MONTREAL, QUEBEC – January 28, 2011 - MMV Financial (MMV), a pre-eminent specialty finance firm serving venture-backed companies in North America, announced today that it has provided a follow-on loan to Ryma Technology Solutions. Ryma empowers large, technology-driven companies to become more effective and confident in all aspects related to their product investments – from management to decision-making – with its industry-leading Product Investment Management solution. The additional capital provided by MMV will support Ryma in building market share as the leading provider of Product Investment Management solutions to Senior Executives and Product Managers.
"With increased breadth and depth of critical information and insight we are able to help companies take the guesswork out of their product investment decisions," said Rene Bellei, President and CEO of Ryma Technologies. "We help large organizations be better at innovation."
The Ryma solution is more than typical product, innovation, or requirements management systems; it gives the key people across a company's varied product groups a centralized, structured means to share, aggregate, and leverage their vast wealth of knowledge, expertise, and critical information such as market data, opportunity analysis, feature prioritization, strategic roadmaps, and upcoming product releases.
“We are extremely pleased to extend our relationship with Ryma," said Yassine Tnani, Vice President, MMV Financial. “As an existing portfolio company, Ryma has made significant progress in enhancing its product and deepening its relationship with its customers. We believe the company is well poised to take a leap forward, and we are pleased to extend our support. Ryma's management has executed on all the needed factors for continued success; we have total confidence in Ryma's expansion plans over the coming years."
About MMV Financial
MMV Financial provides creative debt solutions that empower growth for venture-backed technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions, including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, ROI Capital, and Wells Fargo Company. For more information, please visit www.mmvf.com.
About Ryma Technology Solutions Inc.:
Established in 2000, Ryma Technology Solutions Inc. is a pioneer and leader in Product Investment Management. We empower large companies with our groundbreaking solution; specifically tailored to give each client a standardized process, information flow and collaboration platform to effectively and efficiently identify, prioritize and manage product related opportunities across their product groups, business units and divisions. Our integrated solution helps companies make the best well-informed, fact-based product investment decisions, to maximize ROI at all levels, whether for individual products or global R&D budgets, with accountability and traceability for these decisions. For more information visit: www.rymatech.com
