Telecom Expense Management - Rivermine News and Events

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Rivermine Software Rates "Positive" in 2005 MarketScope: Telecom Expense Management (TEM) Research
TEM Market to Grow to $1.2 Billion in 2008

Fairfax, VA, February 28, 2005 - Rivermine Software - a leading business applications provider for telecommunications management - announced it received a "Positive" rating in leading analyst firm Gartner's 2005 MarketScope: Telecom Expense Management (TEM) report. Gartner forecasts that the North American TEM market will grow from $500 million in revenue in 2004 to $1.2 billion in 2008. The TEM market encompasses software and services to acquire, provision, and support corporate telecommunications.

The vendors identified for the TEM MarketScope were chosen by Gartner from a base of 100 companies servicing North America. Evaluation criteria included invoice management, allocation/chargeback, order and provisioning management, customer service and support, price and pricing methodology, financial viability, and scope of offering (wireline, voice and data, mobile). Rivermine CEO Mark Logan said, "Rivermine was among 12 companies chosen to be reviewed in Gartner's TEM MarketScope. We believe this is confirmation for our Fortune 1000 clients who chose Rivermine's unique inventory-powered solution to help manage their global networks, including telecom expense management, process compliance, and network analysis."

"Although TEM has a very high return on investment, most organizations do not adequately manage their telecommunications resources," said Logan. "Rivermine solves the TEM challenge by automating the process of receiving, auditing, and paying the bills, which streamlines cost allocations, ensures more accurate invoice payments, and strengthens contract negotiations."

The Gartner MarketScope "Positive" rating means that a vendor demonstrates strength in specific areas, but is largely opportunistic; customers are advised to continue incremental investments; and potential customers should put the vendor on a shortlist of tactical alternatives for their TEM solutions.

The complete MarketScope: Telecom Expense Management 2005 report, authored by Eric Goodness, principal analyst, and Phillip Redman, research vice president, can be accessed at <a href="http://www.rivermine.com/rm/research/G00123396.pdf">http://www.rivermine.com/rm/research/G00123396.pdf</a>

About MarketScope

The MarketScope is copyrighted 2005 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. The MarketScope is intended solely as a research tool, and is not meant to be a specific guide to action. 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, 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.