Viryanet Ltd. (MM) (NASDAQ:VRYAD)
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ViryaNet (NASDAQ: VRYAD), a leading provider of software applications
that automate business processes for mobile workforce management, today
announced that the Building Commission of Victoria Australia has
purchased additional licenses to expand its use of the ViryaNet solution.
The Building Commission, located in Melbourne, is a statutory authority
that oversees the building control system in Victoria, and regulates
building practices. The Building Commission employs a talented and
diverse group of staff members who regulate the Victorian building
industry for a safe, liveable and sustainable built environment.
The Commission originally selected the ViryaNet product for its
Compliance and Conciliation Group, and now, through the acquisition of
these new licenses, will deploy the product to its Technical Services
Group.
Using ViryaNet's solutions, the Building Commission will be able to
better utilize its existing workforce, cut response times to customers,
and lower operations costs through improved communications, better
customer service, and optimized workforce productivity.
ViryaNet enables companies around the world to manage customer
interactions, schedule and dispatch its workforces, manage cases,
receive real-time reports from field engineers who use mobile
technology, unite all of the systems and applications across their
operations, and accommodate real-time business monitoring.
With this roll out, now the entire Building Commission also will use
ViryaNet’s product as its CRM tool, which will
be enable a 360 degree view of customer. In so doing, the product will
unify disparate customer data and databases into a single view of the
customer. The CRM function will allow tighter control of the Building
Commission environment and eliminate the duplicate customer data that
exists within the organization.
“The Building Commission is a perfect example
of how ViryaNet can manage the full range of service activities for many
different divisions within an organization," stated Jon Sheiman, General
Manager, Asia Pacific, ViryaNet. "The Building Commission constantly
seeks to improve its processes, and that is why it consistently achieves
such high customer satisfaction ratings."
"We are very pleased that the Commission is expanding the use of the
ViryaNet product to support its goals, promote its leadership, and
enrich the customer experience,” stated Jeff
Oskin, Chief Operating Officer, ViryaNet.
About the Building Commission
The Building Commission was established by the Building Act 1993 to
administer Victoria's building legislation system. It operates within a
national legislative framework that is administered by the Australian
Building Codes Board. The Building Commission oversees the building
control system, including the registration and regulation of building
practitioners, standards in construction and building maintenance,
protecting the health and safety of building users, and the building and
occupancy permit system. It also demonstrates industry leadership by
promoting initiatives such as sustainability and accessibility, and
continuing professional development for building practitioners. For more
information, visit www.buildingcommission.com.au
About ViryaNet
ViryaNet is a provider of software applications that improve the quality
and efficiency of an organization’s service
operations. ViryaNet’s products enable
companies in the utility, telecommunications, retail, insurance, and
general service sectors to manage and optimize mission-critical business
processes. ViryaNet’s products improve the
functions of work order management, scheduling and dispatch, business
activity monitoring, and mobile field communication. Embracing a
business process management architecture, the ViryaNet products
intelligently guide, automate, and optimize field service work –
both simple and complex. The results are improved operational
performance, a better customer experience, and a higher degree of
regulatory compliance. 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 June 30, 2006, 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.