Openet Honored in Fifth Annual International Business Awards

DUBLIN, Ireland – July 28, 2008 – Openet the leading provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, has earned a Certificate of Finalist Recognition in Best New Telecommunications Product or Service category of The 2008 International Business Awards.  The International Business Awards are the only global, all-encompassing business awards program honoring great performances in business.

Honorees were selected from more than 1,700 entries received from organizations and individuals in more than 30 countries.  

“The competitive nature of The International Business Awards sets a high bar for our industry,” said Niall Norton, CEO of Openet.  “Being chosen as a finalist for Openet’s FusionWorksTM Policy Manager product validates our work with Tier 1 telecom service providers around the world while helping to pave the way for future growth.  We’ll continue our mission of innovation and look forward to showcasing the results at the 2009 Stevies. ”   

Through its event processing and transaction management solutions, Openet enables Tier 1 telecom service providers all over the world to maximize revenue from new and existing services. Openet’s Transactional Intelligence capabilities aid the ever-evolving telecom and cable markets in the innovation of new services to meet growing consumer demand.  Announced in May 2008, Openet’s Policy Manager product allows service providers to deliver personalized services based on subscriber preferences by deploying service- and subscriber-aware policy rules, and dynamically applying those rules to respond to changing network and subscriber status.

“Entries to the IBAs grew 65% this year and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs.  “We congratulate all of the honorees, and we look forward to recognizing them for their achievements at our gala awards dinner in Dublin on September 8.”

Complete lists of honorees and other details are available at www.stevieawards.com/iba. 

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 The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service.  Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.  Learn more about The Stevie Awards at www.stevieawards.com.

Global Sponsor of The 2008 International Business Awards is Dow Jones.  Premier sponsor of the September 8 awards gala is IDA Ireland.  Supporting Sponsors include BT Conferencing and Weber Shandwick UK.  National Sponsors include the Korean Business Communicators Association and the Public Relations Society of India.  Media Sponsors include CorpComms magazine and Berlin’s JazzRadio 101.9.  Localization Partner for the 2008 IBAs is Lionbridge.

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