PRESS RELEASE

Openet Begins Rollout of Convergent Mediation Product for Videotron’s Cable Network

November 10, 2008 - Openet

DUBLIN, Ireland – November 10, 2008 – Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, today announces that Canadian cable provider Videotron has selected its Convergent Mediation product.  The product, which runs on Openet’s FusionWorks FrameWork, was selected to replace a failing, competitive mediation product.

Designed to consolidate billing mediation to a single, enterprise-wide product, FusionWorks Convergent Mediation is a key component of accurate billing for Videotron’s current solutions and will set the stage to maximize future revenue streams.  The product enables Videotron to reduce costs through consolidated billing mediation, while increasing revenue by ensuring service availability.
 
"The Canadian cable market is heating up, and we needed a flawless, scalable mediation solution to support our data, video and voice business," said André Gascon, vice president, 3G and wireless technologies, Videotron. "We had to find a solution that could answer our growing customer demand without any negative impact. Openet’s Convergent Mediation product fits the bill perfectly, and the FusionWorks Product Suite enables us to add solutions that will grow with our business."
 
The Convergent Mediation product enables cable operators to capture benefits now and in the future—especially when migrating to improved systems, as necessitated by cable’s continually-heightened feature innovation.  As cable options become more sophisticated, so must the networks used to deliver them—and so must the systems used to bill for these services.
 
“The cable industry is changing rapidly, and cable providers need to get ahead of the game regarding their infrastructures,” said Mike Manzo, chief marketing officer of Openet.  “By selecting a solution that supports not only existing needs but can meet future market demands, Videotron is poised for both growth and innovation—and Openet is a key element in this equation.”
 

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