-use.”

For more information on the Gartner MDM Summit, please visit http://www.gartner.com/technology/summits/na/master-data-management/.

To learn more about Riversand Technologies, please stop by Riversand’s booth #209 or visit http://www.riversand.com.

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, Beiersdorf, Domino’s Pizza, 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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For more information, contact:

Susan Magi, Riversand Technologies
Susan.magi@riversand.com
713-934-8899

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Susan Magi
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