iDashboards and ViryaNet Sign Partnership Agreement

Empowers Customers to Achieve Ongoing Business Value Through an Integrated Approach

WESTBOROUGH, Mass.--(BUSINESS WIRE)--ViryaNet Limited (VRYAF), a leading provider of software solutions that optimize the planning, execution, and monitoring of service processes for mobile workforces, announced today a partnership agreement to integrate iDashboards with ViryaNet G4, providing visibility into the progress of each business process and enabling customers to achieve ongoing business value.

“Through this partnership, ViryaNet customers will have the resources necessary to measure and manage their field service organizations.”

ViryaNet’s comprehensive and integrated solution includes the methodology, technology, products and services customers need to ensure their mobile workforce management deployment meets their service organization’s current and future business objectives in a cost-effective way.

With iDashboards’ visual display of data, ViryaNet customers can easily monitor, measure, and analyze data that can be used in a Performance Management framework. Real-time alerts and visual indicators drive proactive and better informed operational decisions. KPI charts and dashboards help operational and executive managers visualize and analyze field service metrics. Predictive analytics forecast future load and simulate what/if scenarios.

iDashboards is a leader in the Business Intelligence (BI) dashboard software space. Through visually rich, responsive, and personalized business intelligence dashboards, customers can analyze, track, and drill down through a wealth of information to better judge performance, predict results and take action.

“iDashboards offers the ability to monitor performance with a focus on improving efficiency,” said Shadan Malik, CEO of iDashboards. “Through this partnership, ViryaNet customers will have the resources necessary to measure and manage their field service organizations.”

ViryaNet works with customers to address business needs and analyze data for better scheduling and optimization of their mobile workforce. Using Performance Management methodologies, ViryaNet can help customers tune their business processes and planning policies to suit existing and evolving business goals.

“This partnership agreement supports ViryaNet’s understanding of the customer’s need to meet business objectives cost-effectively,” said Memy Ish-Shalom, President and CEO, ViryaNet. “Through our integrated approach, customers can achieve the best possible business value from ViryaNet’s mobile workforce management solution.”

About iDashboards
Through award-winning engineering and patented technology, iDashboards is helping organizations leverage their information assets through visually rich, real-time and personalized business intelligence dashboards. iDashboards’ global customer base consists of organizations ranging from large, Fortune 500 companies to small and medium-sized businesses, all of which are making quicker, and better, decisions with the help of iDashboards. Applications include: executive dashboards, metrics dashboards and management dashboards. The company is privately held and headquartered in Troy, Michigan. To find out more about iDashboards’ solutions, or download a free 30 trial day, visit www.iDashboards.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 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.