"Shares in Riversoft, the network management software group, plunged almost 25% on Monday morning as the company warned that "a sudden and severe deterioration" in the completion of orders led to second-quarter sales significantly below expectations.
We were at the stage where we had met technical requirements, agreed contracts and drawn up the paperwork only for the deal to be closed down in the finance department," Phil Tee, chairman and chief technology officer, 3 July 2001.
(source The Financial Times) 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.
[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.
[8] RiverSoft won Best Software Infrastructure Product and Best Presentation at the Gartner's Winter 2001 Enterprise Vision Conference in Phoenix, Arizona.