AsiaNet 89744

CHICAGO, May 27, 2021 /PRNewswire=KYODO JBN/--

- Combined Solution Portfolio Will Offer More Comprehensive Options to Deliver

a Complete Customer Experience    

Syndigo, a Chicago-based leading SaaS product information and syndication

company, and a portfolio company of Summit Partners and The Jordan Company,

today announced the acquisition of Riversand, a leading cloud-native SaaS

Master Data Management (MDM) and Product Information Management (PIM) solution

provider. Terms of the deal were not disclosed.

The acquisition expands Syndigo's position as a global provider of end-to-end

solutions for product information, adding enhanced PIM capabilities plus

flexible MDM across multiple domains and systems. The acquisition also allows

Syndigo to bring its custom syndication and analytics capabilities to

Riversand's client base, offering a seamless transfer of information across the

product ecosystem.

"This partnership will open countless opportunities for our clients around the

world," said Syndigo CEO Paul Salay. "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."

"Both organizations strongly believe that for our nearly 14,000 clients to

succeed, we must deliver product information solutions that are built to serve

brands, retailers and distributors alike," continued Salay. "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."

"As we carefully considered how to help our clients accelerate their growth, we

determined that Syndigo was an ideal fit for clients to enhance their entire

product information supply chain," said Riversand Co-Founder and CEO Upen

Varanasi. "Our clients, employees, and partners make up a team that delivers a

wealth and breadth of functionality unmatched in the industry. Together with

Syndigo, we will continue to further improve upon the data that flows

throughout their various domains and systems."

Recognized as a Leader in the Gartner January 2021 Magic Quadrant for Master

Data Management Solutions, Riversand has built a strong partner and alliance

network that further complements their technological capabilities and broadens

their global reach. The complementary fit of Riversand's rich offerings with

Syndigo will empower clients to deliver more engaging global customer

experiences by optimizing product and master data management strategies through

an end-to-end solution.

About Syndigo  

Syndigo enables commerce by supporting the efficient transfer of product

information through its network of brands and their customers. The company

provides descriptive product and nutritional information, images and other

digital media, powered by deep analytics to empower engaging brand experiences

online and in store. Through Syndigo's integrated platform, Content Experience

Hub, clients can publish, manage, syndicate and audit product content across

the largest trading network of brands and recipients in the world.  

Syndigo serves more than 12,000 manufacturers and 1,750 retailers and

distributors globally in many important consumer industries including grocery,

foodservice, hardlines, home improvement/DIY, pet, health and beauty,

automotive, apparel, and healthcare products. For more information, please

visit www.syndigo.com. Learn more about the announcement here:

https://www.syndigo.com/riversand/

About Riversand  

Riversand provides a Master Data Experience Platform (MDxP), enabling customers

to leverage their data through intelligent insights, automation, and

multi-domain SaaS solutions. Riversand's MDxP platform is the engine that

powers customers' digital transformation journeys through improved business

agility, faster adoption and improved collaboration across the enterprise.

Driving data to experiences and insights, Riversand has a vision of helping

companies know their customers better, move products faster, automate

processes, mitigate risk and run their businesses smarter. Visit:

https://www.riversand.com/ for more information and follow @RiversandMDM on

Twitter and Riversand on LinkedIn.  

About Summit Partners  

Founded in 1984, Summit Partners is a global alternative investment firm that

is currently managing more than $23 billion in capital dedicated to growth

equity, fixed income and public equity opportunities. Summit invests across

growth sectors of the economy and has invested in more than 500 companies in

technology, healthcare and other growth industries. These companies have

completed more than 160 public equity offerings, and more than 200 have been

acquired through strategic mergers and sales. Summit has partnered with more

than two dozen companies across the e-commerce and consumer landscape,

including Brooklinen, Klaviyo, Solo Stove, Philz Coffee, Quay Eyewear,

Reverb.com, Sezane, TinyPrints, VeriShip, MercuryGate, and vente-privee.com.

Summit maintains offices in North America and Europe and invests in companies

around the world. For more information, please see: www.summitpartners.com or

follow on LinkedIn.  

About The Jordan Company  

TJC (www.thejordancompany.com), founded in 1982, is a middle-market private

equity firm that has managed funds with original capital commitments in excess

of $11 billion since 1987 and a 38-year track record of investing in and

contributing to the growth of many businesses across a wide range of industries

including Industrials, Transportation & Logistics, Healthcare & Consumer, and

Telecom, Technology & Utilities. The senior investment team has been investing

together for over 20 years and is supported by the Operations Management Group,

which was established in 1988 to initiate and support operational improvements

in portfolio companies. Headquartered in New York, TJC also has an office in

Chicago.  

In the United States of America, Summit Partners operates as an SEC-registered

investment advisor. In the United Kingdom, this document is issued by Summit

Partners LLP, a firm authorized and regulated by the Financial Conduct

Authority. Summit Partners LLP is a limited liability partnership registered in

England and Wales with registered number OC388179 and its registered office is

at 11-12 Hanover Square, London, W1S 1JJ, UK. This document is intended solely

to provide information regarding Summit Partners' potential financing

capabilities for prospective portfolio companies.  

SOURCE:  Syndigo

CONTACT: Patrick Niersbach

         Senior Vice President, Marketing

         patrick.niersbach@syndigo.com

         +1-312-766-7416