Veramark Technologies

Veramark Technologies, Inc.
Type	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]
Operating income	US$0.561 million (2010)[1]
Net income	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.com

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]

Headquarters in Henrietta, New York

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]

**Chief executives**
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]

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References

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
"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)". Bloomberg Businessweek/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.

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[2010_Form_10-K-1] 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

[Veramark_Technologies-2] "Veramark Technologies". New York Times/Business/Companies. Retrieved 2010-10-15.

[3] Rochester Democrat & Chronicle, "Veramark Stresses Software Innovation", July 5, 2008

[4] 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.

[5] Rochester Business Journal, "Veramark Buys Expense Management Firm", June 18, 2010

[6] Rochester Democrat & Chronicle, "Eagle's Landing Office Building Adds Two Major Tenants", September 25, 2010

[7] "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.

[8] "Veramark Technologies In (VERA:OTC BB)". Bloomberg Businessweek/Information Technology Sector/Software Industry. Retrieved 2010-10-15.

[9] "Veramark Solution Now Rated Avaya Compliant". International Business Times Online. 2010-08-10. Retrieved 2010-10-15.