SOURCE: Rivermine

August 07, 2008 08:00 ET

Rivermine's Year-to-Year Sales Growth Rate Soars to 180 Percent

Leading Telecom Expense Management Provider Experiences Significant Growth in First Half of 2008 With Managed Services, Software and International Customer Wins

FAIRFAX, VA--(Marketwire - August 7, 2008) - Soaring to new heights, Rivermine, the leading provider of automated telecom expense management (TEM) solutions, today announced several major milestones for the first half of 2008 including 180 percent year-to-year sales growth. Rivermine's organic sales growth from new customers was 126 percent with the remainder coming as a result of Rivermine's merger with BBR Wireless Management. Rivermine's achievements include 66 deals with new and existing customers in the first half of 2008, including seven new Fortune 500 customers. These customer wins represent a balanced mix of managed services, software and international deals through direct sales and channel partners.

"Industry analysts have confirmed that this is the highest growth rate of any TEM vendor," said Mark Logan, president and CEO, Rivermine. "We are seeing strong demand for our solution in this difficult economic environment since Rivermine can help companies reduce their telecom and wireless device spending by millions of dollars per year."

Signaling the value Rivermine brings to the federal marketplace, the U.S. Postal Service selected Rivermine to deploy comprehensive TEM solutions for its entire data network nationwide in June 2008. To date, over 250 companies have selected Rivermine's solutions to gain visibility into, and control over, their telecom spend.

In the first half of the year, Rivermine earned a "Strong Positive" rating in Gartner's MarketScope for Telecom Expense Management Worldwide 2007 and was awarded two "Product of the Year" awards from Communications Solutions Magazine and Unified Communications Magazine. In July, Rivermine continued first half momentum by launching Rivermine 6.0, a new version of its flagship software, and new eXPERTSolutions managed service packages. For more information, visit

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. More than 250 companies -- including many Fortune 1000 corporations and large government agencies -- have selected Rivermine to optimize their overall telecom environments and dramatically reduce costs. These patent-pending Telecom Expense Management (TEM) solutions automate the entire telecom lifecycle including contract sourcing, ordering, inventory management, invoice processing and auditing, wireless management and reporting/analytics. For more information, visit

Contact Information

  • Media Contacts:

    Jennifer Mirabile
    Young & Associates

    Cindy Zhou