Southern Appalachian Fund Exits Rivermine

Emptoris, a provider of supply management and contract management services, has acquired Rivermine Inc., a telecom company backed by the Southern Appalachian Fund. The fund originally backed BBR Wireless Management, a company acquired by Rivermine in 2007. The firm later backed the combined company. No terms of the latest acquisition were released. The Southern Appalachian Fund is a $12.5 million venture fund focused on low-income areas of Tennessee, Kentucky, and the Appalachian counties of Georgia, Alabama, and Mississippi.

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