Riversand Continues Strong Growth with Significant Wins and Client Go-Lives Across Industries in Q2, 2015

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Company adds new clients in multiple industries including Retail, CPG, Food & Grocery and Distribution while increasing go-lives and license expansions.

Riversand Technologies, a worldwide leader of Master Data Management (MDM), Product Information Management (PIM), and Data Quality solutions, today announced that the second quarter of 2015 was another successful period of new client acquisitions and revenue growth. The company closed licensing contracts with a diverse set of new clients across multiple industries including Retail, CPG, Food & Grocery and Distribution. These results continue Riversand’s strong growth trend and denote a successful 2015 for the company.

In addition, the company’s go-lives, upgrades and license expansions increased 33% in the quarter. Companies as diverse as Hollander, MarineMax, Saint-Gobain Abrasives, Beiersdorf and Sartorius, among others, are now capturing the business benefits of Riversand’s PIM and MDM solution due to completed implementations in Q2, 2015.

“Riversand has continued to innovate our vision, strategy and execution, establishing us as a leader in MDM solutions that deliver data, information and insights. As a result, Riversand has seen an enormous increase in demand in 2015,” noted Upen Varanasi, CEO of Riversand. “To meet this demand among new and existing clients, Riversand’s Professional Services organization has scaled effectively to deliver projects on-time and within budget. Furthermore, we are pleased to see many of these projects involve Riversand’s growing network of System Integrator and Technology partners.”

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, Beiersdorf, Schneider Electric, Saint-Gobain, 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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Andrew Simpson VP of Business Development
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