SOURCE: Rivermine

February 25, 2008 09:03 ET

Rivermine Earns "Strong Positive" Rating in Leading Analyst Firm's MarketScope Report on Telecom Expense Management (TEM)

Wireline & Wireless Expense Management Market Predicted to Reach $1.7 Billion in 2011; Systems Integrators & IT Outsourcers to Drive Global TEM Expansion

FAIRFAX, VA--(Marketwire - February 25, 2008) - Rivermine, the leading provider of automated telecom expense management (TEM) solutions for both wireline and wireless usage, today announced it received a "Strong Positive" rating in Gartner's MarketScope for Telecom Expense Management Worldwide, 2H07(1) report. Out of the 30 vendors evaluated for the report, Rivermine was one of three companies to receive the highest possible rating, "Strong Positive."

Gartner estimates that the TEM market generated revenue of approximately $600 million in 2007 and will grow to $1.7 billion by 2011. According to Gartner, "the strongest influence in the market will be the emergence of SIs (system integrators) and outsourcers in the market. Their long time experience to condition the market with outsourcing value statements and services is what is needed for TEM to expand and grow into a global market."

"In our opinion, receiving a Strong Positive rating from Gartner is the highest possible industry affirmation, and we feel it reflects our market leadership as well as our customers' satisfaction with Rivermine's wireline and wireless expense management solutions," said Mark Logan, president and CEO, Rivermine. "Rivermine's solutions are delivered worldwide through our strategic partnerships with leading systems integrators and business process outsourcers."

Evaluation criteria for this Marketscope report included business model, customer experience, innovation, product/service, operations, and market responsiveness and track record. Authored by Eric Goodness and Phillip Redman, the complete 2007 MarketScope for Telecom Expense Management report is available, compliments of Rivermine, at http://mediaproducts.gartner.com/reprints/rivermine/151444.html.

Gartner's "Strong Positive" MarketScope rating adds to Rivermine's current market momentum, as the company achieved more than 100 percent revenue growth in 2007 and added more than 20 new customers in the last four months of the year. Additionally, nearly 250 companies have now selected Rivermine as their solutions provider.

One of the Gartner co-authors of the MarketScope, Eric Goodness, will present the featured keynote at the 6th Annual Summit on Enterprise Telecom Expense Management, March 12-13, 2008 in Miami, Fla. Co-hosted by IBM and Rivermine, the largest event in the industry will also feature speakers from Boeing, Synovus Financial, Bridgestone, Grant Thornton, Continental Airlines and many others. Visit www.temsummit.com for more information or to register for the event.

(1) Gartner "MarketScope for Telecom Expense Management, Worldwide, 2H07" by Eric Goodness and Phillip Redman. February 7, 2008

About the MarketScope

The MarketScope is copyrighted February 7, 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Rivermine

Rivermine is a leading provider of automated solutions that enable organizations to gain visibility into, and control over, their wireline and wireless 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, telecom inventory management, wireless management and invoice processing and telecom audits. For more information, visit http://www.rivermine.com.

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