Infotech Enterprises and ViryaNet Sign Partner Agreement Combined Global Presence in Mobile Workforce Management Drives Business Efficiency for Utility and Telecom Customers Business Wire WESTBOROUGH, Mass. -- December 20, 2012 Infotech and ViryaNet Limited (VRYAF) today announced a strategic partnership. Infotech is a provider of leading-edge engineering solutions, and ViryaNet is a leading provider of software solutions that optimize the planning, execution, and monitoring of service processes for mobile workforces. The partnership between Infotech and ViryaNet will provide a flexible framework so that the joint relationship may evolve in a variety of ways in response to customer demands and market conditions, particularly within the Utilities and Telecommunications sectors. This relationship not only ensures a combined global presence but also expands Infotech’s capabilities to include the ability to deliver purpose-built mobile workforce management applications for strategic planning, optimized scheduling, exception-based dispatch and online/offline mobile work execution by integrating the best-of-breed mobile workforce management solutions from ViryaNet. Infotech Enterprises recently participated in the implementation training program for ViryaNet’s mobile workforce management solution, ViryaNet G4. With the successful completion of ViryaNet’s advanced training, Infotech’s highly skilled and experienced engineers will become certified in ViryaNet G4. “Infotech is delighted to be partnering with such a great technology company as ViryaNet,” said John Renard, President UT&C business, Infotech Enterprises. “The combination of Infotech’s proven integration skills and domain knowledge with ViryaNet G4’s rich functionality will deliver significant value and benefit to existing, and new, customers worldwide.” “This new partnership with Infotech expands our global reach and our ability to implement ViryaNet’s solutions worldwide,” said Jim Robidoux, Vice President, Customer Care, ViryaNet. “Infotech and ViryaNet have a similar focus: helping our customers drive business efficiency and provide better service. In addition, ViryaNet’s integrated approach ensures customers can meet these business objectives in a cost-effective way.” About Infotech Enterprises Infotech Enterprises provides leading-edge engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide. With nearly two decades of continuous growth, Infotech leverages a global delivery and collaborative engineering model to achieve measurable and substantial benefits for our clients. Whether your organization needs to design innovative products faster, optimize R&D costs, increase market share, enhance operational efficiency or maximize the return on investment in your networks, Infotech Enterprises is the ideal partner. Infotech has over 10,000 associates across 35+ global locations. We adopt a proactive approach to serve our clients with our best-in-class delivery centers in North America, Europe, Middle East and Asia Pacific. Our clients span multiple industries such as Aerospace, Consumer, Energy, Medical, Heavy Equipment, Oil & Gas, Mining, HiTech, Transportation, Telecom and Utilities and include 22 'Fortune 500' and 27 'Global 500' blue chip organizations. For more information, visit www.infotech-enterprises.com. About ViryaNet ViryaNet delivers mobile workforce management solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in measurable business benefits. ViryaNet's products, pre-packaged solutions and people are recognized within the industry as innovative which in turn enables its' customers to be viewed as leaders within their respective industries. ViryaNet's G4 products specialize in the functions of scheduling and dispatching resources and enabling mobile field communication and are delivered in industry specific configurations. Embedding industry best practices and utilizing innovative technologies like ViryaNet's BPM Blueprint for Mobile Workforce Management™, Microsoft InfoPath® and device agnostic mobile solutions enable ViryaNet's products to be rapidly deployed and extended to support virtually any business process across a wide range of industries. ViryaNet is proud to call many of the world's leading utilities, the United States' largest pure rural telecommunications firm, the supermarkets' most respected retailer, and North America's largest auto insurer as customers. ViryaNet has strong partnerships with leading platform and system integration companies that enable it to have a global presence. Headquartered in Westborough, MA, ViryaNet has additional offices in the United States and Israel. For more information visit our website or follow us on twitter. Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding ViryaNet's expectations, beliefs, intentions, or strategies regarding the capabilities of its products, its relationships with its customers, its customer purchases, its future operational plans and objectives including integration of other businesses, its future business prospects, its future financial performance, its future cash position, and its future prospects for profitability. All forward-looking statements included in this document are based upon information available to ViryaNet as of the date hereof, and ViryaNet assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to ViryaNet's business include market acceptance of and demand for ViryaNet's products, risks associated with a slow-down in the economy, risks associated with the financial condition of ViryaNet's customers, risks associated with competition and competitive pricing pressures, risks associated with increases in costs and operating expenses, risks in technology development and commercialization, the risk of operating losses, risks in product development, risks associated with international sales, and other risks that are set forth in ViryaNet's annual report on Form 20-F, filed on May 14, 2012, and the other reports filed by ViryaNet from time to time, with the Securities and Exchange Commission. Reported results should not be considered an indication of future performance. You should not place undue reliance on these forward-looking statements, which speak only as the date hereof. ViryaNet disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121220005054/en/ Multimedia Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50513214&lang=en Contact: Infotech Enterprises Pia Abraham, ++44 207 404 0640 Partner Marketing Manager firstname.lastname@example.org or ViryaNet, Ltd Dolores Fallon, 508-490-8600, ext 5917 Director, Marketing Communications Dolores.Fallon@viryanet.com
Infotech Enterprises and ViryaNet Sign Partner Agreement
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