Rivermine Software Bolsters Sales Organization with New Executive VP of Sales and Two Regional Sales Managers

Fairfax, VA, August 15, 2005 – Building on recent funding and expansion, Rivermine Software, a leading business applications provider for enterprise telecommunications management (ETM), today announced the appointment of Dan Nolting, a former PeopleSoft vice president and general manager, as executive vice president of sales.

“Dan’s highly successful track record in sales leadership with world-class enterprise software companies is impressive,” said Mark Logan, CEO of Rivermine Software. “With Dan on the team, we are confident that his sales execution strategies will help increase our market share in the growing telecom expense management space.”

Nolting will oversee the development and implementation of the sales organization’s overall strategy, building upon an existing solid foundation of Fortune 1000 enterprise customers. Bringing more than 20 years of technology sales experience, Nolting spent 13 years spearheading Midwest area sales efforts at J.D. Edwards. In 2003, with PeopleSoft’s acquisition of J.D Edwards, Nolting directed the company’s Great Lakes commercial operations, which represented more than $140 million dollars in sales. He also held previous sales leadership positions with Software Alternatives Inc. and DataTech Services Inc.

“I am excited to join a company like Rivermine that is well-positioned in the market with an outstanding mission-critical product to offer enterprise customers,” Nolting said.

In addition to Nolting’s appointment, Chris Etheredge and Bill Dana were named regional sales managers. Etheredge will manage the South Central territory and Dana will cover the West Coast area.

Rivermine Software’s solution provides an intuitive and unified way to view, manage, and control nearly all aspects of telecommunications management. It integrates many cumbersome tasks such as service ordering and provisioning, telecom analysis and planning, and invoice processing, auditing, and payment.

About Rivermine Software

Rivermine Software is the leading business applications provider of Enterprise Telecommunications Management software. Rivermine’s inventory-powered solution provides mega-million dollar impact to clients by addressing their largest and most severe management issues: controlling expenses, process compliance, and analysis of network design, usage, and cost. A privately held company, Rivermine caters to billion dollar enterprises and partners with select service providers and integration companies.

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