Each of the founders has extensive experience of operations and technology at some of the largest asset managers and fund administrators in Europe.

They conceived a flexible, affordable, self-contained investor record-keeping solution built using best of class technology and servers; the flagship product that emerged from this blueprint was the Riva Transfer Agent Solution (‘Riva TA’).

The first Riva Financial Systems office opened in 2003, with the first client secured and converted to Riva TA by early 2005.

The Riva TA solution was then selected by Franklin Templeton to be their new global transfer agency platform and in September 2007 Franklin Templeton Investments acquired a majority stake in Riva Financial Systems, securing a strategic joint venture between Riva Financial Systems and one of the world’s largest asset managers.

In November 2012 Riva TA was successfully deployed across 14 Franklin Templeton global locations.

Riva continues to flourish, with employees based in the Isle of Man, UK and Luxembourg, supported by outsourced resources based in Canada and India.

While Riva remains a commercial software house, the company and its customers benefit from Franklin Templeton‘s global expertise and knowledge with respect to the Riva TA development roadmap and other Riva products.