Dublin, Ireland and Reston VA: Wednesday, 22nd October, 2001—Openet Telecom, the world leader in convergent mediation, today announced it has signed a partnership agreement with TimesTen Performance Software. Under the terms of the agreement Openet certifies the use of TimesTen's real-time data management software with its high-performance mediation platform FusionWorks™.
"The convergent correlation technology used by Openet Telecom in their flagship product, FusionWorks, enables configurable usage-based mediation across diverse networks. FusionWorks™ takes billions of records per day and, in real-time, aggregates and consolidates the relevant information for downstream operational, business, and decision support systems. TimesTen delivers technology that supports Openet in doing this," said Joe Hogan, chief technology officer at Openet Telecom. "TimesTen's unparalleled performance gives our platform the scope to demonstrate its scalability by giving our customers the headroom to perform sophisticated processing and analysis as information streams into their system."
"FusionWorks™ is an ideal kind of solution to be enabled by TimesTen," said James R. Groff, CEO of TimesTen Performance Software. "Our companies understand that the world is moving toward immediacy, and that what used to be ‘good enough' will be replaced by systems that simply work faster, more intelligently, and more economically."
FusionWorks™ enables unified billing across services and flexible charging, as well as allowing communication service providers to target customers directly with discounts and value-added services. FusionWorks™ achieves this by simultaneously collecting and analysing subscriber usage data from diverse wireline, wireless, and IP-based packet switched networks. By choosing the TimesTen® in-memory database as a real-time data management option for FusionWorks, service providers can process greater numbers of subscriber usage records in less time, on more economical hardware configurations, than with conventional data management technologies.
As service providers introduce IP-based networks and service platforms for broadband and next-generation mobile services, the requirements on mediation systems are growing rapidly. Not only must they collect and correlate raw billing data from a growing variety of IP network and service nodes—as well as traditional circuit-switched systems—they must also handle a rapidly growing volume of billing information. With the growth in IP-based multimedia services, rating and billing information is generated according to an ever-increasing number of parameters—such as subscriber location and the value of the content delivered or the subscriber's prepaid account status. Handling this volume of event-based billing data—which may well be several billions of records per day in a typical network—in real time requires very high-performance data management.
About TimesTen Performance Software
TimesTen helps companies quickly gain market-leading distinction. Our real-time data management software, industry expertise, and intense commitment to customer success have made it easy for companies to turn breakaway performance and scalability into a competitive advantage. Customers like Cisco Systems, CNN, Dow Jones, Ericsson, Lucent Technologies, and Sprint depend on TimesTen's products, which manage the most vital, time-critical data inside next-generation networks, high-volume financial services applications, and dynamic e-business infrastructures. For more information, see www.timesten.com
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