PRESS & MEDIA

Openet Telecom to Create 200 Jobs in Global Expansion

March 26, 2001 - Openet

DUBLIN; 17th March, 2001 - Irish owned software company, Openet Telecom is to create 200 jobs in Ireland, Europe and the United States by the end of 2001 as part of a major global expansion. Openet Telecom, founded just 18 months ago, has already more than doubled its employment in 2000 to 80 people. This new expansion follows recent major contract wins in Europe and the USA.

Openet Telecom sells into existing and emerging telecommunications companies on contracts valued from £100,000 to multi-million dollar deals. The company currently operates offices in Ireland, UK, Germany, France, Sweden and the US.
 
Openet Telecom is exploiting a global niche for a solution which allows Communications Service Providers (CSPs) to identify and bill customers according to type of usage rather than solely time and distance. This process, Convergent Mediation, is increasingly relevant to providers of sophisticated telecommunications services, particularly as voice and data services converge. Openet Telecom has developed a world-beating Convergent Mediation solution, FusionWorks™.
 
The current turmoil in the telecommunications industry is creating significant opportunities for niche players such as Openet Telecom.
 
"Declining margins on traditional voice revenues are forcing CSPs to deliver new services. Openet Telecom provides the software which enables CSPs' business systems to capture complex information required to bill for new services and to maximise CSPs' Customer Relationship Management," commented Barry Murphy (CEO, Openet Telecom). Murphy is a former head of the National Software Directorate.
 
"Openet has a significant technology lead in this niche that we intend to exploit quickly; this explains our rapid expansion plans. Our goal is to employ 200 people in Ireland, and 280 overall, by the end of 2002," said Barry Murphy. "Because of the skills shortage here, Openet is in the process of establishing a laboratory in Hungary".
 
Openet Telecom (www.openet.com) is a pre-IPO company. This, combined with its technology skill set, makes the company attractive to high-calibre technologists. Opportunities are available at Openet for software engineers with skills in Java, C and C++. They can be located in Dublin, Europe and the US. Openet has recently moved to new 25,000 square foot headquarters as part of its expansion programme.

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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