May 9, 2016
Riversand Accelerates Growth in Multi-Domain Master Data Management Market
Houston, TX – May 09, 2016 — Riversand Technologies, an innovative leader in Multi-Domain Master Data Management Solutions, is announcing a record Q1 performance.
“Riversand has seen tremendous momentum after Q1 2016 results as well as looking into the remainder of FY16. We’ve seen double digit improvement YoY in key performance indicators like new logos, win rates, average selling price, pipeline, and revenue. The option of the cloud enables customers to more quickly absorb our technology at a lower cost, helping contribute to several go-lives in Q1. I’m thrilled with our progress and look forward to a strong FY16 finish,” said Tom Hathaway, Global VP of Sales for Riversand.
“As key part of our business strategy, Riversand continues to develop a robust ecosystem of partners. Several new partners have joined our ecosystem in the recent past and continue to get enabled on Riversand solutions thereby increasing our market focus and presence. We are also deepening our relationships with key partners through proactive go to market planning and solution development. 50% of our opportunities are currently sourced or influenced through partners,” said Raman Parthasarathy, VP Strategy – Products and Business Development.
“The pace of innovations is frantic as we are getting ready to launch MDM 2.0 related capabilities in June 2016. MDM 2.0 represents a paradigm shift in looking at solving master data management problems from an outcomes perspective involving dynamic adaptive workflows, next generation search/matching, data discovery and governance measurement and control capabilities to mention a few,” said Omer Farooque, VP of Products and Platforms.
About Riversand Technologies
Riversand is an innovative leader in Multi-domain Master Data Management solutions, powering Industries, from world’s largest to SMBs. Riversand’s single integrated, scalable and robust multi-domain MDM platform caters to a variety of use cases across multiple verticals. In addition Riversand offers specific solutions such as Vendor Portal, Spare Parts Management, Material Master, GDSN on-boarding, Media Assets Management, Print Publishing etc. Riversand’s solution helps clients to accelerate time-to-market, increase sales, improve order accuracy, reduce costs and enhance customer service. Follow us on Linkedin, Facebook, Google+ and on Twitter(@RiversandMDM)