Landmark deal starts 2006 for Openet with a bang!

Multi-million dollar contract with a Tier-1 wireless operator in North America rings in the New Year for Openet

Dublin, Ireland, 5th January 2006; Openet, a world leader in real-time charging, advanced mediation, and network-edge rating, today announced that a tier-1 wireless operator in North America has signed a multi-million dollar contract to supply its award-winning advanced mediation solution. The carrier, which for reasons of commercial confidence, cannot be disclosed, delivers wireless services to a multi-million subscriber base.

This significant contract will see Openet augment existing legacy systems as well as bring new and much needed functionality to solve modern day business challenges such as wireless data, 3rd party content and services and new regulatory requirements such as Sarbanes Oxley.

“This contract surely puts Openet at the pinnacle of wireless mediation and charging solutions globally” stated John Rainger, CEO at Openet. “In the order of 90% of US wireless traffic is now processed and made billable by Openet software. Although we cannot divulge their name at this time, I welcome them to the Openet family and look forward to working with them in the coming months and years.” concluded Rainger.

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.

For further information:
Openet
Andrea Kavanagh
Phone: +353 1 620 4600
Email: Andrea.Kavanagh@openet.com

or

SHIFT Communications
Megan Lane
Phone: 617-681-1254
Email: mlane@shiftcomm.com