Southborough, Mass. - December 13, 2005 - ViryaNet, Inc. (NasdaqSC: VRYA), a leading provider of software applications for mobile workforce management and field service delivery, announced today that ViryaNet Service Hub version 8.5.1 has earned "Powered by SAP NetWeaver ® " certification from SAP. As a totally web-based software
application, Service Hub includes functionality that automates call logging, resource scheduling and dispatch, parts management, SLA compliance, bi-directional mobile communication, and integration with front- and back-end systems. Service Hub comes packaged with preconfigured best-in-class workflows for a variety of industry sectors, including utilities, telecommunications, retail facilities management, and high technology manufacturing.
Service Hub has achieved Powered by SAP NetWeaver certification for deployment on the SAP NetWeaver Application Server (SAP NetWeaver AS) and for integration of iView portal content with the SAP NetWeaver Portal . As a result of this integration, Service Hub functionality is available to users throughout the enterprise through a single sign-on capability within an SAP ® solution-based environment.
"The SAP NetWeaver platform provides a powerful development and integration platform that enables us to deliver enterprise field service solutions to a broader set of companies at the lowest total cost of ownership,"stated Nir Diskin, VP, Engineering, ViryaNet .
"We're very pleased to be offering this environment to the mutual customers of SAP and ViryaNet," stated Jack McAvoy, VP, Marketing and Corporate Communications, ViryaNet.
About ViryaNet
ViryaNet is a provider of software applications that improve the quality and efficiency of an organization’s service operations. ViryaNet’s flagship product — ViryaNet Service Hub — combines the power of the Internet, the freedom of wireless technologies, and the resources of ViryaNet’s deep service expertise to help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management.
Customers in the utility, telecommunications, grocery and retail, and other service industries use ViryaNet Service Hub to transition complex service business processes into a manageable, scalable Internet operation, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction. Visit ViryaNet at www.viryanet.com.
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 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, dated July 15, 2005, and the other reports filed 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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