Technology Evaluation Centers Spotlights ViryaNet as Strong Contender in Field Service Management Market

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Report Reveals How Service Organizations Can Take Advantage of ViryaNet’s Solution

WESTBOROUGH, MA, January 9, 2014 - ViryaNet Limited (OTC QB:VRYAF), a leading provider of software solutions that optimize and allow for the continuous improvement of service processes for mobile workforces, released today a report by Technology Evaluation Centers that spotlights ViryaNet as a strong contender in the field service management (FSM) market.

In the report published by Technology Evaluation Centers (TEC), TEC Research Analyst Raluca Druta covers product highlights as well as services that are intended to help ViryaNet’s customers take full advantage of its mobile workforce management solution.

“ViryaNet G4 has a series of features that make it a strong contender in the FSM market,” said Raluca Druta, Research Analyst, TEC, “A focus on business value throughout the application lifecycle and developing an application with flexibility, exceptional user experience, and advanced mobility as a priority.

Because service organizations usually struggle to meet goals related to customer satisfaction and cost reduction, ViryaNet works with customers to:

  • detect any obstacles that get in the way of meeting goals
  • analyze and balance the conflict between productivity and quality objectives
  • proactively manage exceptions to ensure that optimization is an ongoing process
  • establish an infrastructure to help their service organizations evolve and transform

ViryaNet complements its mobile workforce management solution – delivered on-premise or in the cloud – with performance management methodologies to help service organizations meet their business goals.

“When we work with service organizations, we need to understand their current and future business goals,” said Memy Ish-Shalom, President and CEO, ViryaNet, “Because no matter where service organizations are on the maturity curve of their mobile workforce management capabilities, they should always be looking for ways to improve and setting a higher bar for customer satisfaction and efficiency goals.”

To learn more, you may download the free report.

About Technology Evaluation Centers (TEC)

Technology Evaluation Centers (TEC) is the leading advocate for the enterprise software purchaser. Over 2 million decision-makers visit TEC's Website each month to use our unique decision support system, TEC Advisor™, to access information on hundreds of solutions and to download objective research & evaluation reports. TEC helps private- and public-sector organizations choose the best enterprise software solutions for their unique business needs—quickly, impartially, and cost-effectively.

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 April 29, 2013, 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.


Press Contact:

Dolores Fallon

ViryaNet, Ltd

508-490-8600, ext 5917

News Source : Technology Evaluation Centers Spotlights ViryaNet as Strong Contender in Field Service Management Market

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