PRESS & MEDIA

Openet Telecom Exhibit at Billing Systems 2002, Earls Court,

April 23, 2002 - Openet

23 April 2002; [Billing Systems 2002, London, UK] Openet Telecom, a world leader in convergent mediation, will update the telecoms community on their FusionWorksTM Mediation and FusionWorks™ Pre-paid product platforms. These platforms form a solid foundation for implementation, management and billing of traditional and advanced next generation services. Both will be presented at this year's Billing Systems Exhibition and Conference in London.

Openet experts will be on hand throughout the exhibition to demonstrate how communication service providers (CSPs) can recoup lost revenue through strategic investment in advanced mediation solutions. Recent studies by PriceWaterhouseCoopers and other consulting firms indicate that as much as 15% of a CSP's revenue may never be billed or collected. Reports from IDC indicate that inadequate mediation systems can account for as much as 60% of this revenue leakage. Openet will explain how the right mediation solution can maximise billing opportunities, generate demonstrable ROI and increase profitability while also enabling any future technologies incorporated into any network.
 
"Billing Systems offers attendees the opportunity to interact with senior Openet personnel to discuss FusionWorks™ Mediation - a solution which has been designed specifically to mediate any type of network or service and to do so in real-time when necessary," explained John Rainger, CEO at Openet Telecom. "That need for flexibility carries over to next-generation pre-paid data platforms. They need to be real-time, event-driven systems that are capable of operating in conjunction with existing pre-paid solutions. Openet has engineered FusionWorks™ Pre-paid to take full advantage of the existing features of the carrier grade FusionWorks™ Mediation framework, and at the same time incorporate the new features required to allow the solution to operate as an in-service network element responsible for real-time, pre-paid credit control and balance management."
 
Scheduled briefings with senior Openet personnel are available on 23rd, 24thand 25th April. To arrange a meeting, customers should contact Andrew Court on 00 44 7740 404504, media and analysts should contact Jenny Potts on 00 44 7808 726247. Alternatively approach on-stand personnel who will be happy to help.

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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