SOUTHBOROUGH, MA - June 17, 2008 - ViryaNet Limited (OTC BB: VRYAF.OB), a leading provider of software applications that automate business processes for field service management, today announced the availability of a new on-demand, rich-media training offering that will increase the quality, consistency, and world-wide accessibility of ViryaNet's training programs and improve the adoption of ViryaNet's products by end-user customers.
The on-demand, rich-media training offering was developed by Millburn, NJ-based Raskin Associates, an industry leader in media presentation technology for corporate communications and training. ViryaNet has entered into a re-seller agreement with Raskin, allowing ViryaNet to embed the rich-media offering into its products as well as market and sell the offering to existing customers, new customers, and partners.
On-demand, rich-media is content derived from audio, video, graphics, business documents, and other sources, and is created specifically for use in business applications. Presented either locally or over the Internet, on-demand, rich-media training significantly improves audience focus and retention, thereby improving training performance. The flexibility of on-demand rich media training enables users to learn on their own schedule, at their own pace.
"Given the cost and impact in moving resources from one site to another, on-demand, rich-media training offers our customers the opportunity to train wherever the resources are," commented Jeff Oskin, ViryaNet COO. "Our customers use our applications to optimize travel for all their work, and now we can offer that same type of efficiency for training as well."
A recent implementation and extension of the ViryaNet product at a provider of network-neutral interconnection and co-location services included on-demand rich media training for hundreds of widely dispersed users. This rich-media training, created for on-demand viewing and listening, resulted in lower costs on a per-viewer basis than traditional models of web conferencing services or on-site training meetings.
"Forward-looking companies are weaving rich-media technologies into the fabric of their organizations and integrating them directly into their mission-critical business processes," stated Phil Raskin, President and Founder, Raskin Associates. "We are pleased to enter into this reseller relationship with ViryaNet."
ViryaNet is committed to providing market-superior products as well as helping its customers and partners quickly realize the value of these products through state-of-the-art training. On-demand, rich-media is a key piece of our strategy moving forward, and will provide ViryaNet significant differentiation in the market as customers realize faster return on investment.
About Raskin Associates
Raskin Associates, recognized as a pioneer and leader in on-demand rich-media solutions, is a full service digital media production company. With a history of award-winning projects for its Fortune 100 clients in 37 countries around the globe, Raskin Associates specializes in the development of performance driven solutions for business communication worldwide.
Since its inception, Raskin Associates has consistently been the state-of-the-art creative resource for content creation, presentation development, web applications, database development, 2D and 3D animations and digital video production solutions. Specializing in making the perfect match between client communication needs and leading edge technology, Raskin Associates provides its clients with exceptional competitive advantages as well as opportunities for significant cost savings and revenue
generation. Using its trademarked and proprietary Presentation-on-Demand(TM )multimedia delivery platform, the inclusion of social networking, focused search, demographically- adapted practices and other emerging technologies; Raskin's intuitive, rich media applications emphasize interactivity, stimulate learning, promote insight and encourage collaboration.
In partnership with its clients, Raskin Associates provides a rich-media platform ideally suited for training, HR support, marketing, public relations, consumer and professional education and a wide range of other corporate communication needs. Headquartered in Millburn, New Jersey, Raskin Associates supports a worldwide client network. For more information, please go to: www.presentation-on-demand.com.
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.
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