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Veramark Wins Large Municipal Government Order for VeraSMART

Posted on: Monday, 4 June 2007, 09:00 CDT

Veramark Technologies, Inc. (OCTBB: VERA) today announced receipt of a significant order from a large municipal government.

The city purchased EZ-Share, Online Directory, Call Accounting, Invoice Management, and Allocation modules of the VeraSMART Communications Management Suite. Along with VeraSMART's EZ-Share middleware solution, the city will use the Invoice Management and Allocation modules to accurately account for over 10,000 items of telecom-related inventory, manage multiple invoices from various vendors, and appropriately allocate costs across the city departments. The Call Accounting module will be used to manage the city's 10,000 extensions across five locations; two Cisco Call Manager switch sites; and three Fujitsu switch sites to collect approximately two million call records per month. Also, the city purchased VeraSMART's Online Directory enabling all city employees to easily search and access employee and other contact information.

The VeraSMART solution was chosen for its robust functionality, ability to handle massive amounts of data, flexibility, ease of use, and seamless integration between its modules and other systems.

About Veramark Technologies, Inc.

For over 20 years, Veramark's telemanagement solutions have set the industry standard for technological excellence, application experience, and process expertise. Veramark's completely web-based software architecture integrates communications management software with operational support systems (OSS) software. These solutions include eCAS and VeraSMART Call Accounting, Telemanagement, Work Flow Management, Help Desk/Trouble Ticket, Asset Management, Directory/Information Management, Service Inventory Build and Line Verification, Service Analysis and Recommendations, Wireless Optimization and Ongoing Management, Contract Analysis/Negotiations, and Billing Dispute Resolution.

This broad portfolio of products and services allows enterprises to optimize network performance, increase productivity, improve enterprise security, and measurably reduce communications expenses. By utilizing industry-standard databases, secure web-browser based user interfaces, and dynamic reporting tools, Veramark's products and services make managing complex communications networks easy and efficient. Veramark's web-based software architecture eliminates the need for client software and makes the software accessible from every networked PC in the enterprise. In addition to Veramark's premise-based solutions, Veramark offers its customers a robust ASP and managed services alternative, ("TEM") designed to meet all or a portion of the customer's defined needs.

The company sells and markets its solutions directly and through leveraged distribution channels to customers ranging from the Fortune 500 to small businesses as well as the public sector, including government agencies and the military. Veramark's leadership position is demonstrated by its relationships with telecom's leaders - Avaya®, Nortel Networks®, Cisco Systems®, NEC Unified, AT&T Inc., Sprint® and others. All Veramark products and services are made and provided by personnel in the United States.

Veramark and VeraSMART are registered trademarks of Veramark Technologies, Inc.

All other marks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes In the marketing strategies of major distributors.

Source: Business Wire

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