VirtuOz Intelligent Virtual Agents Named Finalist in the TiE50 2012 Awards Program

May 6, 2012

Company Beats Out Nearly 2000 Entrants in Prestigious Award

EMERYVILLE, CA, May 07, 2012 -- VirtuOz, Inc., the leading provider of intelligent virtual agents (IVAs) for online marketing, sales, and support, announced today that VirtuOz Intelligent Virtual Agents was named a finalist in the TiE50, Silicon Valley's premier annual awards program. VirtuOz was selected out of 2100 companies nominated, and is one of 140 companies in the running for top honors. Winners will be honored on Thursday, May 17, 2012 during TiEcon in Santa Clara and will be determined by a panel of judges and popular vote. To vote for VirtuOz go to http://tinyurl.com/72uagod.
"It's an honor to be named a finalist in the prestigious TiE50 awards," said Steve L. Adams, CEO and president of VirtuOz. "We are delighted by the many recent awards for our virtual agent solutions and thank our clients for showcasing how our technology can be used to deliver an innovative online engagement platform for their Web savvy customers."

Predicted by Gartner Research to become the new standard for online customer interaction by 2015, intelligent virtual agents create a next generation customer experience for online sales, marketing and support self-service -- all at one-tenth the cost of traditional channels. Virtual agents are available via consumer preferred access points -- the Web, mobile phones and social media, such as Facebook -- to meet the 24/7 demands of today's digital customer and forge meaningful digital customer relationships between a business and their consumers.

About the TiE50 Awards An annual achievements and recognition awards program with active participation from a broad spectrum of industry voices, the coveted TiE50 awards program showcases the world's most innovative and promising startups. Since 2009, more than 90 percent of TiE50 winners and finalists have been funded, attracting billions in investments. Forty-two previous finalists and winners have been acquired, merged or gone public. TiE50 exposes participating technology startups to a vast ecosystem of venture capitalists, angels, and entrepreneurs, as well as online virtual showcasing, and technology and business partnering and networking. To learn more, visit www.tie50.net .

About TiE TiE is a global, not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides entrepreneurs with a platform for mentoring, networking, and education to over 14,000 members in 54 chapters in 13 countries. Since its inception in 1992 by a group of successful Silicon Valley entrepreneurs and corporate executives, TiE has grown to be the world's largest non-profit dedicated to the cycle of wealth creation, and focusing on nurturing the next generation of entrepreneurs. To learn more, go to https://sv.tie.org/ .

About VirtuOz
VirtuOz is the leader in Digital Customer Relationships, enabling large and mid-market enterprises to use Intelligent Virtual Agents to provide world-class online marketing, sales, and support channels, ensuring a high quality user experience while improving operational performance. Recognized by the American Business Awards, Best in Biz 2011, Network Products Guide 2012 and Tech Awards Circle, the company's award winning intelligent virtual agents offer companies a new channel for online self-service that delivers the best possible customer experience at one-tenth the cost of traditional channels. VirtuOz solutions combine best-in-class virtual agent solutions with best practices across agent development, deployment, and optimization to deliver predictable and measurable results. Intelligent virtual agents are predicted to become the new standard for customer interaction in the next few years. VirtuOz leads the market for successful use of intelligent virtual agents, having processed over 166 million conversations on behalf of its customers in 2011 and with the largest number of live enterprise intelligent virtual agents for Global 2000 companies including PayPal, Michelin, SFR, H&R Block, and Symantec. More information about VirtuOz can be found at www.virtuoz.com .

VirtuOz is a trademark of VirtuOz, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.