ViryaNet Limited (VRYAF), a leading provider of software solutions that optimize the planning, execution, and monitoring of service processes for mobile workforces, announced today that Vectren Energy Delivery has expanded use of the ViryaNet mobile workforce management solution to its Construction, Maintenance and Compliance (CMC) group. Vectren seeks to optimize all available work teams, regardless of work type or work duration and to improve the dispatch, scheduling, and management of field work orders. The ViryaNet solution can handle both short-cycle service work and longer, more complex work types. With ViryaNet’s technology, Vectren can right-size the work, getting the right crews to the right work at the right time. In addition, field technicians from Vectren’s Meter Order Management (MOM) group are leveraged, crossing over to the CMC group. Just two months after launch, Vectren is already seeing improvements in its short-duration compliance work. Expanding the use of ViryaNet’s mobile workforce management solution to Vectren’s CMC group means scheduling 500 field technicians with 80% of work order volume now scheduled automatically – a huge relief for Vectren’s dispatchers. “We’re right-sizing work for our CMC crews which is the same kind of success we saw with ViryaNet’s solution for our MOM group,” said Jon Luttrell, Vice President, Information Technology and Customer Service, Vectren Corporation, “We’re always evaluating and quantifying what we do. We have a lot of history with ViryaNet’s technology and understand its ability to drive efficiencies. Initial results are favorable as expected and indicate we can achieve our anticipated efficiency improvements.” For Vectren, this project begins a 3-phased approach to consolidate its mobile environments, specifically around the scheduling, delivery and completion of complex work types. “ViryaNet continuously focuses on enabling our customers to realize more business value,” said Memy Ish-Shalom, President and Chief Executive Officer, ViryaNet, “With ViryaNet’s technology and through an ongoing performance measurement practice and methodology, Vectren has been able to improve efficiency and reduce costs for its service organization. We look forward to Vectren’s continued success with the ViryaNet solution.”
About VectrenVectren Corporation (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind. Vectren’s energy delivery subsidiaries provide gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren’s nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services, energy services, coal mining and energy marketing. To learn more about Vectren, visit www.vectren.com. 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, follow us on twitter or call us: 800-661-7096. 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.