Revitas Demonstrates Strong Growth with Key Customer Wins and New Chief Financial Officer

Revitas, Inc. the leader in revenue acceleration, announced today that it has signed a number of new marque customers in the commercial manufacturing and life sciences sectors. The new contracts represent Revitas’s strong growth and momentum across a variety of manufacturing industries, including pharmaceutical, aviation, software, and industrial manufacturing.

TIBCO, a global leader in infrastructure and business intelligence software; Textron Aviation, the leader in general aviation and home to the Beechcraft, Cessna, and Hawker brands; and Matheson Tri-Gas, a global industrial gas company, have selected RevitasNOW® Contract Manager™ for cloud-based enterprise contract lifecycle management (CLM). Kremers Urban Pharmaceuticals Inc., a specialty generic drug manufacturer focused on difficult, high-barrier-to-entry generic products, has selected the Revitas Revenue Manager™ solution for channel and incentive program management.

“With our regional sales and legal team members creating and negotiating thousands of contracts annually with our customers across the globe, quality control—as well as appropriate review and approval—is critical,” said Williams Hughes, EVP, Chief Administrative Officer and General Counsel of TIBCO Software, Inc. “The challenge is to gain visibility into every agreement in a timely manner, especially during the end-of-quarter timeframe when contract volume is high. By automating our global contracting process with the enterprise CLM solution by Revitas, we are streamlining operations and improving cycle time with secured visibility across all departments.”

“Revitas’s strong momentum across a broad set of initiatives and industries illustrates the demand and value of our solutions in manufacturing verticals where sales are heavily driven by the channel,” said Brian Madocks, CEO and President of Revitas. “Not only do today’s organizations demand a streamlined, automated solution to manage high volumes of complex contracts, but they also require greater visibility into the performance of their products, programs, and partners in order to increase efficiency, develop deeper partner engagement, and drive revenue. These new customer wins set the stage for widespread adoption both within and outside of our traditional stronghold in life sciences, and underscore Revitas’s business growth across manufacturing verticals.”

An important element of Revitas’s growth strategy is the appointment of Michael Coluzzi as the new Chief Financial Officer and Senior Vice President. Coluzzi brings extensive experience in high-growth software and technology businesses. He joins Revitas after serving as Chief Financial Officer of Quintiq, where he helped manage the transformation of the software company from an early-stage business to an 800-employee company that nearly tripled revenue in a three-year period. Prior to Quintiq, Coluzzi served as Chief Financial Officer and Vice President for Metrologic, which was later acquired by Honeywell International.

“Revitas’s strong traction across industries and preeminent reputation in life sciences demonstrate the company’s clear position as the leader in revenue acceleration in a wide range of verticals that depend on channel distribution and management,” said Coluzzi. “Revitas has the technology and technical know-how to significantly extend its market reach and help an array of enterprises gain greater visibility and management over their channels.”

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