Montreal, Quebec -- January 27, 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 efficient in all aspects of their product investments from management to decision-making. The additional capital provided by MMV will assist Ryma in building market share as the leading provider of Product Investment Management solutions.
With increased breadth and depth of critical information and insight, Ryma allows companies to take the guesswork out of their product investment decisions,” said Rene Bellei, President and CEO of Ryma Technologies. “We help large organizations to innovate.”
The Ryma solution is more than the typical product, innovation or requirements management solution; it gives 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. This includes 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. “An existing portfolio company, Ryma has made significant progress enhancing its product and deepening relationships with its large base of 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 of the needed factors for continued success; we have total confidence in Ryma’s expansion plans over the coming years.”
About Ryma Technology Solutions
Established in 2000, Ryma Technology Solutions Inc. is a pioneer and leader in Product Investment Management. We empower large companies to make better product investment decisions with our groundbreaking solution, specifically tailored to give each client a clear and consolidated view of all its complex product data across all of its business units and divisions. Our adaptive solution streamlines processes and standardizes input data, providing companies with valuable quantitative business intelligence in order to make the best well-informed, fact-based product investment decisions, with process that supports accountability and traceability for these decisions. For more information visit: www.rymatech.com.
About MMV Financial
MMV Financial empowers growth for venture-backed technology and life sciences companies across North America through creative debt solutions. We provide quick and efficient access to additional capital with limited dilution. Our goal is to help companies achieve valuation inflection points, liquidity events and/or operational cash flow breakeven with flexible, cost-effective financing. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including Wells Fargo Company, HSBC Bank Canada, Caisse de dépôt et placement du Québec, CCP Equity Partners, Fonds de Solidarité des Travailleurs du Québec and ROI Capital. For more information, please visit www.mmvf.com.