FAIRFAX, Va. – Rivermine, a leading provider of on-demand solutions that manage organizations’ mobile and network-related communications lifecycle expenses, today announced its significant achievements for the first half of 2010. The company reported that, on a dollar basis, new sales orders grew by 133 percent and revenue increased 44 percent over the first half of 2009. Rivermine achieved 399 percent total revenue growth over the last four years.
Strong global demand for Telecom Expense Management (TEM) resulted in new deals spanning 30 countries across North America, Latin America, Europe and Asia, and Rivermine closed one of the largest transactions in industry history with a top global financial services firm. This deal was sold in partnership with a leading Information Technology outsourcer and is part of a multi-hundred million dollar network outsourcing engagement.
“Given the economy, our growth has been fueled by customers realizing now, more than ever, that TEM can deliver millions of dollars in cost savings globally,” said Mark Logan, president and CEO, Rivermine. “We are also thrilled that Rivermine closed not only the largest transaction in our history, but one of the largest deals ever sold in our industry.”
Rivermine now manages well over $6 billion in annual telecom spend—an addition of nearly $700 million in the first half of 2010. Over 90 percent of the new customers are ranked in the Fortune 1000. Rivermine also won the Communications Solutions Product of the Year Award for a third consecutive year.
For more information on Rivermine, please visit www.rivermine.com.
About Rivermine
Rivermine is a leading provider of automated, award-winning solutions that enable organizations to gain visibility into, and control over, their wireline and wireless telecom spend. Hundreds of companies—including many Fortune 1000 corporations and large government agencies—have selected Rivermine to optimize their overall telecom environments and dramatically reduce costs. Rivermine currently manages over $6 billion in annual telecom spend globally. The company’s patent-pending Telecom Expense Management (TEM) solutions automate the entire telecom lifecycle including ordering, inventory management, invoice processing and auditing, wireless expense management, mobile device management, and reporting/analytics. For more information, visit http://www.rivermine.com.
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