Riversand Accelerates Growth in Multi-Domain Master Data Management Market (SCN)
Riversand Technologies, an innovative leader in Multi-Domain Master Data Management Solutions, is announcing a record Q1 performance. “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.
“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.
“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.