Viyya Technologies, Inc. (Pink Sheets: VYON), the developer and marketer of the world's most advanced, web-based information management application, announced today that it has signed an agreement to acquire SaraX Software's Security Operations Portal. Viyya currently distributes the popular Security Operations Portal as part of its portfolio of business intelligence and knowledge management products. This latest agreement would grant Viyya full ownership of the portal technology and full rights to all future revenue generated from the sale of this product. The SaraX Security Operations Portal allows organizations to quickly and cost-effectively implement a viable IT solution that immediately enables security and intelligence throughout an entire enterprise. The software can support and scale to the needs of any size business, delivering critical, focused, real-time intelligence to management and executives within an organization. "The Viyya and SaraX management teams have been working very closely following our recent reseller agreement, which resulted in the addition of the SaraX Security Operations Portal to Viyya's product suite," said John Bay, CEO of Viyya Technologies. "This purchase was a logical next step for both companies, as it expands Viyya's product portfolio to include proprietary core technology that fits perfectly into our public and private security sector marketing plans." The Security Operations Portal is specifically constructed to serve the needs and requirements of Information Technology (IT) and Physical Security Officers in government and corporate America. In the post 9-11 world, real-time information is critical to the safety and well-being of employees and citizens. The combined technologies of VIYYA(TM) and the Security Operations Portal will provide the using entity with superior methods of intelligence and information gathering and collaboration. The combined product suite has already been unveiled to targeted State Agencies and Authorities with excellent feedback, according to Viyya management. In its Federal IT Security Market View report, INPUT, a Virginia-based government market services firm recently forecast that by 2009, government IT security spending will eclipse the $7 billion mark. Meanwhile, private sector IT spending on security software and programs is projected to exceed $80 billion this year, and at the industry's projected annual growth rate of 4.5 percent, could exceed $100 billion by 2009, according to Gartner research. About Viyya Technologies Viyya Technologies (Pink Sheets: VYON) is the developer and marketer of the world's most advanced, web-based information management application. The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, email, and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA(TM) gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information, and have the information processed into notifications, daily reminders, newspapers, or archived for future use. For additional company information, please visit www.viyya.com. Legal Notice: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this release. These statements relate to future events or financial performance; are based on current expectations/projections about Viyya and its industry; and may differ materially from actual future results or events. Such words as "expects", "believes", and "anticipates" are intended to identify these statements. Viyya disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.
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