Montreal, QC – September 6, 2007 – RYMA TECHNOLOGY SOLUTIONS (“RYMA”), the creators of FeaturePlan™, the leading requirements management software for Product Management, today announced the completion of US$3 million venture loan financing from MMV Financial.
RYMA will use the proceeds from the financing to expand its sales and marketing efforts to promote FeaturePlan, which delivers sustainable product innovation through software implementation and integration of industry best practices.
"RYMA developed a comprehensive solution to provide its clients increased efficiency in the execution of their day-to-day product management cycle. We were impressed by RYMA’s management team, its approach to the market and by the company’s customer base,” said Jacques Perreault, Senior Vice President, MMV Financial Inc. “We at MMV are excited about working with the company to grow RYMA as a major player in the Product Management market."
“It’s one thing for product managers to balance resources, schedule, and cost in a single product release; another to do so while anticipating and managing competency and asset demands; then another to do all this while reducing risk and maximizing market value; and even more demanding to do all of this while developing product competitiveness and innovation. The goal is sustainable product innovation. To do this, we facilitate change adoption, combine industry best-practices with internal policies, and integrate IT infrastructure with our software solutions to provide a focused yet complete solution,” said Rene Bellei, Chief Executive Officer and President of Ryma.
About MMV Financial
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to 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, NewStar Financial Inc., and Wells Fargo Company. For more information please visit www.mmvf.com.
About FeaturePlan and Ryma Technology Solutions
Ryma Technology Solutions is a company that delivers requirements management solutions for Product Management through its flagship product, FeaturePlan. FeaturePlan is based on the industry-standard product management framework from Pragmatic Marketing® and uses a best practices approach to collect and organize market inputs for product management and strategic innovation. FeaturePlan is used worldwide by leading organizations such as Reuters, Autodesk and Trend Micro to gather and analyze market requirements, instantly generate fact-based documents and roadmaps, and support strategic business-critical decisions throughout the enterprise. For more information, please visit www.rymatech.com.
