Veramark Technologies

Veramark Technologies, Inc. provided services and software for Telecom Expense Management and call accounting.^[2] 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".^[3]

Headquarters in Henrietta, New York

Veramark Technologies, Inc.

Company type	Public
Traded as	OTCQB: VERA
Industry	Software and managed services for Telecom Expense Management
Predecessor	MOSCOM Corporation
Founded	January 1983
Founder	Albert J. Montevecchio
Successor	Calero
Headquarters	Henrietta, New York
Area served	United States, Canada
Key people	Tony Mazzullo, President and CEO
Products	VeraSMART Telecom Expense Management Suite VeraSMART Call Accounting Software
Services	Managed and professional Telecom Expense Management services
Revenue	US$13.165 million (2010)[1]
Operating income	US$0.561 million (2010)[1]
Net income	US$0.611 million (2010)[1]
Total assets	US$12.873 million (2010)[1]
Total equity	US$0.442 million (2010)[1]
Number of employees	95 (2010)[1]
Website	www.calero.com

Veramark, originally known as MOSCOM Corporation, was founded in 1983.^[4]

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.^[5] In September 2010, the company moved into 23,000 feet of new office space at Eagle's Landing Business Park in Henrietta, New York.^[6]

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.^[7] In December 2013, Veramark Technologies merged with PINNACLE and Movero to form Calero.^[8]

Chief executives

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 TEM services included licensed software deployments, hosted Software-as-a-Service (SaaS) agreements, and fully managed services.^[2]
• The VeraSMART Telecom Expense Management software suite included capabilities for managing contracts and sourcing, ordering and provisioning, invoices and disputes, inventory, usage, and process automation.^[9]
• VeraSMART eCAS Call Accounting Software has been rated compliant with Release 6 of the Avaya Communication Server IP PBX.^[10]