PRESS RELEASE

Openet Launches Executive Technology Layer with Appointment of Four Vice Presidents

March 24, 2009 - Openet

DUBLIN, Ireland – March 24, 2009 – Openet, the leading provider of Transactional Intelligence for the world’s largest and most innovative network service providers, today announced the launch of its executive technology layer with the appointment of four vice presidents of technology.  At the same time, Openet is forming the Openet Technology Division, which enables the Company to take a more unified approach to product creation and quality.  This unique method of running its engineering practice will enable Openet to continue to drive efficiency and innovation, growing the Company’s global presence and reputation for putting out products and solutions ahead of the market curve.

The four appointed vice presidents of the newly developed VP of Technology layer include:

•Niall Byrne, VP of Technology, Product Development – Byrne joined Openet in 2004, and most recently served as the director of engineering; his team now falls under the Technology Division umbrella.
•Alan McNamee, VP of Technology, Chief Science Officer – McNamee was, along with Frank Dunne below, one of the first four architects hired by Founder/CTO Joe Hogan. He most recently served as the principal architect in the CTO office. 
•Marc Price, VP of Technology, CTO Americas – Price joined Openet in 2004, and most recently held the position of senior telecom strategist in the CTO office.
•Frank Dunne, VP of Technology, Product and Solution Assurance – Dunne, has been with Openet since it’s founding, where he most recently served as the director of the core technology group for professional services.  He will also lead his team as part of the new Technology Division.
“This team of newly appointed vice presidents will provide cohesion across our multiple technology departments to ensure an integrated, streamlined approach from our own research and development, through go-to-market strategies designed with customer needs in mind,” said Joe Hogan, Founder and CTO of Openet.  “By creating this VP layer, we can guarantee that our technology will continue to excel from concept to delivery—and ultimately drive the innovation and success of our offerings.”

As the demand for new products and services continues to grow, this team will be responsible for the creation, rollout and ongoing service of customer deployments.  Openet plays a key role in Tier 1 customer innovation and implementation of next-generation services through its FusionWorks Framework™ solutions.  Most recently unveiling Fair Usage and Tiered Service Controls solutions, Openet is continuously rolling out applications to compliment its FusionWorks Framework. 
“As the market competition continues to heat up, we decided to ensure that Openet is primed to not only light the way with regard to innovation, but continue to exceed the needs of our customers,” said Niall Norton, CEO of Openet.  “This unique approach to engineering practices will prepare us for the next phase of growth as we continue to capitalize on Openet’s global presence and valued reputation in the marketplace.”
For more information about Openet and its product offerings, please visit: https://www.openet.com/.




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 BT, Orange, AT&T and Verizon Wireless.  For more information, visit www.openet.com.

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