PRESS RELEASE

Openet Named as Finalist in 2009 American Business Awards

May 27, 2009 - Openet

DUBLIN, Ireland – May 27, 2009 – Openet, a provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, was named a Finalist today in the New Product or Service of the Year category in The 2009 American Business Awards.

The American Business Awards are the nation’s premier business awards program.  All organizations operating in the U.S.A. are eligible to submit entries to the ABAs – public and private, for-profit and non-profit, large and small.

More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories, including Most Innovative Company, Best Management Team, Best New Product or Service, Best Corporate Social Responsibility Program and Best Corporate Environmental Responsibility Program.  Openet will be competing in the New Product or Service of the Year category for Telecommunications.

Openet was nominated for its Fair Usage solution, which enables telecom service providers to ensure profitability from their data services by enforcing limits on consumer usage volume, while offering subscribers additional options when limits are reached.  Built on Openet’s award-winning FusionWorks™ Framework, service providers can implement the Fair Usage solution to meet needs for regulating telecom network bandwidth.  By identifying high-volume usage over any time period and implementing various escalation responses when limits are reached, such as reducing bandwidth or limiting specific types of services during peak hours, among other notable features, telecom operators are able to exert maximum control over networks.  These capabilities are crucial as content sent over wireless networks becomes richer, requiring increasing amounts of bandwidth.

“Despite very tough economic conditions, many organizations and individuals continue to perform well,” said Michael Gallagher, founder and president of The Stevie Awards.  “The results of the 2009 ABAs thus far are a testament to the resilience, creativity, and hard work of American organizations, executives and workers.”

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners from among Finalists in final judging that will continue through June 3.   Finalists were chosen by business professionals nationwide during preliminary judging in April through early May.

“As telecom network bandwidth becomes an increasingly in-demand resource, service providers are struggling to maintain high-quality service levels to ensure a flawless user experience,” said Niall Norton, CEO of Openet.  “Openet’s history of innovation enabled the creation of the Fair Usage solution to alleviate bandwidth problems for operators while improving performance for all subscribers.  This solution solves a very real issue in today’s uber-connected world where any type of content can be accessed via a mobile device.”

For more information about Openet’s Fair Usage solution, please visit: https://www.openet.com/offerings/software/network-control-monetization.

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba. 

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.

About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service.  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.

Supporting sponsors of The 2009 American Business Awards include High Performance Technologies Inc., John Hancock, Lifelock, RCN Corporation, Softpro, and Ultimate Software.  Media sponsor is the Business TalkRadio Network.  Localization partner of the 2009 Stevie Awards is Lionbridge.
 

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