PRESS & MEDIA

Openet Announces Tier 1 Revenue Assurance Success in APAC

May 26, 2006 - Openet

Dublin, Ireland and Reston, VA, 26th May, 2006; Openet Telecom today announced that a leading Tier 1 fixed and mobile operator in APAC has contracted to procure Openet Revenue Assurance professional services suite. The operator is a public company and offers fixed and mobile services including both 2.5G and 3G services.

This enhanced revenue assurance functionality is provided by the Openet Professional Services organisation. It is based on a standardised best-of-breed toolkit approach that is customised and deployed according to the needs of the customers and their compliance functions. It is particularly useful and popular with Tier 1 operators who wish specifically to enhance the base Fusionworks™ deployment in order to allow significantly more developed revenue assurance and Sarbanes Oxley compliance capabilities in their networks.
 
With revenue assurance, carriers seek to ensure every sale, transaction and event – metered or non-metered – is turned into cash as soon as possible. With Sarbanes Oxley compliance they wish to record the compliance and controls in operation in their networks and systems. The Openet Fusionworks™ Revenue Assurance solution allows significant achievement of these objectives at a very cost effective manner and without requiring new product sales.
 
The Openet revenue assurance solution is designed to facilitate Operators to monitor and correct revenue leakage problems on their networks in real time –which is enormously important in both the IP-based and prepaid markets that wireline, cable and wireless Operators find themselves competing. Openet’s tailored enhancements utilise advanced process automation to provide end-to-end visibility and control of the revenue traffic in the network and has the advantage of being typically faster, more cost-effective and with greater accuracy and fewer resources than any other solution in the marketplace.
 
The Openet revenue assurance solution is designed to meet the demands of high-volume, next-generation tier-one networks while, at the same time, lowering the time and effort needed to deploy and manage an enterprise-grade revenue-assurance program.
 
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.
 
 

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