PRESS RELEASE

Openet announces new investor and board member

February 1, 2017 - john.kilcullen@verve.ie

DUBLIN, Ireland – February 1st 2017Openet, a global leader in the supply of real-time BSS and customer engagement systems, today announced that Cipio Partners have become an investor and Board member of Openet.

At the end of December 2016, Cipio Partners (www.cipiopartners.com), a leading international secondary direct investment management and advisory firm who make direct investments in private high-quality growth businesses in Europe, Israel and North America, entered into agreements with some existing shareholders to acquire a minority interest in Openet.  Cipio Partners will join the board of Openet.

Commenting on this transaction, CEO Niall Norton said that “Openet are extremely pleased to count Cipio Partners as an investor and Board member. The company is well placed to realize its strategic plan and this addition to the Board will add significant experience and support to the Management team of the company in this period of exciting growth”.

The transaction was facilitated and managed by JM Hardy Consultants Ltd (www.jmhardyconsultants.com).

 

About Openet

Openet provides the systems and expertise to assist Communication Service Providers to grow to become Digital Service Providers. Openet enables this through our real-time monetization, control, and big data preparation systems. Our solutions enable service providers to be more innovative in how they engage with their customers to drive new revenues and increase their share of their customers’ digital spend.

Since its foundation in 1999, Openet has constantly been at the forefront of telecoms software development and innovation. Its 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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