Quantcast

Riverside Banks On Success With DMA Investment - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Riverside Banks On Success With DMA Investment

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

Bank and Credit Union Analytics Company Joins Firms Portfolio

Cleveland, Ohio (PRWEB) August 26, 2014

The Riverside Company has acquired DMA Corporation of Beaverton, Oregon. DMA provides banks and credit unions with profitability analytics and strategic insights designed to reduce income risk. Its clients include financial institutions throughout the U.S. and Canada.

DMA acts as a strategic partner for its customers, delivering a suite of offerings that allows financial services providers to access and understand data from across their organizations, gaining visibility into the profitability of each branch, product and customer. By integrating management, finance, marketing, and sales, DMA brings a holistic approach to data.

DMAs tools help banks and credit unions uncover unmet needs, identify improvement opportunities, and ultimately increase profits, said Riverside Managing Partner Loren Schlachet. With DMAs comprehensive solution, customers gain a deep understanding of their income risk and are provided tools to increase profits.

Because DMA provides such a wonderful product, we see many avenues for growth moving forward, said Riverside Partner Alan Peyrat. We see opportunities to expand and deepen sales and marketing efforts to help the market understand DMAs value better.

Riverside has completed more than 40 transactions within its Software and IT Specialization, and will be eager to use add-ons to expand DMA, which operates in a fragmented industry.

Working with Schlachet and Peyrat on the transaction for Riverside were Vice President Steve Rice and Associate Ryan Philyaw. Origination Principal Jeremy Holland sourced the transaction for Riverside. Vice President Dan Haynes worked on financing the transaction for the firm.

Deerpath Capital Management provided financing for the transaction. Riverside was advised by Jones Day, Deloitte and West Monroe Partners.

The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (200 million in Europe). Since its founding in 1988, Riverside has invested in more than 345 transactions. The firms international portfolio includes more than 70 companies.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12120960.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow
Powered by 

WorldNowAll content © Copyright 2000 - 2014 WorldNow and Valley News Live. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.