Syndigo Acquires Master Data Management Provider Riversand
Syndigo recently announced its acquisition of Master Data Management and Product Information Management solution provider Riversand, according to a press release. Syndigo offers Product Information Management and syndication capabilities and is a portfolio company of Summit Partners and The Jordan Company. The merger will enhance Syndigo’s position in the MDM marketplace while enabling the company to add new PIM capabilities across multiple domains and systems.
Riversand offers MDM and product information management (PIM) solutions. Its MDM offering features a multi-domain core designed to provide a complete view of enterprise data. In addition, Riversand includes high-scale computing, a set of streamlined collaboration tools, and data governance functionality. Reporting via the vendor’s data visualization product is included with each license and offers users the ability to run advanced analysis via charts, tables, and dashboards.
Syndigo will bring its custom syndication and analytics features to Riversand’s client base as a means of offering seamless transfer of information across the product ecosystem. Syndigo also shares Riversand’s vision of investing in cloud-native technologies that enable flexible product data strategies, according to Riversand CEO Upen Varanasi. Riversand was named to Gartner’s 2021 Magic Quadrant for Master Data Management Solutions in January.
In a media statement on the news, Syndigo CEO Paul Salay said: “Combining Riversand’s expertise in MDM and PIM with Syndigo’s leading capabilities in enhanced content, syndication and data analytics means more data – better data – for all of our clients. Our connectivity and added capabilities between the two solutions will continue to help maximize the speed to market for our clients. We look forward to growing globally together.”
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