The acquisition of Rivo is reflective of our commitment to delivering ever greater value to our customers, and by extension also our global partners. It represents another step forward in making good on our mission to help keep people safe, products sustainable and operations productive.
This serves to expand Sphera’s portfolio of cloud-based applications, enhance Sphera’s breadth of health and safety software solutions and services, and further increase Sphera’s global presence. Independent and in aggregate, these represent significant, tangible benefits for our organization and colleagues around the globe.
As a recognized leader in the health and safety market, Rivo’s technology strengthens Sphera’s Operational Risk software portfolio. Sphera now has the unique ability to offer customers the optimal flexibility with both on-premise and cloud-based software options for managing risk and compliance. To elaborate, the acquisition benefits Sphera and its customers by:
The adoption of cloud-based, software solutions continues to grow, offering benefits from both a functional and total cost of ownership perspective. As the industry leader, we believe it critical to continue innovating and expanding our world class on-premise products, while also expanding our portfolio of cloud-based solutions. This is designed to provide customers with the ultimate in flexibility in managing their EH&S compliance and reporting needs. Sphera’s products will be complemented by Rivo’s cloud-based offerings that include incident management, audits and inspections, monitoring, mobile and reporting.
Rivo is a recognized brand in the Health & Safety market, providing a robust cloud-based software platform with an award-winning user interface. Combining their product portfolio with our capabilities will provide customers with a broader set of health and safety software and services.
Sphera maintains a strong global footprint and the addition of Rivo accelerates Sphera’s international growth and market presence. Further, Rivo’s strong presence in EMEA will help Sphera continue to cement its leadership in this growing marketplace.