SOURCE: Veramark Technologies, Inc

Veramark Technologies, Inc.

September 08, 2010 08:00 ET

Veramark Relocating Headquarters to State-of-the-Art Facility

Telecom Expense Management Provider Looks Forward to Improved Work Environment and Lower Costs in New Henrietta, NY Office

PITTSFORD, NY--(Marketwire - September 8, 2010) -  Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has announced that it will be moving its corporate headquarters from its current location in Pittsford, NY, to a new facility four miles away in Henrietta, NY. The move is anticipated to take place September 25, 2010.

The new Veramark headquarters will be in Building 1 of the Eagle's Landing Business Park, located at 1565 Jefferson Road, Rochester, NY, 14623. They will contain 22,878 square feet of space. The interior of the new facility has been designed to meet Veramark's specifications. The layout of offices, conference rooms, cubicles, and public space is designed to create an optimal work environment for the company's software and services business.

"Veramark has been in its current location for 15 years, and it simply doesn't fit our needs anymore," said Tony Mazzullo, Veramark President and CEO. "The open environment will encourage teamwork and collaboration, boost productivity, and help our employees serve our customers more effectively. And because the facility is more efficient, we expect to save approximately $150,000 per year on facilities cost as compared to costs of our current facility."

Veramark is a leading provider of software and services that help organizations reduce their telecom expenses and streamline related business processes. The new facility will accommodate all Rochester-based employees, including software engineering, marketing, sales, customer services and support, and information technology teams. Spare cubicles and offices will be available for use by visiting remote employees, guests, and will provide room to grow.

By allowing Veramark to cut energy consumption, the new facility will help the company continue to expand its green initiative, which has been a high priority in recent years. In 2009 alone, Veramark was able to:

  • Reduce electric use by 23.8%
  • Reduce natural gas use by 5.9%
  • Recycle 3913 pounds of electronic waste
  • Donate 60 PCs and monitors to a local organization for reuse by disadvantaged families in the community

"Veramark was selected as One of the Best Places to Work for in New York in 2010," said Mazzullo. "In our bright, efficient and airy new office, it's going to be an even better place to work."

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor 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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