Founder Phil Tee | Founded 1997 | |
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. The company is now delisted.
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History
RiverSoft was founded, in 1997, by Phil Tee after he left Micromuse, a former competing company which he also co-founded.
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. Concord Communications Inc. was later acquired by CA Technologies in 2005.
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.
In 2002, RiverSoft was bought by rival firm Micromuse for £43m in cash. 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.
Awards
RiverSoft won Best Software Infrastructure Product and Best Presentation at the Gartner's Winter 2001 Enterprise Vision Conference in Phoenix, Arizona.