Westborough, MA, October 25, 2011 - ViryaNet Limited (OTCQB: VRYAF), a leading provider of software solutions that optimize the planning, execution, and monitoring of service processes for mobile workforces, announced today that Glenn Martin has been promoted to Vice President, Sales at ViryaNet.
"One of the key assets for ViryaNet has been its strong leadership," said Memy Ish-Shalom, Chief Executive Officer, ViryaNet, "Glenn has a proven history in generating business that yields significant financial results. In fact, the company has closed six new deals since Glenn re-joined ViryaNet six months ago."
"During my four-year hiatus from ViryaNet, I had the opportunity to work with other companies in the mobile workforce management space, including both very large and small software vendors," stated Glenn Martin, Vice President, Sales, ViryaNet, "I can say from experience that the ViryaNet G4 product is the most comprehensive solution on the market. The extended sales, services and support teams are also among the most experienced in the industry. It has been an exciting and
rewarding homecoming."
Glenn has held several senior sales and marketing positions over his 20-year career. He is a seasoned sales, account management, and business development professional with vast experience in information technology, and a deep understanding of the mobile workforce management industry. As a leader, he is able to motivate his team with a passionate commitment to corporate goals.
With this foundation for growth in place, including increasing investments in the sales organization, Glenn will align his new role with the continued execution of ViryaNet's strategic plan.
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 ManagementTM, 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, North America's largest auto insurer and 5 of the top 10 Australian water utilities 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, Israel and Australia. For more information visit our website, our blog, 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 Ltd. as of the date hereof, and ViryaNet Ltd. 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 the Company's products, risks associated with a slow-down in the economy, risks associated with the financial condition of the company'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 Form 20-F, filed on July 15, 2011, 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 our 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