Tom Shaughnessy
Long/short equity, special situations, deep value, tech

ViryaNet: An Under The Radar Technology Gem's Cloud Transition Could Yield Significant Upside Potential

(Editors' Note: This article covers a stock that is trading at less than $1 per share and/or has less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Business Overview:

Viryanet (OTCQB:VRYAF) is a micro-cap, web-based software application provider for mobile workforces, with high margins, a clean balance sheet, and a surprisingly blue chip roster of global customers for a company of its size. Unfortunately, Viryanet has also been plagued by choppy results over the last several years, although 2013 marks a significant improvement - a trend I believe will continue for reasons I detail below.

With important new distribution partnerships, and a shift to a cloud-based business model, I anticipate...

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