ViryaNet Launches Performance Management Practice to Complement Its Mobile Workforce Management Solu

ViryaNet Launches Performance Management Practice to Complement Its Mobile Workforce Management Solution

Guiding Service Organizations on the Path to Continuous Improvement and Success

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- ViryaNet Limited (VRYAF), a leading provider of software solutions that optimize and allow for the continuous improvement of service processes for mobile workforces, announced today that it has launched the ViryaNet Performance Management practice to complement its mobile workforce management solution and advance customers' ability to achieve their business goals.

Service organizations are under constant pressure to provide better customer service and improve efficiency. Without the visibility into performance data as the basis to conduct in-depth analysis or the tools to drive change, these service organizations find it difficult to apply corrective actions to unmet business goals or to continuously improve.

ViryaNet's innovative approach integrates a Performance Management practice with the full lifecycle of ViryaNet G4, its mobile workforce management solution. The ViryaNet Performance Management practice consists of both a methodology and a product with hundreds of out-of-the-box key performance indicators (KPIs), charts, and dashboards. Through our Performance Management practice, we work with service organizations to translate their business goals into respective business questions and related KPIs, provide balanced views via dashboards, and align business processes and policies with those goals. Driven by data collection, analysis and visualization, we help service organizations to continuously measure results against goals, identify root causes of problems, and suggest potential corrective actions. This integrated approach ensures your mobile workforce management deployment meets your service organization's current and future business goals in a cost-effective way.

In addition, ViryaNet helps service organizations establish or expand a Performance Management practice that promotes a performance management culture which highlights the importance of data, the ongoing effort to improve, and the involvement of all stakeholders - from managers to field technicians - in the performance management process.

"We are offering value to executives and operational managers who are concerned about improving workforce performance and customer satisfaction," stated Debra Brucato, Vice President, Strategic Initiatives, ViryaNet, "By providing direct visibility to accurate data and monitoring the most significant KPIs, customers can empower their team and help them make better decisions."

"To help our customers attain the maximum benefits of ViryaNet G4, we focus on an integrated approach," said Memy Ish-Shalom, President and CEO, ViryaNet. "This approach consists of a Performance Management practice and an innovative product, so that our customers can realize ongoing business improvements through the ability to implement change, enable differentiation, and provide for continuous improvement."

About ViryaNet

ViryaNet delivers mobile workforce management solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in measurable business benefits. ViryaNet's products, pre-packaged solutions and people are recognized within the industry as innovative which in turn enables its' customers to be viewed as leaders within their respective industries. ViryaNet's G4 products specialize in the functions of scheduling and dispatching resources and enabling mobile field communication and are delivered in industry specific configurations. Embedding industry best practices and utilizing innovative technologies like ViryaNet's BPM Blueprint for Mobile Workforce Management™, Microsoft InfoPath® and device agnostic mobile solutions enable ViryaNet's products to be rapidly deployed and extended to support virtually any business process across a wide range of industries. ViryaNet is proud to call many of the world's leading utilities, the United States' largest pure rural telecommunications firm, the supermarkets' most respected retailer, and North America's largest auto insurer as customers. ViryaNet has strong partnerships with leading platform and system integration companies that enable it to have a global presence. Headquartered in Westborough, MA, ViryaNet has additional offices in the United States and Israel. For more information visit our website or follow us on twitter.

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 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 as of the date hereof, and ViryaNet 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 ViryaNet's products, risks associated with a slow-down in the economy, risks associated with the financial condition of ViryaNet'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 annual report on Form 20-F, filed on May 14, 2012, and the other reports filed by ViryaNet 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 its 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.

ViryaNet, Ltd
Dolores Fallon, 508-490-8600, ext 5917

KEYWORDS:   United States  North America  Massachusetts


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