Riversand Hires York Richards as Chief Financial Officer

August 11, 2015

Seasoned Financial Executive of Technology Sector to spearhead the Finance Team as Riversand enters an exciting growth phase

Houston, TX – August 11, 2015 – Riversand Technologies, a worldwide provider of Master Data Management(MDM), Product Information Management (PIM) and Data Quality solutions, today announced the hiring of York Richards as Chief Financial Officer.  Mr. Richards joins Riversand’s Executive team with over 15 years of experience in the field of software accounting and finance.  Having served in similar roles at several technology companies, Mr. Richards will be responsible for overall financial operations and reporting for Riversand.

Mr. Richards brings a breadth of experience in partnering with other executives to achieve aggressive growth balanced with fiscal discipline.  Prior to joining Riversand, he served over 10 years as CFO at Idera Inc. in Houston where he designed and implemented G&A operations including accounting, finance, tax, human resources, legal, IT, and maintenance renewals.  In addition, Mr. Richards was instrumental in raising three rounds of venture funding and negotiating multiple acquisitions.  He has also held management positions at BMC Software, PentaSafe Security Technologies/NetIQ, and Price Waterhouse.  Mr. Richards holds Master’s Degree in Science and a Bachelor’s Degree in Business Administration from Texas A&M University.

“Riversand has entered a period of significant growth and we continue to build the momentum in the market with key focus on innovation, globalization and growth through partners and channels. As we continue to evolve and execute on our global strategy, York’s rare combination of experience and skills makes him an ideal fit for Riversand” noted Upen Varanasi, Riversand’s CEO. “York will be a key member of our Executive team and will be focused on helping financial operations scale with the company’s growth.”

“Riversand is an exciting growth-stage company which has been historically self-funded through its own operations,” commented Mr. Richards.  “In addition to running day-to-day financial operations, I am excited to think about what the future holds, and how Riversand can leverage our current success to set us up for even greater success tomorrow.”

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, PC Connection, 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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