Veramark Technologies
| Company type | Public |
|---|---|
| Industry | Telecommunications, Software |
| Predecessor | MOSCOM Corporation |
| Founded | 1983 |
| Defunct | 2013 |
| Fate | Merged with PINNACLE and Movero to create Calero |
| Headquarters | Henrietta, New York , United States |
Key people | Albert J. Montevecchio (CEO, 1983–1997), David G. Mazzella, Jr. (CEO, 1997–2007), Anthony C. Mazzullo (CEO, 2008–2013) |
| Products | Telecom Expense Management software and services, VeraSMART Telecom Expense Management suite, VeraSMART eCAS Call Accounting Software |
Number of employees | 95 (2010) |
Veramark Technologies, Inc. was a company specializing in Telecom Expense Management (TEM) alongside call accounting software and related services, dedicated to optimizing telecommunications costs by overseeing voice, data, and wireless services through auditing, consulting, and software tools.
Initially established in 1983 under the name MOSCOM Corporation, Veramark divested its VeraBill product line—a mediation, provisioning, and billing platform designed for mid-sized wireline and wireless carriers—to Mind CTI Ltd. for $1 million in 2001.
In June 2010, Veramark broadened its scope by acquiring the enterprise TEM and consulting divisions of Source Loop LLC, a telecom service provider based in Georgia. Subsequently, in September of the same year, the company moved into a new 23,000-square-foot office located at Eagle's Landing Business Park in Henrietta, New York.
By the year 2010, Veramark reported revenues totaling $13.165 million, with operating income reaching $0.561 million and net income amounting to $0.611 million. The workforce consisted of 95 employees, and the company’s total assets were valued at $12.873 million.
According to AOTMP's 2010 State of the Industry Report, Veramark was recognized as one of the top 25 providers in the TEM and Wireless Mobility Management sectors. In December 2013, it merged with PINNACLE and Movero to create Calero.
| Name | Tenure |
|---|---|
| Albert J. Montevecchio | January 1983 – July 1997 |
| David G. Mazzella, Jr. | July 1997 – December 2007 |
| Anthony C. Mazzullo | January 2008 – 2013 |
Products and services
- Veramark’s TEM solutions encompassed licensed software, hosted Software-as-a-Service (SaaS), as well as comprehensive managed services.
- The VeraSMART Telecom Expense Management suite facilitated management of contracts, sourcing, ordering, provisioning, invoicing, dispute resolution, inventory control, usage tracking, and process automation.
- VeraSMART eCAS Call Accounting Software received certification for compliance with Release 6 of the Avaya Communication Server IP PBX.