PRESS RELEASE

Openet and Promon Announce Strategic Partnership in South America

October 2, 2006 - Openet

Dublin, Ireland and Reston, VA, October 2nd, 2006; Openet Telecom, the leading provider of active mediation, charging and rating solutions, today announced a partnership with Promon, the largest network integration company in Brazil by the International Data Group (IDG), for the distribution of Openet’s revenue generating solutions to wireless, wireline, and cable operators in Central and Latin America.

“Openet is delighted with to have a Promon partnership in place,” said Apollo Guy, VP of Sales and Alliances, Americas, at Openet. “Openet is committed to extending its North American market leadership into Central and Latin America. Promon’s proven track record with operators in the region combined with Openet’s industry-leading products and solutions will accelerate our shared objectives,” said Guy.
 
Promon’s domain expertise and strength in the Latin and Central America markets provides telecommunications operators with a local presence for integration, deployment, and operational support for the full breadth of Openet’s solutions.
 
"This announcement sees the maturing of our relationship with Openet to the next level; Promon engineers have been working on Openet projects for some time now in preparation for this expansion. Promon is looking forward to a successful relationship directly in the CALA markets where the core strengths of each company can be realized together" said Rodrigo Parreira, Executive Director of Promon.
 
Openet and Promon are at Futurecom in Florianópolis Oct 2nd -5th to meet with prospective customers. Futurecom is the leading Telecoms event in South America.

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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