LOS ANGELES, December 24, 2010 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Rivermine, Inc. (“Rivermine”), a market-leading provider of Telecom Expense Management (“TEM”) software and service solutions that enable organizations to gain visibility into, and control over, their telecommunications spend. The company’s TEM solutions are utilized by more than 140 Global 1000 businesses to automate the entire telecom lifecycle including ordering, inventory management, invoice processing and auditing, wireless expense management, mobile device management and reporting/analytics. Rivermine will be integrated with Emptoris, a Marlin portfolio company, and will expand Emptoris’ award-winning solution suite.
“Rivermine currently manages over $6 billion in annual telecom spend globally and its software solutions will offer compelling crossselling opportunities with Emptoris’ existing customer base,” stated Nick Kaiser, a Partner at Marlin.
“The Rivermine transaction strengthens and extends Emptoris’ value proposition and competitive positioning by providing proven expense management technology in a significant services spend category,” commented Pat Quirk, CEO of Emptoris. “The sum of these parts will help fuel sales growth and create a stronger, more competitive Emptoris in a market that is rapidly growing and consolidating.”
“This acquisition of Rivermine further offers Emptoris entre into more than 140 new Global 1000 companies, all of whom understand the meaningful bottom-line impact of applying technology to address high-value, challenging spend categories,” added Mark Logan, CEO of Rivermine.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 40 acquisitions. For more information, please visit www.marlinequity.com.
Emptoris is a leading global provider of enterprise supply and contract management software. Emptoris’ software and service solutions are used by Global 2000 companies in more than 75 countries and across a wide variety of industries. Emptoris is consistently recognized by independent research firms as providing the market’s most robust and proven supply and contract management software solutions. Emptoris is based in Burlington, Massachusetts and serves over 250 of the world’s most demanding global businesses. For more information, please visit www.emptoris.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.