SOURCE: Openet

June 05, 2007 11:50 ET

Openet Named Finalist for World BSS Awards

Openet's IMS Charging Solution Recognized for Innovation by Billing and Information Management Systems 2007 Panel

DUBLIN, IRELAND--(Marketwire - June 5, 2007) - Openet, a provider of Transactional Intelligence solutions for the world's largest and most innovative service providers, today announced its IMS Charging Solution was awarded finalist status for the Innovation in Billing and Information Management category of the World BSS Awards. The World BSS Awards help raise awareness of the significance of billing and information management processes to the communications industry, identifying key trends and rewarding BSS best practice. The winners will be announced at the upcoming Billing and Information Management Systems 2007 Gala Dinner at Honorable Society of Lincoln's Inn in London on Thursday, June 7, 2007.

The World BSS Awards, launched in 1997, are celebrating their 11th year and are widely regarded as one of the highest industry recognitions of BSS excellence. The Innovation in Billing and Information Management category for which Openet is nominated recognizes the leaders in innovation and enhanced functionality in a product/service offering, approach to market and/or business modeling or methodology.

"This year has seen a tremendous amount of growth and change in the service provider market. At last, the billing community is being taken seriously when it comes to ensuring that new services can be charged and billed for before new services are launched, and the vendors we have recognized as finalists have all played a significant role in making this a reality," said Hugh Roberts, chairman of the awards judging panel and consultant director for IIR's BSS, OSS and RM events. "Offerings such as Openet's IMS Charging solution reflect the growing capability of BSS professionals to deliver real business value for operators as they strive to meet the ever-changing customer desire for advanced services."

Built on the Fusionworks Platform™, the 3GPP-compliant Openet IMS Charging solution alleviates the strain operators face when balancing the addition of next-generation services with generating and capturing revenue. Openet's IMS Charging solution simplifies the migration process between next-generation services and the existing legacy infrastructure limitations of operators with flexible and responsive charging capabilities -- both online and offline. The end result is a network that dramatically improves customer experience and satisfaction while reducing the cost and risk associated with implementing a next-generation architecture. It enables service providers to implement an IMS platform for voice, data, content and multimedia services on any network -- accommodating the growing demands of consumers. As a result, service providers can launch new services, pricing plans and loyalty programs more efficiently and cost-effectively.

"Service-providers are often shackled with legacy system performance issues when deploying new services, making these services a hindrance instead of huge revenue generators. The Transactional Intelligence inherent in our solutions allows service providers to break free of those shackles all while leveraging their legacy networks," said Joe Hogan, CTO of Openet. "We're proud to be recognized by the World BSS Awards for the technological capabilities of our IMS Charging solution, which achieves the difficult feat of providing both the flexibility to add new services and the power to generate revenue, an essential requirement for any service provider in today's shifting market."

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 British Telecom, Orange, AT&T and Verizon Wireless. For more information, visit www.openet.com.

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