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NewRiver

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Provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporations

Andover, United StatesFounded 1998Fintech
Valuation $50–100M Last recorded · 2010
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About NewRiver

NewRiver Systems operates as a certified Service-Disabled Veteran-Owned Small Business, established in March 2007 by Edward Albers. Mr. Albers, the company's CEO, is a former Naval Special Warfare Officer who held leadership roles at major technology and defense firms, including Northrop Grumman, SAP America, and Intel Corporation, before founding NewRiver Systems. His background includes serving as a Policy Adviser to the Office of the Secretary of Defense.

The firm is positioned as a provider of comprehensive information technology and business systems consulting. Its client base spans both the public and commercial sectors, including government agencies (Federal, State, and Local), as well as industries like Healthcare, Energy, and Aerospace & Defense. The business model is centered on delivering consulting services in areas such as IT strategy, systems engineering, and program management. Revenue is generated by offering these specialized services to solve complex client issues.

NewRiver Systems' core service offerings include software development, IT advisory, and enterprise resource planning (ERP) implementation. The company is a ServiceNow Partner, specializing in implementing the platform for federal government clients to help modernize their organizational processes and digital workflows since 2020. Furthermore, the company delivers solutions in cloud computing by partnering with leading vendors, IT security management, and business intelligence. Their software development practice focuses on creating custom web-based and distributed applications using technologies like Java, SharePoint, and ASP.NET for a diverse range of clients, from large government bodies to major corporations.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1998
Headquarters
Andover, United States
Employees
33
Open positions
None listed
Dealroom signal
33.2/100
Industry
Fintech
Sub-industry
Banking, Wealth Management
Sector
Fintech, Banking

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Aug 2010 $77M $77M Broadridge Financial Solutions —
LATE VC✓Equity / VC Jan 2006 $21M $82M Lazard Technology Partners · Pritzker Group Venture Capital —
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Growth signals

NewRiver website traffic

Latest recorded traffic for NewRiver is 3.2K monthly website visits, up 28% over the last three months.

Latest monthly visits3.2K 3-month web change+28%
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Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Qianxs.comQianxs.com is a Chinese financial consultancy platform that provides bank financing products and services Huangpu, China Operational — $77K $308K
Evolution Securities LimitedFintech London, United Kingdom Operational
CFG Investment BankFintech Brevard, United States Operational
Bengur BryanFintech Baltimore, United States Operational
First Western TrustWealth management and private banking institution Denver, United States Operational
ChessiecapInvestment banking firm Bethesda, United States Operational
First Bank TrustChartered stock savings bank Champaign, United States Acquired
Drake WoodschooA Premier Investment Banking Consulting Firm United States Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later2 investors entered at this stage

  • Lazard Technology Partners
  • Pritzker Group Venture Capital

Other known investors1 additional known investor

  • Broadridge Financial Solutions
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇮🇳 India100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NewRiver on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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