Avnet Technology Solutions Broadens Its IP Telephony Portfolio with Veramark

Business Wire, Oct 8, 2007

Veramark Call Accounting and Enterprise Telemanagement Software Complement Avaya IP Telephony Solutions

TEMPE, Ariz. -- Avnet Technology Solutions, a value-added distributor of enterprise computing products, embedded subsystems, software and services, and an operating group of Avnet, Inc. (NYSE:AVT), today announced a U.S. distribution agreement with Veramark Technologies, Inc. (OTCBB:VERA), a leading manufacturer of call accounting and enterprise telemanagement solutions. Veramark's broad range of telecommunications cost management systems complement communications applications, hardware, software and services currently available from Avnet, such as Avaya IP telephony solutions.

"Avnet is building our IP telephony solutions for channel partners by selecting technology vendors based on their ability to work across multiple platforms, and support a wide variety of market segments," said Jack Morris, vice president, Avnet Technology Solutions, Americas, Technology & Market Solutions group. "Veramark's innovative telecommunications applications have set the industry standard for call accounting software, and serve both the SMB and enterprise space. Avnet's partners will be able to offer their customers an IP telephony solution that not only reduces their costs, but also improves security, increases their telecommunications capabilities and enhances productivity."

Veramark produces a broad range of telecommunications cost management systems for users of IP-based and circuit-switched private branch exchange (PBX) networks. Its web-based telecommunications software is designed for ease of use and features extensive reporting tools that enable businesses to reduce telecommunications costs. By combining Veramark's technology with Avaya's IP telephony solutions, Avnet is providing a wider opportunity for its partners to increase their telecomunications sales. The unique combination of communications applications, hardware, software and services can help companies simplify complex communications and work with existing technologies from other vendors, enabling customers to unlock the value and potential of their networks.

"By embedding communications into the business processes of an enterprise, Avnet's partners can help their customers improve productivity and reduce telecommunications costs," said Patrick Ryan, vice president of sales at Veramark Technologies, Inc. "Avnet's strength in cross-platform solutions supports Veramark's goal of offering our products as a part of a complete IP telephony solution. Their channel partners are experts in telephony market, and know how to solve complex business problems with innovative technology solutions."

Veramark's technology will be supported by Avnet's Technology & Market Solutions group, which is chartered with developing new high-growth opportunities for Avnet's partners. The program is a foundational element of Avnet's strategy to assist and enable partners to develop new solution practices, which accelerate their time to profits while minimizing risks and costs.

"We look at the IP telephony market as an opportunity for exponential growth for our business," said David Meier, vice president of sales, vTechnologies, Inc. "Our customers are making significant technology and infrastructure investments as they evolve their voice networks to IP telephony. By working with Avnet, we are able to offer a complete solution that includes specialized applications such as Veramark's, plus complementary technologies from the leaders in the industry."

About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Avnet, Inc. (NYSE:AVT) representing US$6 billion in annual revenue for fiscal year 2007, with locations in more than 30 countries. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. Visit www.ats.avnet.com.

About Avnet

With more than 300 locations serving customers in 70-plus countries worldwide, Avnet markets, distributes and adds value to the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Additionally, Avnet brings a breadth and depth of service capabilities, such as supply-chain optimization, logistics solutions, product assembly, device programming, computer system integration and engineering design assistance. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. Visit www.avnet.com/.> About Veramark Technologies, Inc.

Veramark's completely web-based software architecture integrates communications management software with operational support systems (OSS) software. These solutions include eCAS([R]) Call Accounting and VeraSMART([R]) Enterprise Communications Suite. VeraSMART offers a variety of integrated modules including: Call Accounting, Allocation Management, Invoice and Telecom Expense Management, Work Order, Online Ticket Manager, Asset and Inventory Management, Online Directory, and EZ-Share([R]).