Solution Provider Akili to Resell ViryaNet's Wireless WorkForce Management Solution to Telecommunications/Utilities Industry
Southborough, Mass. - November 29, 2000 - ViryaNet (NASDAQ: VRYA), a provider of wireless workforce management solutions for field service communities, today announced an expanded relationship with Akili, a systems integrator with solution expertise in the telecommunications/utilities and financial services industries. The relationship now allows Akili to resell and implement ViryaNet's wireless workforce management solution, helping ViryaNet reach its goal of extending its
penetration in the telecommunications industry. The partnership also allows both companies to work together with mutual customers such as Everest Connections and Symbol Technologies.
"This relationship builds on the existing partnership between ViryaNet and Akili, which bundled ViryaNet's workforce management technology with Akili's understanding of process, change management methodology and business case strategy for telecommunications companies," stated John Lee, vice president, telecommunications marketing, ViryaNet. "We are engaged in a number of strategic
marketing, engineering, and business development initiatives with Akili. This expanded relationship will allow ViryaNet to offer workforce solutions to additional prospects, and enable Akili to broaden its available solution offering."
John Green, vice president, telecommunications, Akili, added, "As a solutions-based provider to the telecommunications industry, we believe the partnership with ViryaNet will strengthen the total value we can provide to our customers. As a result of this partnership, many additional customers will be exposed to the benefits and capabilities of Akili's solution approach and ViryaNet's workforce
management solution. ViryaNet and Akili are committed to providing a first-rate Operational Support Systems (OSS) solution to the industry."
About Akili
Akili specializes in the strategic development and deployment of business-to-business Internet solutions in the telecom/utilities and financial industries. The company delivers scalable, enterprise-extending solutions for fast growth innovators, enabling them to capture new and retain existing customers. Founded in 1992 and an Austin Ventures portfolio company since June 1999, Akili is privately held and has
grown to more than 175 professionals based in the company's Dallas headquarters and Houston office. Akili ranked 484 on the 2000 Inc. 500 fastest-growing U.S. companies. For more information on Akili, please visit
www.akili.com or call 214-978-9700.
About ViryaNet
ViryaNet is a provider of wireless workforce management solutions for field service communities. These solutions enable field service organizations to efficiently schedule and dispatch field service personnel, capture and record logistics and labor activity, and monitor, report, and measure this activity - meeting an organization's installation, preventative maintenance, and break-fix obligations.
ViryaNet's wireless workforce management solution supports wireless devices over standard wireless networks.
ViryaNet's solutions feature application program interfaces (APIs) that allow organizations to integrate popular front- and back-office applications. ViryaNet's professional services team and implementation partners enable implementation of the Company's solutions for wireless workforce management.
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 and Exchange Act of 1934, as amended, including statements regarding ViryaNet's expectations, beliefs, intentions, or strategies regarding the future. All
forward-looking statements included in this document are based upon information available to ViryaNet Inc. as of the date hereof, and ViryaNet Inc. 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 are set forth in ViryaNet's Form F-1, as amended, declared effective by the SEC on
September 19, 2000, and the other reports filed from time to time with the Securities and Exchange Commission.