Veramark Technologies, Inc. is a producer of a range of communications cost management systems for users of Interner protocol (IP)-based and circuit-switched private branch exchange (PBX) networks. These products use industry standard databases and reports to reduce telephone usage costs, identify equipment locations and status, eliminate telecom fraud and deliver online corporate directory information. The Company's enterprise telemanagement systems provide cable management, invoice and asset management, flexible directory applications and work order management. Veramark's products consist of Web-based software applications that run on personal computers or servers that use Microsoft Windows operating systems and Microsoft SQL Server database management. The Company sold approximately 100,000 call accounting systems and related products to customers in more than 80 countries through manufacturers and resellers of telephone systems.