PRESS & MEDIA

Openet Telecom Selected as “Best New Company” Finalist by Billing World Magazine

June 12, 2001 - Openet

SAN FRANCISCO, June 12, 2001 ( Openet Telecom, the world leader in convergent mediation, has been selected as a finalist for the "Best New Company" category by the Billing World magazine 2001 Excellence Awards. The award will be presented Monday evening, June 25 at the Renaissance Orlando Resort in Orlando, Fla. as part of the 2001 Billing World conference.

Openet Telecom recently entered the U.S. market, signing a substantial, long-term agreement with a major Tier-1 wireless carrier in North America. The company has already established itself as the world leader in providing scalable convergent mediation solutions that enable communication providers with diverse networks to easily implement, manage and bill sophisticated services. Openet customers also include Cable and Telephone, Convergent Networks Services, Esat (a subsidiary of British Telecom), Essent, First Mark, Global Telesystems, Nextra (a subsidiary of Telenor AS) and World Access
 
"It is a great honor to be nominated for this award, which reflects the enormous strides we have made in European and U.S. markets," said Barry Murphy, CEO, Openet Telecom. "It is a particular tribute to the quality of our staff and our technology."
 
The judging panel consists of editors of Billing World magazine, along with representatives of leading international organizations, including DMR Consulting and The Yankee Group. This is the 11th year of the Billing World event, which attracts thousands of communications billing professionals from around the world and offers the largest exhibit showcase devoted to billing.

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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