SOURCE: Openet

May 02, 2007 09:07 ET

Openet Wins Frost & Sullivan Stratecast 2007 Global Billing Mediation Technical Excellence Award

Openet Sole Vendor Recognized by Leading Analyst Firm for Innovation, Vision and Customer Adoption in the Mediation Space

DUBLIN, IRELAND -- (MARKET WIRE) -- May 2, 2007 -- Openet, a provider of Transactional Intelligence solutions for the world's largest and most innovative service providers, today announced that its FusionWorks Platform has been awarded the Frost & Sullivan Stratecast 2007 Global Billing Mediation Technical Excellence Award. The award recognizes technical excellence that is expected to bring significant contributions to the mediation sector in terms of adoption, change and competitive posture. Openet is the sole vendor to receive this prestigious distinction.

According to Stratecast, Openet's FusionWorks Platform stood head and shoulders above other nominees in a variety of areas. Its breadth of solutions, which include Convergent Mediation, Convergent Charging, IMS Charging, Network-Edge Rating, Lawful Network Surveillance and Revenue Assurance, is unparalleled in the industry. In addition to these solutions, it was clear to Stratecast judges that Openet's innovation, scalability and support for a wide range of services set the industry benchmark -- with the install base to back it up.

"Stratecast considers Openet an industry leader in the mediation sector by virtue of the technical excellence embodied in the FusionWorks Platform," said Karl Whitelock, Stratecast Analyst. "Stratecast believes that Openet's technical leadership is borne out by its acceptance in the marketplace, particularly amongst the largest of the wireless carriers. Its success in wireless should translate well in the wireline and converged space."

The FusionWorks Platform is a processing and transaction management software platform that offers the highest performance, scalability and flexibility service providers require to deploy and manage services. Proven to integrate seamlessly across any network and support any service, FusionWorks provides unmatched availability and processing speed while handling billions of real-time events and transactions every day. It enables service providers to decrease operating costs and increase profitability by consolidating infrastructure -- all the while ensuring that reliable service is maintained.

The Frost & Sullivan Stratecast 2007 Global Billing Mediation Technical Excellence Award is bestowed upon the company that has pioneered the development and introduction of technically excellent mediation products into the market -- products that have either impacted or have the potential to impact several telecommunications sectors. It also recognizes the overall technical excellence of a company and its commitment toward technology innovation in the mediation sector.

"The singular vision of our Company is to provide the Transactional Intelligence imperative for service providers to remain competitive. Every solution we build is created with that vision in mind," said Niall Norton, CEO of Openet. "We are honored that a distinguished firm such as Stratecast validates that vision and its importance to the service provider industry. We intend to push forward on the momentum of this award and propel the service provider industry to new heights."

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, Cingular and Verizon Wireless. For more information, visit www.openet.com.

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