Industry thought leaders gathered to work with their vendor on the next generation of Planning, Execution, and Monitoring Solutions from ViryaNet
Southborough,MA - June 3, 2009 - ViryaNet Limited (Other OTC: VRYAF.PK), a leading provider of software applications that optimize business processes for field service management, today announced the success of ViryaVision '09. ViryaNet's annual customer conference, held in Providence, Rhode Island, showcased customer successes with ViryaNet solutions and the announcement of the new ViryaNet G4 Product, now available.
This two day ViryaVision '09, with a theme of "Bringing Industry Leaders Together for Operational Excellence", featured industry leaders and ViryaNet staff discussing best practices, value realized, vision, and opportunities within the mobile workforce management market. In addition, ViryaNet announced G4, a modular product providing Planning, Execution, and Monitoring solutions for today's leading service organizations.
Customers, partners, and prospects from the utility, telecommunication, retail, convenience store, facilities management, and general field service markets were on hand to learn about the new G4 capabilities, witness new product demonstrations, and influence upcoming product releases from ViryaNet.
ViryaNet G4 provides various comprehensive functional components, configurable by design, to meet the on-going needs of today's service operations.
G4's Planning Module provides all the planning agility needs from strategic planning to ensure the right resources are put on staff in the right territories, through tactical planning for adjustments to the resource plan, and optimization, to ensure the right resources are assigned to the right job at the right time.
G4's Execution Module ensures your service operations stays on plan, by providing appropriate levels of automation in dispatch, freeing up your dispatch staff to proactively manage exceptions, a mobile field application providing the right information to your mobile workforce, complimented by comprehensive inventory and contract applications.
G4's Monitoring Module provides executive and operational management visibility to what has happened in your service operation as well as a real-time, proactive view into the current conditions.
"Our goal always has been to help our customers achieve operational excellence, and toward that end, attendees gained real business benefits from this event," stated Jim Robidoux, Vice President of Customer Care. "The conference was a success judging by the ratings our attendees gave us. And with our presentation of the new ViryaNet G4 components, our customers also emphatically endorsed our product direction."
More information on ViryaNet G4 is available at www.ViryaNet.com/Products.
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 September 29, 2008 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.