January 26, 2017
Gartner Positions Riversand in the “Visionaries”, Quadrant in the New Magic Quadrant for MDM
Riversand is the only solution provider to be placed in the Visionaries Quadrant
HOUSTON – TX, JANUARY 26th 2017
Riversand, a leading provider of Master Data Management (MDM) solutions, today announced it has been positioned by Gartner, Inc. in the “Visionaries” quadrant in the new Magic Quadrant for Master Data Management solutions(Gartner Master Data Management), Bill O’Kane | Michael Patrick Moran, January 2017
This is a new Magic Quadrant on Master Data Management solutions(Gartner Master Data Management) and first such release. Gartner has retired the Magic Quadrants that focused on Product Data and Customer Data. According to the report, “this new Magic Quadrant addresses the current focus of the MDM(Gartner Master Data Management) market on all-encompassing solutions as more clients recognize their digital business platform should be built on trusted master data. It will help data and analytics leaders find the best vendor and solution for their needs.”
In this first Magic Quadrant for Master Data Management(Gartner Master Data Management) Solutions, Gartner evaluated ten vendors on their strengths and cautions against a bigger market.
“Riversand is excited about the introduction of the new Magic Quadrant for Master Data Management(Gartner Master Data Management) solutions. We are proud to be in the Visionaries Quadrant of this new Magic Quadrant. We have experienced a huge growth across verticals, geographies, and size of the business in 2016 and pushing the boundaries of innovation. We believe our positioning in the new Magic Quadrant by Gartner is a confirmation of our MDM 2.0 vision and what our customers and the market is expecting from MDM(Gartner Master Data Management) solutions,” said Upen Varanasi, CEO of Riversand.
A recent Gartner report, Market Insight: New Dynamics Drive Strong Growth and New Opportunities for Master Data Management(Gartner Master Data Management) Software Vendors, published on October 2016 said “The criticality of master data management to strategic business initiatives is now widely recognized. In a 2016 Gartner study on customer experience innovation, MDM(Gartner Master Data Management) ranked fifth (at 20%) in the overall percentage of Gartner Research Circle respondents who considered it one of their three most critical technology investments for 2016.”
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