Rivermine Reports Strong Mid-Year Achievements

FAIRFAX, Va., August 28, 2006 – Rivermine today announced its notable achievements for the first half of 2006. Most significant, more than 60 companies now use its automated Telecom Expense Management (TEM) solutions – an increase of 50 percent in the first half of 2006 alone. Rivermine also launched a new set of managed services and shipped a new version of its flagship software. Rivermine is further accelerating the rollout of new offerings with plans to double its development team by year’s end.

“We are pleased with our significant ramp in the first half of 2006,” said Mark Logan, president and CEO, Rivermine. “We continue to advance our products and services to ensure that they provide the maximum savings and operational efficiencies possible to our customers.”

Earlier this year, Rivermine unveiled eXPERTSolutions, software-powered TEM services for tasks such as telecom invoice auditing, sourcing/contract negotiation and inventory builds. These services are delivered by seasoned telecom experts and sophisticated TEM software that can reduce corporate telecom spend by more than 50 percent. The services are available individually to provide rapid cost savings or together to provide a complete TEM managed service.

The company also launched a new version of its software that includes Rivermine® Clarity reporting and analytics, which enables companies to gain visibility into, and control over, their telecom spend. Rivermine Clarity allows IT Departments to view dashboards and reports of key telecom information to easily identify and resolve potential issues before major problems arise.

In early June, Rivermine attracted more than 200 enterprise, telecom carrier, and government executives to its 3rd Annual Summit on Enterprise Telecom Expense Management—the largest event in the industry. The Summit, held in Washington, D.C., provided a forum for best practices discussions, panel presentations and analyst sessions.

Rivermine’s solutions provide an intuitive and unified way to gain visibility into, and control over, nearly all aspects of telecommunications management. The solutions automate many cumbersome tasks such as contract sourcing, service ordering and provisioning, and invoice processing, auditing, and payment.

About Rivermine

Rivermine is a leading provider of automated solutions that enable organizations to gain visibility into, and control over, their telecom spend. Rivermine’s software and managed services have saved many Fortune 1000 companies and large government agencies millions of dollars per year. These market-leading Telecom Expense Management (TEM) solutions automate the entire telecom lifecycle including contract sourcing, procurement, provisioning, inventory management, and invoice processing/auditing. For more information, visit http://www.rivermine.com.

Comments are closed.