Riverwood Solutions Announces Opening of Software Solutions Development Center in St. Petersburg, Russia
Mar 11, 2015
DALLAS, TX — (Marketwired) — 03/11/15 — Riverwood Solutions, the innovator in managed supply chain services and operations consulting, today announced that on January 1, 2015 the company opened a software solutions development center in St. Petersburg, Russia.
Riverwood Solutions is making a significant investment in specific software solutions designed to help technology products companies improve their manufacturing, product operations, and supply chain performance. Establishing the company’s first dedicated software development office in Russia marks a major milestone in this endeavor. “Developing a limited suite of software products for our target markets allows Riverwood Solutions to leverage not only the company’s proven, proprietary processes and methodologies, but also its extensive warehouse of data on actual supplier performance collected by our team from factories in more than two dozen countries on five continents,” said Ron Keith, Executive Chairman of Riverwood Solutions.
“Software solutions increasingly have the potential to drive the technology products industry to the next frontier of operational efficiencies and cost reduction in today’s global supply chains. Riverwood Solutions’ experience and robust processes to improve our customers supply chains forms the backbone of our software platform. There is a significant demand from our customers for software solutions to further accelerate product value chains — from concept to market, at optimal cost,” says Akhil Oltikar, Vice President of Supply Chain Solutions at Riverwood Solutions. “St. Petersburg, Russia offers a vast pool of software development talent to this effect through its established Universities and software R&D centers.”
“Over the past five years Riverwood Solutions has helped some of the world’s leading OEMs and some of the world’s most innovative start-ups drive some very impressive results,” stated Michael Marks, managing partner of Riverwood Capital Management, an early investor in Riverwood Solutions and former CEO of Flextronics International (NASDAQ: FLEX). “The investment announced today is intended to capture, codify, and commercialize many of the innovative processes, methodologies, and decision making tools that Riverwood Solutions has developed over the last several years of work with more than 100 technology product companies around the world. As major shareholders in Riverwood Solutions, we are very excited about this new initiative and the opportunities it will afford the company to service a larger and broader customer base with its expertise.”
About Riverwood Solutions
Riverwood Solutions (www.rwsops.com) helps OEMs improve supply chain performance, optimize their operations, and maximize the value of their outsourced relationships. The company provides operations consulting and managed operations services to technology product companies globally. The company’s proprietary and award winning HOST(SM) (Hybrid Outsourced Services Team) Model provides highly skilled local resources to help OEMs manage their supply base and improve supply chain performance without adding fixed internal infrastructure. Headquartered in Dallas, TX, Riverwood Solutions designs, optimizes, implements, and manages global supply chains from operations in Silicon Valley, Dallas, Austin, Shenzhen, Suzhou, Mexico, Singapore, Taiwan, Thailand, and Vietnam for some of the world’s leading OEMs and most promising start-ups.
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