PRESS RELEASE

OPENET HONORED IN FOURTH ANNUAL INTERNATIONAL BUSINESS AWARDS

July 16, 2007 - Openet

DUBLIN, Ireland – July 16, 2007 – Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, has earned a Certificate of Finalist Recognition in the Best New Product or Service – Telecommunications Category of The 2007 International Business Awards. The International Business Awards are the only global, allencompassing business awards program honoring great performances in business.

Nicknamed the Stevie® for the Greek word “crowned,” the awards will be presented to winners at a gala dinner on Monday, September 10 in the Munich Marriott Hotel in Munich, Germany. The primary sponsor for the event will be the German State of Bavaria.
 
The Stevie Awards recognize the best and brightest new products and services on the market. Openet’s Network Edge Rating solution allows service providers to break through the roadblocks operators face when attempting to roll out new content or innovative pricing plans and promotions – significantly reducing time to market for new services while maximizing potential revenues. The solution also enables service providers to extend postpaid services to prepaid customers, and defer or even avoid unnecessary capital expenditures. These abilities make Openet’s Network Edge Rating solution a finalist for this prestigious award.
 
“Entries to the IBAs grew 40 percent this year, and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate all of the Finalists and International Stevie Awards winners, and we look forward to honoring them for their achievements at our gala awards dinner in Munich on September 10.”
 
“The singular vision of our Company is to provide industryleading solutions to our service provider customers,” said Joe Hogan, CTO and founder of Openet. “Our Network Edge Rating solution is a direct response to our customers’ business challenges. The combination of solid, musthave software and the best practices, customization and ongoing maintenance provided by Openet make this a true solution worthy of this international honor.”
 
Details about The International Business Awards and the lists of Finalists and Winners in all categories are available at www.stevieawards.com/iba.
 
About The Stevie Awards
 
Hailed as “the business world’s own Oscars” by the New York Post (April 27, 2005), Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Selling Power Sales Excellence Awards. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com. Premier Sponsor of The 2007 International Business Awards is the Bavarian Ministry of Economic Affairs, Infrastructure, Transport and Technology. National sponsors include the Korea Business Communicators Association. Lionbridge is the official localization partner. Media sponsors include BusinessDay, Chief Executive, CIO Decisions, CorpComms, and Human Resource Executive.

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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