# Rivermine Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rivermine-software

- Industry: Business Support Services
- Headquarters: Fairfax, US
- Website: www.rivermine.com
- Total disclosed funding: $24M
- Latest round: Series D (Jan 27, 2009)
- Investors on record: 4

## About

Rivermine Software offers specialized solutions for telecom expense management, helping organizations streamline their telecom and cloud resource management through advanced analytics and innovative tools.Founded in 1999 in Fairfax, US, Rivermine Software focuses on telecom expense management solutions. The company was acquired by Emptoris Inc., a portfolio company of Marlin Equity Partners, in February 2011. The founder, Kevin Dunetz, has a history of involvement in the technology sector. Rivermine has successfully managed 4 deals, with its latest funding round being Series D in which it raised USD 5.00 mn, bringing the total amount raised to USD 5.00 mn.Rivermine Software specializes in providing comprehensive solutions for telecom expense management, managed mobility services, and cloud expense management. Their flagship product, Tangoe One, integrates analytics and management tools designed to streamline the procurement and management of telecom and cloud resources. This platform addresses common challenges such as invoice audits, inventory optimization, and expense management, enabling organizations to efficiently manage their telecom and cloud expenditures. Tangoe targets a diverse client base across various industries, including retail, healthcare, manufacturing, and finance, serving enterprises that require robust solutions for managing mobile devices and telecommunications. The company's products are marketed and utilized primarily within North America, Europe, and Asia-Pacific regions, providing scalable solutions tailored to meet the specific needs of businesses operating in these geographical markets.Rivermine's revenue model predominantly revolves around subscription-based services and consulting engagements that cater to businesses seeking to optimize their telecom and cloud expenditures. Clients typically engage with Rivermine through multi-year contracts that allow for continuous access to the Tangoe One platform and associated services, such as invoice management and cloud optimization strategies. The transaction structure fosters long-term partnerships, where businesses engage in ongoing expense management and consulting services, thereby driving consistent revenue streams for Rivermine. Pricing plans are structured to align with the specific needs of clients, adapting to the scale and complexity of their requirements, which may involve tailored service packages or tiered subscription models based on usage and service levels. Rivermine's offerings are thus positioned to provide clients with substantial value in managing their telecom expenses effectively.Rivermine Software intends to expand its product line with new offerings aimed at enhancing telecom expense and cloud management capabilities, expected to launch in late 2023. The company is also targeting expansion into new geographic markets, specifically Europe and Asia, by early 2024. The recent funding of USD 5.00 mn will be utilized to support these initiatives, ensuring the development and marketing of new products while establishing a stronger presence in these targeted regions.

## Funding rounds

- Series D, Jan 27, 2009, $5M — Columbia Capital, Valhalla Partners, Longworth Venture Partners, Softbank Capital
- Series C, Jul 17, 2007, $8.8M — Columbia Capital, Valhalla Partners, Longworth Venture Partners, Softbank Capital
- Series B, May 31, 2005, $10M — Columbia Capital, Valhalla Partners, Longworth Venture Partners

## Investors

- Columbia Capital (https://capitalatlas.ai/funds/columbia-capital) — Series B, Series C, Series D
- Valhalla Partners (https://capitalatlas.ai/funds/valhalla-partners) — Series B, Series C, Series D
- Longworth Venture Partners (https://capitalatlas.ai/funds/longworth-venture-partners) — Series B, Series C, Series D
- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series C, Series D