Telecom Expense Management - Rivermine News and Events

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Rivermine Software is on the Move
Business Application Provider Growing with New Headquarters; Addition of Chief Software Architect and Western Regional Sales VP

Fairfax, VA, January 20, 2005 - After a year of explosive growth, Rivermine Software - the leading provider of business applications to manage enterprise telecommunications - announced today that it has officially completed its headquarters move in Fairfax, Va., to a larger suite in 50 West Corporate Center. Necessitated by the software provider's doubling in size and revenue over the last year, the company has acquired more than three times the square footage of its previously leased space in the same building.

"The move reflects our continued growth in the enterprise telecommunications management market and our commitment to customer and product enhancements," said Mark Logan, CEO, Rivermine Software. "The larger space enables Rivermine to continue the momentum in 2005 and prepare for future growth in sales, personnel, and customer service." Rivermine's lease will occupy one floor of 3975 Fair Ridge Drive South through January 2009. The building complex, managed and operated by BECO Management Inc., is one of Fairfax's premier properties.

In addition, Rivermine announced the appointment of Chief Software Architect Mike Gorman, a five-year veteran at PeopleSoft, and Linda Crawford, western VP of sales. Crawford, based in San Francisco, brings 15 years of software industry experience, most recently with Siebel Systems. Gorman and Crawford's addition is part of Rivermine's overall expansion over the past six months, which includes three additional regional offices in Charlotte, San Francisco, and Chicago. "Through the recent hiring of a chief software architect and western VP of sales, among others, Rivermine is rapidly becoming the dominant application software solution for the Fortune 1000 managing their telecom operations," said Logan.

Rivermine's expense, process and analytical software 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 ordering and provisioning, network analysis, and invoice processing and payment.

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.

Rivermine's Telecom Expense Management software andmanaged services save many companies and governmentagencies MILLIONS of dollars per year.

Rivermine's Telecom Expense Management software and
managed services save many companies and government
agencies MILLIONS of dollars per year.