- 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