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Veramark Releases Next-Generation Telecom Management Software

VeraSMART(R) 10.4 Features Enhanced Capabilities for Mobility Management and Commitment Tracking

ROCHESTER, NY -- (Marketwire) -- 03/27/13 -- Veramark Technologies, Inc. (OTCQB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has announced the release of VeraSMART® 10.4, the company's latest version of its integrated telecom management software. VeraSMART 10.4 features a host of new and enhanced capabilities designed to help customers more effectively manage their telecom environment and expenses.

"VeraSMART is the technology that enables high levels of productivity, both for our customers and for our employees," said Tom McAlees, Veramark's Senior Vice President of Technology. "Version 10.4 includes a number of enhancements, especially in the management of wireless expenses -- the fastest-growing portion of telecom spend for most organizations."

VeraSMART includes capabilities for invoice, inventory, contract, and usage management for both mobile and fixed-line telecom. Enhancements for mobile include better, easier-to-use analytical tools for monitoring trends and identifying zero-use devices, missing discounts, and unexpected charges on every wireless invoice.

"VeraSMART automates telecom management processes that otherwise can be very distracting for executives with better things to do," said Tony Mazzullo, President and CEO. "Veramark is continuously investing in the processes, technology, and talent that enable us to eliminate distractions and simplify telecom management for our customers."

Over the last three years, Veramark has steadily expanded its capabilities and TEM customer base. Veramark's recent expansion of its Atlanta Operations Center reflects the company's growing TEM services business. As a recognized leader in the TEM market, Veramark is one of only six independent U.S.-based companies included in Gartner's 2012 Magic Quadrant for TEM Report.

For more information about VeraSMART and Veramark telecom management services, visit Veramark on the Web at www.veramark.com.

About Veramark Technologies, Inc.
Veramark eliminates telecom distractions for performance-driven organizations that demand value from their communication investments. Our solutions leverage the power of intuitive technology and problem-solving people to simplify telecom management and convert complex data into actionable intelligence. We ensure that our customers need what they buy, buy what they need, and pay what they should for telecom. Veramark is one of only six independent U.S.-based TEM companies included in Gartner's 2012 Magic Quadrant for Global TEM Report. Veramark is trusted by more than 3,000 organizations 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.

Andrew Tempest
Director of Marketing
Tel: 585.383.6883
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