Plugging a widening revenue gap
May 1, 2010 - Openet
Another company working in this space that has grown significantly is Openet. In February it completed a $10.5 million (€7.2 million) funding round to enable sales and marketing expansion, growth in regional markets and new strategic investments. This brings the total investment in Openet to over $60 million (€44 million). Privately-owned, the company will only say of its results that it saw a 50% year-on-year revenue growth in 2009.
Canada's largest wireless network operator, Bell Mobility demployed Openet's 3GPP compliant FusionWorks Online Charging System (OCS) as part of a HSPA network upgrade. The system went live in December 2009, offering mobile data speeds of up to 21 Mbps. FusionWorks OCS consists of convergent charging, network edge rating and balance management products. Bell reportedly chose Openet to enable new personlaized services, for pre- and post-paid data charging, rating and subscription control.
More recently, Meteor Mobile, Ireland's third largest wireless operator, has contracted to receive convergent charging and network edge rating systems as part of a network upgrade, which will also help it meet EU roaming regulations.