RiverSoft
| LSE: RSFT (Former ticker symbol) | |
| Industry | Software |
| Founded | 1997 (private company) 2000 (public company) |
| Founder | Phil Tee |
| Headquarters | , |
Key people | Carl Symon (non-executive chairman) Tim Murray (chief executive) |
RiverSoft plc was a publicly limited company listed on the London Stock Exchange, in 2000. It developed and provided network management software for monitoring and managing Internet Protocol networks.[1] The company is now delisted.[2]
History
RiverSoft was founded, in 1997, by Phil Tee after he left Micromuse, a former competing company which he also co-founded.[3]
In September 2001, it was announced that RiverSoft would partner with Concord Communications Inc. to provide real-time network and performance management software to Interxion.[4] Concord Communications Inc. was later acquired by CA Technologies in 2005.[5]
In November 2001, the board saw several changes with Carl Symon, former head of IBM in the UK, joining as non-executive chairman, and Tim Murray from AT&T taking the role of chief executive.[6]
In 2002, RiverSoft was bought by rival firm Micromuse for £43m in cash.[7] Micromuse was then acquired by IBM, in 2005, this resulted in RiverSoft's and Micromuse's network management software becoming part of what is now the IBM Tivoli Framework.[8]
Awards
RiverSoft won Best Software Infrastructure Product and Best Presentation at the Gartner's Winter 2001 Enterprise Vision Conference in Phoenix, Arizona.[9]
References
- ^ "Riversoft announces placing price of 94 pence per share". Prnewswire.co.uk. Retrieved 2012-10-01.
- ^ "RiverSoft PLC". Bloomberg.com. 2012-09-27. Retrieved 2012-10-01.
- ^ Finance. "Tee surrenders Riversoft to rival". Telegraph.co.uk. Retrieved 2012-10-01.
- ^ "RiverSoft and Concord Partner to Provide Next-Generation Fault Management and Performance Solutions". Intc.com. 2001-09-25. Retrieved 2012-10-01.
- ^ "CA to buy Concord Communications for $330M in cash". Bizjournals.com. 2005-04-07. Retrieved 2012-10-01.
- ^ "Boardroom shuffle at RiverSoft". Standard.co.uk. 2001-11-06. Retrieved 2012-10-01.
- ^ Nick Goodway (2002-06-19). "Micromuse nets Riversoft for £43m". Standard.co.uk. Retrieved 2012-10-01.
- ^ "Tivoli Netcool/OMNIbus". 01.ibm.com. Retrieved 2012-10-01.
- ^ "Award Press Release". E-creation.co.uk. Archived from the original on 2006-10-10. Retrieved 2012-10-01.
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