Two Oil & Gas Majors Choose Riversand Technologies to enhance and better execute their Parts Master Data Management Strategy

HOUSTON, -- March 20, 2007– Two Fortune 50 international integrated energy companies have chosen Riversand Technologies, (http://www.riversand.com), a provider of Product Information Management (PIM) and Product Master Data Management (pMDM) solutions, to help enhance their Material Master Data Management strategy. Riversand is providing a combination of tools and services to cleanse, enrich, normalize and standardize the items within the customer’s global Material Master stored within its SAP ERP instance. The Riversand solution is also intended to keep the part information clean on an ongoing basis through effective management of new part introductions.

The customers are beginning to utilize the Riversand Solution further upstream in the content process at the plant/field design phase. The Riversand pMDM solution enables better parts data management and integrity through automated vendor on-boarding and rationalization processes during the engineering, procurement and construction phase of a capital project or field setup. This ensures that the parts and equipment data being fed to the ERP systems are well rationalized, cleansed and standardized much earlier in the process. This has the potential to save significant money through better analytics such as Strategic Spend Analysis and Vendor rationalization.

“It is exciting for us to work with such large enterprises and to help them better implement their Part Master Data Management strategy. We feel that the key to having good master data repositories is to fix the data quality issues right at the source or inception of the data. Riversand is committed to providing its complete package of software and services to help manage the Parts related processes to ensure better data quality and integrity,” said Upen Varanasi, CEO of Riversand Technologies Inc.

The Riversand pMDM solution creates significant cost savings for clients in capital intensive industries such as Oil & Gas, Energy, Chemicals, Utilities and Mining. The solution reduces procurements costs, inventory costs and costs associated with equipment data handover through simplifying, standardizing and automating processes through a collaborative environment during a New Capital Project, Post Project Cleanup or current Plant Operations. Additionally the Riversand solution reduces risks of project delays and Plant downtime through better inventory rationalization and identification.

About Riversand Technologies, Inc
Riversand is a leading provider of Product Information Management (PIM) and Product Master Data Management (pMDM) solutions for global manufacturers, distributors and retailers buying and selling multiple products across their supply chains. Riversand enables companies to create accurate, timely & up-to-date product information across all corporate internal systems, customers, vendors and channel partners. Riversand solutions accelerate time-to-market, improve order accuracy, reduce costs and enhance customer service. Headquartered in Houston, Texas, Riversand can be contacted at (713) 934-8899 or at www.riversand.com.