August 23, 2010
Southborough Firm Gains In Q2 On New Business
By Matthew L. Brown
ViryaNet Limited of Southborough said it made a $377,000 profit on $2.93 million in revenue in the second quarter.
The revenue figure is a 10 percent increase from the same period a year ago. The company made a profit of $36,000 during that quarter.
The company said the quarter's success was due to large, new license agreements with a European food and beverage company, an American utility company and others.
ViryaNet develops software used by companies to schedule, dispatch and communicate with mobile employees.
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