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Veramark Announces HIPAA Security Compliance for VeraSMART 10.3 Software

Continued Focus on Privacy and Security Increases Compliance and Reduces Risk for Health Care Industry

ROCHESTER, NY -- (Marketwire) -- 06/12/12 -- Veramark Technologies, Inc. (OTCQB: VERA) (PINKSHEETS: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced that its VeraSMART® premise-deployed solutions comply with the Final HIPAA Security Rule, confirming compliance with relevant Federal Regulations and reducing risk for companies in the health care industry.

The Health Insurance Portability and Accountability Act (HIPAA) provides key guidelines for privacy and security for health care providers and other entities related to the health care industry.

"Communications is one of the most critical business functions. Veramark provides solutions that companies need for efficiently managing communications reporting and expenses. Our customers across every industry are increasingly citing security and privacy among their top critical business concerns," said Tony Mazzullo, Veramark's CEO and President. "In November 2011, we met the SSAE 16 (formerly SAS70) accreditation for the organization, demonstrating established controls (policies and procedures). Our growing set of security and privacy certifications and evaluations demonstrates our commitment to meeting those security and privacy needs for Call Accounting, Wireless Call Accounting, and Telecom Expense Management."

An independent security testing firm evaluated the VeraSMART application for HIPAA compliance and verified that it meets the criteria for pertinent technical mechanisms for software applications. The evaluation determined that other areas of the VeraSMART life cycle also meet the Administrative Safeguards requirements.

"Establishing HIPAA Security Compliance gives our customers in the health care and related industries yet another reason to trust Veramark to deliver solutions that meet key business operational reporting and expense management needs without becoming a headache or distraction," said Mazzullo.

Veramark customers can request that their VeraSMART 10.3 upgrade include the HIPPA-compliant license at no incremental charge to the base software licenses.

About Veramark Technologies, Inc.
Founded in 1983, Veramark is a publicly traded, independent global telecommunications management company (OTCQB: VERA) (PINKSHEETS: 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; the 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.

Contact:
Rob Tyler
Senior Marketing Technical Writer
Tel: 585.383.6894
eMail: Email Contact

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