Agent of Change to Focus on Process Improvements, Customer Satisfaction
Southborough, MA - September 18, 2007 - ViryaNet Limited (Other OTC:VRYAF.PK), a leading provider of software applications that automate business processes for mobile workforce management, today announced the appointment of Debra M. Brucato as Vice President, Professional Services. In her role, Debra will oversee the creation and delivery of professional services solutions to ViryaNet's customers worldwide.
Ms. Brucato, who has in-depth knowledge of professional services strategy and execution, will focus on improving the processes and developing the business associated with operations analysis, consulting services, project management, strategic planning, solution architecture, and project delivery. Debra will draw on her broad business and systems background to ensure that ViryaNet's mobile workforce management solutions support customers' goals of operational excellence.
Ms. Brucato possesses over 17 years of leadership experience in the software industry, managing software development, implementation projects, and business strategy execution. Most recently, she managed the development and professional services activities for W.A. Wilde Company, a leading solutions provider for the marketing industry.
"Debra's blend of business skills, software expertise, and delivery knowledge will be key in allowing us to continuously improve our methodology and ensure successful implementations," said Jeff Oskin, COO, ViryaNet. We welcome her to the executive team.
About ViryaNet
ViryaNet provides packaged industry solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in operational excellence. ViryaNet's solutions specialize in the functions of scheduling and dispatching resources and enabling mobile field communication. Embedding industry best practices and utilizing a powerful workflow engine, web architecture, and visibility suite, the ViryaNet solutions allow companies to outperform their
competition, better the customer experience, improve financial performance, and address regulatory compliance. ViryaNet possesses a 20-year history in the field service space, a vast number of customers across a variety of industries, and strong partnerships with leading platform and system integration companies. Headquartered in Southborough, MA, ViryaNet enjoys a worldwide presence with offices and customers located in North America, Europe, and the Pacific Rim. For more information,
visit
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 August 29, 2007, 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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