PRESS RELEASE

Openet Receives 11th Annual Product of the Year Award from INTERNET TELEPHONY Magazine

January 22, 2009 - Openet

DUBLIN, Ireland—January 22, 2009—Openet, the leading provider of Transactional Intelligence for the world’s largest and most innovative network service providers,  announced today that Technology Marketing Corporation’s (TMC®) INTERNET TELEPHONY magazine (www.itmag.com) has named FusionWrks™ Framework 5.0 a winner of its 2008 Product of the Year Award.

As the foundation for all of Openet’s products, FusionWorks Framework 5.0 provides improved unified logging capabilities, statistics system and operations administration and maintenance, to ensure increased value of operators’ Transactional Intelligence of all services, across all networks.  This version improves the underlying scalability and event throughput, as well as increased transactions per second speed.

“Openet remains dedicated to providing its customers with superior Transactional Intelligence services to advance their offerings and strategies for high-revenue content and services,” said CEO Niall Norton.  “We are honored to be recognized as an innovative global communications leader, and we look forward to continuing to arm our customers with cutting-edge solutions to stay ahead of this industry’s evolving challenges.”

FusionWorks Framework 5.0 is the platform at the core of all of Openet’s offerings, supporting its suite of solutions, applications and products.  Recently announced solutions include applications such as Spending Limits, Credit Controls, Flexible Accounts, Loyalty Programs, Parental Controls, Charging Gateway and Tiered Pricing Models, as well as the Policy Manager and Balance Manager products.  The Framework also supports Openet’s most recent application, Fair Usage. 

“INTERNET TELEPHONY is pleased to grant a 2008 Product of the Year Award to Openet for its FusionWorks Framework 5.0.   Openet has proven it is committed to quality and excellence while addressing real needs in the marketplace,” said Rich Tehrani, TMC President and Editor-in-Chief of INTERNET TELEPHONY magazine.  “We’re proud to honor its accomplishments in the advancement of IP communications and look forward to more innovative solutions from them in the future.”

A full list of Product of the Year winners will be published in the February, 2009 issue of INTERNET TELEPHONY magazine, (www.itmag.com).  INTERNET TELEPHONY has been the authority in IP communication since 1998™. For more information about TMC, please visit www.tmcnet.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.

About INTERNET TELEPHONY magazine
INTERNET TELEPHONY has been the IP Communications Authority since 1998™. Beginning with the first issue in February of 1998, INTERNET TELEPHONY magazine has been providing unbiased views of the complicated converged communications space. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs. INTERNET TELEPHONY magazine reaches more than 225,000 readers, including pass-along readers.  For more information, please visit www.itmag.com.

About TMC
Technology Marketing Corporation (TMC) is an integrated global media company helping our clients build communities in print, in person and online.  TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and NGN Magazine.  TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs.  TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by three million unique visitors each month worldwide, according to Webtrends. In addition, TMC produces INTERNET TELEPHONY Conference & EXPO and Communications Developer Conference.

For more information about TMC, visit www.tmcnet.com.

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