Openet Increases Revenue Capture for Service Providers with Charging Gateway

Full Revenue from Next-Generation IP Services Now Possible with Network Bridge to Billing Systems

DUBLIN, Ireland – April 29, 2008 – Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, today announces the availability of its Charging Gateway, an application based on its FusionWorks Product Suite™. The Charging Gateway provides a high-availability, 3GPP charging standard compliant way to collect, aggregate and store user session data in real time. The real-time capture ensures revenue by bridging the network and the billing system, keeping record delivery to the billing mediation solution alive in the event of a network or mediation system outage or overload without risking data loss.

Service providers are racing to deliver the profitable next-generation IP services that are in such high demand from consumers and businesses. In the rush to meet delivery needs and effectively manage network loads, the vast number of increased records that come with these new IP-based sessions are overwhelming legacy network and billing systems. These “dropped” session records result in incomplete pictures of the transactions, translating into significant lost revenue opportunities for service providers.

Now with Openet’s Charging Gateway, service providers have a standards-based solution that leverages pre-selected, off-the-shelf hardware to cost-effectively address this gap in network billing coverage. The Openet Charging Gateway brings high-availability “store-and-forward” capabilities that bridge the core network to the billing mediation solution and reduce the risk of revenue loss. Because it’s built on FusionWorks, the Openet Charging Gateway solution delivers superior scale, availability and performance, bringing peace of mind to providers that all of their network usage data will be stored until delivery to the mediation system is possible.
“Maximizing network performance and revenue opportunities through the Transactional Intelligence our products provide drives every offering Openet delivers to the market,” said Mike Manzo, chief marketing officer of Openet. “The Charging Gateway is a prime example of how well we understand Tier 1 service provider’s infrastructure needs, and how we tailor specific, scalable answers to address the challenges inherent in the increase in sessions, traffic and data that come with delivering today’s IP-based services.”

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

Megan Lane
SHIFT Communications
(617) 779-1854
mlane@shiftcomm.com