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MIT’s Ralph Rodriguez Joins Veramark Board of Directors

Veramark Technologies, Inc. (VERA.OB), a leading provider of Telecom Expense Management (TEM) solutions, today announced that Ralph Rodriguez, an MIT Research Fellow with over 20 years of experience in IT management and entrepreneurship, has joined the Veramark® Board of Directors.

“Telecom expense management is undergoing a dramatic evolution, harnessing new technologies and delivering new capabilities,” said Ralph Rodriguez. “We’re in the midst of a communications technology revolution, and one manifestation is the rapid growth of unified communications, with all the opportunities and challenges it presents. The need to manage the cost and complexity of converged networks is driving change across the industry. Having looked at Veramark’s strategy, technology and services capabilities, I view Veramark as a leader in the development of innovative and next-generation solutions. I am excited to have the opportunity to help Veramark lead the industry through this transformation.”

“We are thrilled to have Ralph on our board and we look forward to his contributions,” said Tony Mazzullo, Veramark President and CEO. “Like Ralph, Veramark is very focused on innovation and we think Ralph’s keen understanding of the market will be extremely valuable in helping to guide Veramark in the years ahead. Ralph’s distinguished career in technology, management and business make him uniquely qualified to help Veramark execute our strategy to be the leader in helping organizations reduce the costs associated with information technology.”

Rodriguez is an IT inventor and innovator, industry analyst and consultant, successful author and entrepreneur. He is currently an ASP Research Fellow with the Massachusetts Institute of Technology (MIT) and a Senior Fellow with the Cambridge Institute of Applied Management (CIOAM). Previous positions include Senior Vice President of Technology Research and Practice Director for the Technology Markets Group at the Aberdeen Group, CTO of Brooks Automation’s Enterprise Software Division, EVP and CIO of Excelon Corporation, and Vice President and CIO of C-bridge Internet Solutions, an MIT-based startup company focused on service oriented architecture and business process management.

Rodriguez has invented and has patents pending on a number of innovative technologies, including an advanced underwater target detection system, an artificial intelligence (AI) based security system, an enterprise database migration tool, and a real-time secure communications intercept system to deal with national security, detection and regulatory compliance of electronic messaging. He has co-authored several books on technology and the law.

Veramark’s telecom expense management solutions help organizations gain visibility into their communications networks and reduce expenses associated with their voice, data, and wireless services and infrastructure. Veramark solutions include software and services for telecom sourcing, ordering and provisioning, inventory, invoice, usage, and dispute management. The VeraSMART® Communications Management Suite, the enabling technology behind Veramark’s TEM solutions, is a Web-based, modular application platform that includes business intelligence and reporting capabilities. VeraSMART can be deployed as part of a hosted or on-premise solution.

“Ralph’s insight and depth of expertise will strengthen our ability to develop solutions that meet the changing expense management needs of our customers,” Mazzullo said. “His understanding of emerging technologies and our market will be an invaluable asset to Veramark’s leadership team as we deliver our next-generation of telecom expense management solutions and chart our course for the future.”

About Veramark Technologies, Inc.

Veramark is a leading provider of communications management solutions that help organizations gain visibility into their communications networks and reduce expenses associated with their voice, data, and wireless services and infrastructure. Veramark solutions, which include software and services for Telecom Expense Management (TEM), provide business intelligence for managing complex unified communications networks on a global scale. For more information visit www.veramark.com.

Veramark is a registered trademark of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This report 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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