| Veramark Technologies, Inc. | |
| Type: | Public |
| Traded As: | OTCQB VERA |
| Predecessor: | MOSCOM Corporation |
| Successor: | Calero |
| Foundation: | January 1983 |
| Founder: | Albert J. Montevecchio |
| Location: | Henrietta, New York |
| Area Served: | United States, Canada |
| Key People: | Tony Mazzullo, President and CEO |
| Industry: | Software and managed services for Telecom Expense Management |
| Products: | VeraSMART Telecom Expense Management Suite VeraSMART Call Accounting Software |
| Services: | Managed and professional Telecom Expense Management services |
| Revenue: | US$13.165 million (2010) |
| Operating Income: | US$0.561 million (2010) |
| Net Income: | US$0.611 million (2010) |
| Assets: | US$12.873 million (2010) |
| Equity: | US$0.442 million (2010) |
| Num Employees: | 95 (2010) |
Veramark Technologies, Inc. provided services and software for Telecom Expense Management and call accounting.[1] The company "specialized in controlling telecom expenses by managing a company's voice, data, and wireless services through a combination of auditing, consulting and software".[2] Veramark, originally known as MOSCOM Corporation, was founded in 1983.[3]
In 2001, the company sold all the rights for the VeraBill product line, a mediation, provisioning and billing solution for wireline and wireless mid-size carriers, to Mind CTI Ltd. for US$ $1 million.
The company acquired the enterprise TEM and consulting businesses of Source Loop LLC, a Georgia-based telecom service provider, in June 2010.[4] In September 2010, the company moved into 23,000 feet of new office space at Eagle's Landing Business Park in Henrietta, New York.[5]
In a September 2010 State of the Industry Report published by AOTMP, Veramark was ranked among the top 25 suppliers of TEM and Wireless Mobility Management solutions.[6] In December 2013, Veramark Technologies merged with PINNACLE and Movero to form Calero.[7]
| Name | Tenure | |
|---|---|---|
| Albert J. Montevecchio | January 1983 – July 1997 | |
| David G. Mazzella, Jr. | July 1997 – December 2007 | |
| Anthony C. Mazzullo | January 2008 – 2013 |