PRESS RELEASE

Openet announce completion of funding round to drive growth

October 9, 2019 - Openet

Niall Norton, CEO, Openet, “The success of Openet is driving additional investment which we welcome. In the last two years, we set out to change the operator / vendor model. We wanted a much more synergistic approach where our customers and Openet would jointly strive for success and share the same ambitions. Our approach is more partnership focused than traditional outdated vendor / customer model. To do this involved change, some of which involved re-structuring, but now we’re getting serious traction and sales success as a result of the changes and investment we made.”

So far in 2019 Openet has announced wins at customers such as Telkomsel, Bell, SaskTel, VADSA and a tier 1 US operator. Norton continued, “As well as the wins we’ve made public, there’s 10 other operator wins that we’ve still to announce. Several of these deals are with some of the leading mobile operators in the world and one is for a customer implementing Openet software on AWS public cloud.  We’ve also launched policy and charging systems for 5G which is helping drive demand. In addition, our open, API driven approach to systems has resulted in an increasing number of new partnerships for Openet. These include Samsung, Casa Systems, Metaswitch, RADCOM and Allot where Openet 5G policy and charging is part of the 5G Core, as well as new partnerships with NTT Group, Salesforce, MDS Global and 6D Technologies”.

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About Openet

Openet provides Digital and 5G BSS to enable service providers to create new revenues from digital services, improve customer engagement and be ready for the opportunities from 5G. Our solutions enable service providers to be more agile, innovative and enjoy a faster time to value.

From monetising content and data services over 4G to enabling innovative enterprise IoT offers over 5G, Openet’s Digital and 5G BSS offers a fast and agile alternative to the large legacy companies whose track record of over-charging and under delivering has resulted in high failure rates of large scale transformation projects.

Since its foundation in 1999, Openet has been at the forefront of telecoms software development and innovation. Our success is personified by the many long-term relationships it has fostered with the largest, most progressive, and demanding operators across the globe. For more information visit www.openet.com.

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