PRESS RELEASE

Openet Continues Global Expansion with New Office in Malaysia

August 26, 2008 - Openet

DUBLIN, Ireland – August, 26 2008 Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, today announces the opening of its Malaysia office, located in Kuala Lumpur.  With demand growing across the Asia Pacific region, this expansion further solidifies Openet’s global presence and enhances its ability to deliver innovative products and services to telecommunications and cable providers worldwide.  This announcement comes on the heels of Openet’s announcement of a new office in Brazil, further extending the Company’s global reach.

After conducting a worldwide review of prospective office locations, Kuala Lumpur was chosen because it delivered the largest pool of qualified talent.  Since recruitment began for the facility in February, Openet has hired 15 experienced professional services engineers to support the Company’s expanding operations.  With an anticipated 10 to 15 new hires in product development and 20 to 30 additional professional services staff, the Malaysia office is now a significant development and support center for the Company.
 
Asia is a hot spot for telecommunications innovation.  The new Malaysia office is poised to support the growth already happening in the region and worldwide, and will fuel the development of new innovative technologies.”
 
With support personnel in North America, Ireland and now Malaysia, Openet can provide around-the-clock service and support to its worldwide customer base.  As the market for network-edge solutions in Asia expands exponentially and continues to show immense growth potential, the Kuala Lumpur office is vital to providing the region’s telecommunications and cable operators with the Transactional Intelligence solutions, services and support that the innovative region requires.
 
The Malaysia office can be found at Openet Telecom Malaysia Sdn Bhd; (737278-H); Penthouse (Level 27); Centrepint South, The Boulevard, Mid Valley City; Lingkaran Syed Putra; 59200 Kuala Lumpur; Malaysia.  Openet Malaysia can also be reached by phone at +60 (3) 2 096 9690.

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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