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River Logic Launches Gartner-Ranked Prescriptive Analytics Cloud Platform; Secures $10M

Dallas, TX, May 23, 2016 (GLOBE NEWSWIRE) -- River Logic, global leader in prescriptive analytics planning software, announced the release of its cloud-based Prescriptive Planning and Performance Management platform. The only software on the market that puts the power of prescriptive analytics into the hands of business users, River Logic offers cutting-edge visualizations, embedded business knowledge and unlimited what-if capabilities for trade-off analysis. With a time-to-value of only six weeks, this software gives customers the ability to quickly discover insights across all business functions.

“Today’s packaged planning solutions don’t provide built-in, comprehensive, cross-functional scenario planning—instead, they solve problems in silos,” said Carlos Centurion, president of River Logic. “Scenario management is a top priority in our platform, offering unlimited what-if scenarios to evaluate trade-offs and discover the optimal course of action. Visual outputs are delivered to decision-makers in an easy-to-use interface with direct performance indicators across silos.”

Simon Avenell of long-time River Logic partner, PriceWaterhouse Coopers, offered insight into the competitive advantage of River Logic’s prescriptive planning platform: "We won the project because we could tell the story. We could make the case to finance to fund the project because of River Logic’s integrated financial and operational modeling."

River Logic was featured as a leading provider in 3 of Gartner’s recent vendor reports: The Magic Quadrant of S&OP Systems of Differentiation, The Market Guide to Optimization Solutions and the Global Forecast Snapshot on Prescriptive Analytics. As defined by Gartner, "prescriptive analytics is the application of logic and mathematics to data to specify a preferred course of action.” As the final stage in the analytics maturity curve, they predict that the number of companies leveraging prescriptive analytics will more than triple over the next 4 years.

The company also announced it has secured $10 million from Mercury Ventures, Ltd to bolster enterprise partnerships, better serve customers and continue to expand the features and capabilities of its new prescriptive planning platform. Andre M. Boisvert, River Logic’s Board Vice Chairman, Senior Advisor and investor commented, “The world is moving to a place where analytics drives decision-making; companies are demanding content that is actionable rather than informative. River Logic is there now.”

Among many others, River Logic works with some of the biggest companies including Unilever, BHP Billiton, McKee Foods, Boise Cascade, Thames Water, as well as many organizations within the U.S., Australian, Canadian, and Russian governments. It also has established global partnerships with leaders like PricewaterhouseCoopers, Grant Thornton, CGI, Microsoft and AFS Technologies.

River Logic’s software enables drastically improved decision making for a wide range of business problems, including pricing optimization, cash management, revenue management, trade promotion optimization, value driver modeling, compliance optimization, water utility management, and more.

About River Logic

River Logic is a privately held software company that offers the only prescriptive planning and performance management platform for mid to large-sized organizations wanting to make more impactful decisions and optimize business performance. River Logic’s cloud-based platform enables business professionals to collaboratively solve strategic and tactical business problems by evaluating unlimited what-if scenarios. The company helps customers increase business performance, decision-making agility and the ability to predict business outcomes through prescriptive planning. For more information, please visit www.riverlogic.com.

PR Contact | Kelly Brieger | Kelly@kbpr.net | 650-704-1748 | www.riverlogic.com

Source: River Logic