SOURCE: Viyya Technologies, Inc.

May 25, 2005 07:00 ET

Viyya Technologies Announces the Acquisition of WISE Learning Solutions

WEST CALDWELL, NJ -- (MARKET WIRE) -- May 25, 2005 -- Viyya Technologies, Inc. (OTC: VYON), a technology company that has developed and is currently marketing one of the most advanced, web-based information management applications, announced today that it has signed a Transaction Agreement to acquire WISE Learning Solutions, Inc. in a stock and cash purchase. WISE, when combined with Viyya Technologies, Inc., creates sizable revenues and profits, as well as strong business partnerships that can be leveraged into new sales opportunities. The actual purchase price for WISE was not disclosed by the company at this time.

WISE Learning Solutions provides web-based security awareness training required by regulatory compliance initiatives and mandated by new laws such as HIPPA, Gramm-Leech-Bliley, NERC, and the Sarbanes-Oxley Act. In the past six months, WISE Learning Solutions has had individual corporate license sales of over 50,000 licenses to Fortune 100 companies and state and local governments.

Under the terms of the acquisition, WISE will function as a wholly owned subsidiary of Viyya Technologies, Inc. As such, the VIYYA™ and WISE product lines will continue to deliver to their existing markets and immediately begin blending components of their respective technologies.

The first example of the VIYYA™ and WISE blended technologies will be displayed mid June in Myrtle Beach at the Techno-Security Conference. The joint collaboration will be a portal specifically designed to the needs of today's Chief Security Officer (CSO) or Chief Information Security Officer (CISO), providing critical information for security and compliance issues customized for each Security Officer.

According to John Bay, CEO of Viyya Technologies, "This is a major turning point for the company because this acquisition clearly represents an accretive condition for Viyya and for shareholder value. WISE is well positioned in the corporate marketplace, with excellent leadership and a highly regarded industry expert in Tom Welch."

Tom Welch, president of WISE, said, "The opportunity to join forces with Viyya achieved our goal of becoming part of a public company and partnering with a respected industry veteran in John Bay. As partners, we are committed to making our companies stronger than ever."

About Viyya Technologies, Inc.:

Viyya Technologies is a technology company that has developed and is currently marketing one of the most advanced, web-based information management applications for use in the home, in the office and while traveling. The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, e-mail and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA™ gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information and have the information processed into notifications, daily reminders, newspapers, or archived for future use.

Viyya Technologies trades on the Pink Sheets under the ticker symbol VYON. For additional company information, please visit http://www.viyya.com or contact Viyya Technologies at 973-226-6646. For investor relations information, please contact Jesus Rodriguez at 305-776-4535.

About WISE Learning Solutions, Inc.

The WISE series provides a scalable solution to fit the training needs of today's public and private sector environment concerning security threats on their operations. It is a Standards-based training program that encompasses the power of the Internet and multimedia technologies to educate the employee on threats within the enterprise. For additional company information, please visit http://www.wiselearningsolutions.com or contact WISE Learning Solutions at 973-702-7989.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Viyya Technologies disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.

Contact Information

  • For investor relations information, please contact:
    Jesus Rodriguez
    305-776-4535