Rivermine Ranked for Third Time in Deloitte's Virginia Technology Fast 50 Awards

Market Wire, September, 2008

Rivermine , the leading provider of automated telecom expense management ( TEM ) solutions, has received for the third time, Deloitte's prestigious Virginia Technology Fast 50 award. The company was honored for achieving a growth rate of 1,121 percent from 2003-2007. The program features a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on companies' percentage revenue growth over five years from 2003-2007.

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"Rivermine's growth rate is a testament to the power of the company's software and managed services, which help enterprises significantly reduce telecom expenses -- a critical task during an economic downturn," said Mark Logan, president and CEO, Rivermine. "We are experiencing record growth in 2008, as our solutions help organizations yield millions of dollars in savings year-over-year."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Virginia and either own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to the research and development of technology.

Companies from the nine regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information, visit http://www.fast500.com .

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

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 expense management and reporting/analytics. For more information, visit http://www.rivermine.com .

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Media Contacts: Jennifer Mirabile Young & Associates 724.772.2038 jenniferlm@yapr.com Cindy Zhou Rivermine 703.995.6016 media@rivermine.com


 

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