Openet Named Finalist in European Business Awards FusionWorks Platform Contender for the Business Innovation of the Year Award DUBLIN, Ireland – November 28, 2007 – Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, today announced that it has been named a finalist in the European Business Awards 2008. Judges recognized Openet’s FusionWorks Platform alongside nine other innovations competing to be crowned ‘Business Innovation of the Year 2008’.

The European Business Awards is an independent programme that recognises and celebrates business excellence across the 27 EU member states. ‘The Business Innovation of the Year Award’ will go to the organisation that can best demonstrate a proven ability to create, grow and develop innovations or processes that substantially improve the commercial performance or prospects of the company.

The FusionWorks Platform is the bedrock of Openet’s suite of solutions including convergent mediation, convergent charging and network-edge rating. It allows telecommunications service providers to manage the burgeoning numbers of voice, email, internet, picture and video transactions that are crossing their networks. Proven to integrate seamlessly across any network and support any service, FusionWorks provides unmatched availability and processing speed while handling billions of real-time events and transactions every day.

Openet’s FusionWorks Platform extracts valuable customer data from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services.

“The European Business Awards are a showcase of Europe’s most successful business achievements,” said Niall Norton, Openet’s CEO. “The strength of Openet’s technology offering continues to grow as does our customer base – we are focused on delivering best-in-class network edge solutions and specialised engagement processes that generate substantial return for our customers.  In short: we are innovating our own business while providing our customers with the ability to innovate theirs.”

The winners of the European Business Awards will be announced at a ceremony and business forum at The InterContinental Le Grand in Paris on Tuesday 11 March 2008.

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

Lucy Dee         
Firefly Communications
+ 44 (0) 131 553 0150
 Lucy.Dee@fireflycomms.com