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Veramark Named to the Gartner 2012 Magic Quadrant for Global Telecom Expense Management

Veramark One of Only Six U.S.-Based Independent Global TEM Vendors to Be Included

ROCHESTER, NY -- (Marketwire) -- 04/30/12 -- Veramark Technologies, Inc. (OTCQB: VERA) (PINKSHEETS: VERA), a leading provider of Telecom Expense Management solutions, today announced it has been included by Gartner, Inc. in the 2012 Magic Quadrant for Telecom Expense Management (TEM).

Veramark was among the 23 companies, and one of only six U.S.-based independent global TEM companies, included in the 2012 Magic Quadrant for TEM. The selection process was based on an evaluation of each competing organization's strategic vision and ability to execute globally in both mobile and fixed expense management. There are more than 200 companies involved in TEM worldwide and over 50 were considered for the Magic Quadrant for TEM.

"Veramark's credibility in the market is growing. We have seen a remarkable 25 percent increase in new business during 2011 over the prior year," stated Tony Mazzullo, President and CEO of Veramark. "Recognition by Gartner is further evidence that we are doing the right things for our customers."

The Gartner Report opens with the summary: "For many organizations, using a TEM provider is the only cost-effective way to get the program management capabilities they need to control spending on telecom services. TEM providers also supply governance capabilities to help manage device diversity and the shift to bring-your-own-device schemes."

"Veramark understands that managing mobile and fixed-line telecom services is a distraction," said Tony. "We are committed to eliminating this distraction for busy managers who have better things to do. Our customers count on Veramark to simplify their day by handling all of their telecom management issues without creating new problems."

This is the second Magic Quadrant to review providers of global IT and process services related to TEM. For more information, visit www.veramark.com.

About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The "Gartner Magic Quadrant for Telecom Expense Management" by Eric Goodness and Phillip Redman was published March 29, 2012. For more information, visit (www.gartner.com).

About Veramark Technologies, Inc.
Founded in 1983, Veramark is a publicly traded, independent global telecommunications management company (OTCQB: VERA). Launched as a call accounting software company, Veramark has innovated forward in an era of growing reliance on costly communication devices, services, and networks. Veramark has established a legacy of guarding resources for performance-driven companies that demand value from their telecom investments.

Veramark is a recognized leader in the telecom management industry; our Veramark Value Acceleration Process™ and VeraSMART® software are used daily by over 3,300 customers around the world. For more information, visit www.veramark.com.

Veramark, and VeraSMART are registered trademarks of Veramark Technologies, Inc. MySMART and Veramark Value Acceleration Process are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

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