SOURCE: Openet

August 12, 2008 11:55 ET

Openet Expands Global Reach With New Brazil Office

Sao Paulo Office Marks Openet's Commitment to the Growing Brazilian Market

DUBLIN, IRELAND--(Marketwire - August 12, 2008) - Openet, a provider of Transactional Intelligence solutions for the world's largest and most innovative service providers, today announces the opening of its Brazil office, located in Sao Paulo, Brazil. While the Company has previously had a presence in the region, this marks a distinct expansion into the maturing telecommunications market in South America with its FusionWorks™ product suite.

With Openet's FusionWorks product suite in place, Brazilian service providers can generate and rapidly deploy dynamic, subscriber- and session-aware policy and next-generation billing capabilities. FusionWorks helps carriers gain comprehensive, enterprise visibility into service and network usage while delivering services customized to subscribers' preferences. Ultimately, the FusionWorks product suite allows carriers to maximize return on network resources and provide new offerings to end users and additional revenue streams to operators, all on existing data.

"Formalizing our post in Brazil demonstrates the growing demand for Transactional Intelligence internationally," said Niall Norton, CEO of Openet. "As markets mature, especially in booming markets like Latin America, carriers are looking to maximize revenue from existing assets. Openet can be a key ingredient for carriers to maximize current opportunities and set the stage for new revenue streams."

Openet's expanded presence in Brazil is in direct response to an increase in business and continued work with its key partners in the region. In order to support a growing customer base, the Company aims to employ 15 full-time staff by the end of 2008. The additional staff will provide professional services for Openet's mediation, charging and revenue assurance solutions deployed throughout in the region.

"As we continue to see rapid growth in Latin America, carriers are looking to Openet to help meet consumer demands for content and services," said Mauro Vicente, CALA sales and business development director, Openet. "With a growing number of personalized services on the menu, carriers in Brazil and worldwide are looking for more of the revenue pie -- which Openet enables with unparalleled Transactional Intelligence solutions."

Openet's new address in the Brazil office is Avenida Nações Unidas, 12551 10th floor, Brooklin Novo, São Paulo; SP Brasil.

About Openet

Openet is a leading worldwide provider of event processing and transaction management solutions. The Transactional Intelligence of the company's solutions extracts increased value from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services. Openet is focused on delivering best-in-class network edge solutions and specialized engagement processes that create business value from network activity. A global company, Openet's implementations include long-running engagements with the world's leading service providers such as BT, Orange, at&t and Verizon Wireless. For more information, visit www.openet.com.

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