Riversand has been sold to Syndigo, a portfolio company of Summit Partners and The Jordan Company
Riversand is a leading provider of cloud-native, Software as a Service master data management (MDM) and product information management (PIM) solutions. Riversand’s platform enables customers to leverage their data through intelligent insights and automation, powering customers’ digital transformation journeys through improved business agility, faster adoption and improved collaboration across the enterprise. Recognized as a leader in Gartner’s 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 geographic reach.
Will Palmer, Managing Director at Crestline, commented, “We’ve had a great partnership with the Riversand team and are really proud to have supported the team in building the category leader in the MDM / PIM space. Lincoln’s superb track record, software expertise and knowledge of the sector were critical in delivering an outstanding outcome for all of our stakeholders.”
“We’re excited to have partnered with the Riversand team and Crestline in this important transaction,” said Scott Twibell, Managing Director and co-head of Lincoln‘s Technology, Media & Telecom (TMT) Group. “Riversand has built a highly differentiated cloud-native platform and the combination with Syndigo will offer global brands, retailers and distributors a powerful provider of end-to-end solutions for product information.”
Lincoln acted as the exclusive financial advisor to Riversand, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. Terms of the transaction were not disclosed.
Lincoln was our ideal investment banking partner in this transaction given their deep relationships and domain expertise in the digital experience management sector. We truly appreciate all the senior level guidance and dedicated effort throughout the entire process.
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