Openet Receives 2007 Product of the Year Award from Communications Solutions

FusionWorks Policy Manager Honored for Outstanding Innovation

DUBLIN, Ireland – June 25th, 2008 – Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, announced today that Technology Marketing Corporation’s (TMC) Communications Solutions (www.tmcnet.com/comsol) has named FusionWorksTM Policy Manager as a recipient of a 2007 Product of the Year Award.

Openet’s FusionWorks™ Policy Manager enables service providers to generate and rapidly deploy centralized, subscriber-centric policy rules, deliver highly-differentiated services customized to subscribers’ preferences and apply policy decisions dynamically to respond to changing network and subscriber status. Ultimately, FusionWorks™ Policy Manager allows service providers to maximize return on network resources, providing new offerings to end users and additional revenue streams to operators on existing data.

“This award demonstrates the value superior Transactional Intelligence brings to the rapidly-changing telecom marketplace,” said CEO Niall Norton. “We’re honored to be recognized as a leader in global communications innovation. Openet will continue to expand our offerings to meet the next generation challenges of the industry.”

“Openet has been recognized with a 2007 Product of the Year Award for their excellence in the advancement of voice, data and/or video communications,” said Rich Tehrani, TMC President and Group Editor-in-Chief of Communications Solutions, “Openet has proven they are committed to quality and excellence in solutions that benefit the customer experience as well as ROI for the companies that use them. I am pleased to honor their hard work and accomplishments and look forward to more innovative solutions from them in the future.”

The eighth annual Communications Solutions Product of the Year Award recognizes the vision, leadership and attention to detail that are the hallmarks of the prestigious award. The most innovative products and services brought to market in 2007 were selected as recipients of this year’s Communications Solutions Product of the Year Award for their groundbreaking achievement.

The 2007 Product of the Year Award winners can be found on the Communications Solutions Web site.

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.

About TMC
Technology Marketing Corporation (TMC) is an integrated global media company helping our clients build communities in print, in-person and online.  TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and IMS Magazine. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs.  TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by nearly one million US visitors according to Quantcast* and by over three million unique visitors each month worldwide, according to Webtrends   In addition, TMC produces INTERNET TELEPHONY Conference & EXPO, Call Center 2.0 Conference and Communications Developer Conference.

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

or

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