Viryanet

Company Overview

Snapshot

Founded in March 1988, Viryanet operated with 51–200 employees. The company was acquired by Verisae in June 2014, marking a significant exit in its operational history.

Business overview

Viryanet, now part of Verisae, developed productivity solutions for field-service organizations. The company specialized in building scheduling and dispatch solutions, facilitating mobile field communication for customers across various industries, including utility, telecommunications, manufacturing, retail, insurance, medical, and general field services. Its web-based solutions optimized the entire lifecycle of field-service operations, from work order creation and personnel dispatch to equipment tracking, inventory management, and real-time reporting. Viryanet utilized technologies like its Blueprint for Mobile Workforce Management and Microsoft InfoPath to enable rapid deployment and support diverse business processes.

Strategic signal

In June 2014, Viryanet was acquired by Verisae for $19 million. This acquisition provided a clear exit for investors and integrated Viryanet's mobile workforce management capabilities into a larger entity, signaling a consolidation within the field service management software market.

Company Intelligence Q&A

When was Viryanet acquired and by whom?

Viryanet was acquired by Verisae in June 2014.

What was the acquisition amount for Viryanet?

Verisae acquired Viryanet for $19 million in June 2014.

Which investors participated in Viryanet's December 2002 funding round?

In December 2002, Viryanet received funding from SFK and GE Capital.

Which investors participated in Viryanet's September 2001 funding round?

In September 2001, Viryanet received funding from Star Ventures and GE Capital.

What is Viryanet's primary focus in terms of solutions?

Viryanet focuses on providing mobile workforce management solutions, including scheduling and dispatch tools for field-service organizations.