Openet Enters Latin American Market with Office in São Paulo, Brazil

Openet Telecom continues corporate growth strategy with entrance into Central and Latin America.

Dublin, Ireland and Reston VA, October 26, 2004; Openet Telecom, a world leader in real-time charging, convergent mediation and rating, today announced the opening of an office in São Paulo, Brazil. Headed by Michel Robert, Director South America, the Brazil office has been established as Openet's regional headquarters for South America in order to provide local support for this important growth market.

“Openet's move into the Central and Latin American region is the result of strong industry demand. As the wireless and wireline operators in this region continue their transition to an IP network, the need for convergent, real-time, active mediation, charging and rating is especially evident. This announcement comes on the heels of our entrance into APAC and is further proof of our commitment to growth. Openet is an undisputed industry leader, with a global Tier 1 customer base that includes Verizon Wireless, AT&T Wireless, Orange Group, Cingular Wireless, Telecom Italia Mobile, Vodafone, T-Mobile and British Telecom,” states John Rainger, CEO, Openet Telecom. “We are delighted to have the opportunity to bring our experience and capabilities to this region and look forward to announcing our first South American customer shortly.“

Openet addresses the increasing demands of a market in transition. As technology in Central and Latin America shifts from TDMA and PSTN to IP, CDMA and GSM, the need for real-time and active solutions become increasingly important, ” states Michel Robert of Openet. “Plus, the movement of some charging and rating functions away from the Billing System and towards the network edge requires solutions that can handle network-grade reliability, scalability and speed.

Real-time charging for wireless data and 3rd party content such as Java games, ringtones and sports updates requires customer authentication, entitlement checks, price quotes, advice of charge as well as balance management for post-paid and pre-paid subscribers alike. No one has more experience at this than Openet.”

Openet's solutions can be demonstrated by contacting Michel Robert at + 55 11 3443 7717 or michel.robert@openet.us. The address for Openet's new South American office is:

Openet Telecom Tecnologia America Latina Ltda.

Av. das Naçõnes Unidas

12.551 9º e 17 º andares

Brooklin Novo, São Paulo, SP Brasil

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