Veramark Technologies
 | |
| Public | |
| Traded as | OTCQB: VERA |
| Industry | Software and managed services for Telecom Expense Management |
| Predecessor | MOSCOM Corporation |
| Founded | January 1983 |
| Founder | Albert J. Montevecchio |
| Headquarters | Henrietta, New York |
Area served | United States, Canada |
Key people | Tony Mazzullo, President and CEO |
| Products |
VeraSMART Telecom Expense Management Suite VeraSMART Call Accounting Software |
| Services | Managed and professional Telecom Expense Management services |
| Revenue |
 US$13.165 million (2010)[1] |
|
US$0.561 million (2010)[1] | |
|
US$0.611 million (2010)[1] | |
| Total assets |
US$12.873 million (2010)[1] |
| Total equity |
US$0.442 million (2010)[1] |
Number of employees |
95 (2010)[1] |
| Website |
www |
Veramark Technologies, Inc. provides services and software for Telecom Expense Management and call accounting.[2] The company "specializes in controlling telecom expenses by managing a company's voice, data, and wireless services through a combination of auditing, consulting and software".[3]
Veramark, originally known as MOSCOM Corporation, was founded in 1983.[4] Veramark is a publicly traded company under the stock symbol VERA.PK.
In 2001, the company sold all the rights for the VeraBill product line, a mediation, provisioning and billing solution for wireline and wireless mid-size carriers, to Mind CTI Ltd. for US$ $1 million.
The company acquired the enterprise TEM and consulting businesses of Source Loop LLC, a Georgia-based telecom service provider, in June 2010.[5] In September 2010, the company moved into 23,000 feet of new office space at Eagle's Landing Business Park in Henrietta, New York.[6]
In a September 2010 State of the Industry Report published by AOTMP, Veramark was ranked among the top 25 suppliers of TEM and Wireless Mobility Management solutions.[7]
| Name | Tenure |
|---|---|
| Albert J. Montevecchio | January 1983 – July 1997 |
| David G. Mazzella, Jr. | July 1997 – December 2007 |
| Anthony C. Mazzullo | January 2008 – present |
Products and services
- Veramark TEM services include licensed software deployments, hosted Software-as-a-Service (SaaS) agreements, and fully managed services.[2]
- The VeraSMART Telecom Expense Management software suite includes capabilities for managing contracts and sourcing, ordering and provisioning, invoices and disputes, inventory, usage, and process automation.[8]
- VeraSMART eCAS Call Accounting Software has been rated compliant with Release 6 of the Avaya Communication Server IP PBX[9]
References
- 1 2 3 4 5 6 Veramark Technologies, Incorporated (2010-03-29), FORM 10-K for the Fiscal Year Ended December 31, 2010, Washington, D.C.: U.S. Securities and Exchange Commission, File 000-13898, film 11717850, retrieved 2011-03-30
- 1 2 "Veramark Technologies". New York Times/Business/Companies. Retrieved 2010-10-15.
- ↑ Rochester Democrat & Chronicle, "Veramark Stresses Software Innovation", July 5, 2008
- ↑ MOSCOM Corporation (1995-03-29). "Form 10-K for the fiscal year ended December 31, 1994". Washington, D.C.: Securities and Exchange Commission. Retrieved 2010-12-07.
MOSCOM was incorporated in New York in January 1983 and reincorporated in Delaware in 1984.
- ↑ Rochester Business Journal, "Veramark Buys Expense Management Firm", June 18, 2010
- ↑ Rochester Democrat & Chronicle, "Eagle's Landing Office Building Adds Two Major Tenants", September 25, 2010
- ↑ "AOTMP State of Industry Report Reveals Top 25 TEM/WMM Suppliers for 2010 as Ranked by Customers". PR Newswire. 2010-09-30. Retrieved 2010-10-15.
- ↑ "Veramark Technologies In (VERA:OTC BB)". BloombergBusinessweek/Information Technology Sector/Software Industry. Retrieved 2010-10-15.
- ↑ "Veramark Solution Now Rated Avaya Compliant". International Business Times Online. 2010-08-10. Retrieved 2010-10-15.