ViryaNet Appoints New Vice President, Cloud Solutions

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Talmon Friedlander Joins Management Team to Lead ViryaNet’s Cloud Strategy

WESTBOROUGH, MA, February 27, 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, announced today the appointment of Talmon Friedlander as Vice President, Cloud Solutions.

In this capacity, Friedlander manages all cloud-related activities within ViryaNet, working with the Sales, Professional Services and Support departments in order to successfully sell, deploy and support the ViryaNet G4 product on the cloud.

Previous to this role, Friedlander served as ViryaNet’s Vice President of Product Management. Since joining ViryaNet in 1996, he has held a number of positions, including as a Solution Architect for a wide variety of customer implementations. Friedlander holds a Bachelor of Science in Mathematics and Computer Science from the University of South Africa.

With the growing maturity of cloud technologies in terms of uptime, security, scalability and elasticity, more and more companies are making a strategic decision to deploy software applications in the cloud. In embracing new computing models, companies want to accomplish one or more business goals: shift from fixed capital to variable operational cost, faster ROI or time-to-value, shift the burden of IT infrastructure services, and continuously and cost-effectively tap into the innovation of the solution provider. 

“As a cloud customer, service organizations can focus on their core strengths and the benefits they want to achieve from their business,” said Talmon Friedlander, Vice President, Cloud Solutions, ViryaNet, “Customers can now leverage our innovative product and methodology with a deployment model of their choice.”

“We are pleased to welcome Talmon as a member of our management team,” said Memy Ish-Shalom, President and CEO, ViryaNet, “Talmon has rich experience with our customers and his expertise will be instrumental in leading our cloud strategy. There is a lot of exciting opportunity in this area and we are confident that he will be very successful.”

 

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 .

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.

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Press Contact:

Dolores Fallon

ViryaNet, Ltd

508-490-8600, ext 5917

Dolores.Fallon@viryanet.com

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