Emptoris Acquires Rivermine

1/6/11Follow @gthuang

Burlington, MA-based Emptoris, a maker of supply and contract management software for businesses, said today it has acquired Rivermine, a Virginia-based developer of telecom expense management software. Financial terms were not disclosed, but the acquisition was financed by Marlin Equity Partners, which is Emptoris’s majority owner. The combined company has 650 employees and added more than 100 of them in 2010, including a couple of senior executives from Oracle and SAP.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang