SOURCE: Openet

July 08, 2008 09:00 ET

Openet Expands Senior Team to Drive Global Vision

Vice President of Global Operations Will Enable Company to Meet Increased Demand for Services

DUBLIN, IRELAND--(Marketwire - July 8, 2008) - Openet, a provider of Transactional Intelligence solutions for the world's largest and most innovative service providers, today announces the appointment of Jim Chadwick to vice president of global operations. Chadwick has served as the global director of operations since March 2007, and previously joined Openet in June 2006 as director of professional services in CALA.

Through its FusionWorks™ solutions, Openet plays a key role in global Tier 1 customer innovation and implementation of next-generation services. In recent months, the Company has announced a series of new solutions, enabling its customers to advance revenue and service opportunities. With the telecom market primed for massive expansion, Openet continues to drive aggressive international growth by delivering its products and solutions to Tier 1 operators worldwide. Chadwick's role will be crucial in the expansion of Openet's existing international presence and entry into new territories.

"As demand for Openet's Transactional Intelligence solutions continues to grow worldwide, Jim will be a key asset in managing and implementing effective operational processes," said Niall Norton, CEO of Openet. "Jim's keen instincts and deep experience will be key to Openet's continued global expansion as we meet service provider needs in our target regions."

Chadwick brings more than 20 years of experience to Openet. Prior to joining the Company, he spent seven years with Cingular Wireless and 11 years with The Boeing Company, holding positions that ranged from senior technical manager to director of IT mediation. He holds a bachelor's degree in business management from Montana State University and a master's degree in information systems management from Seattle Pacific University.

"As a global innovator, Openet's growth and success are a direct result of a clear market vision and strong management team," said Chadwick. "The Company is poised for extensive global growth, and in this position, I look forward to helping ensure the continued delivery of the unsurpassed solutions and innovation for which we're internationally recognized."

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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