PRESS RELEASE

Openet sees continued strong revenue growth

February 16, 2016 - Openet

Dublin, Ireland – February 16th 2016 – Openet, the leading supplier of real-time BSS and customer engagement systems, announced that 2015 revenues will be well over €100M representing strong growth. This is attributable to innovative service providers investing in new systems and use cases that will enable them to transition to become Digital Service Providers.

Niall Norton, Openet CEO, “In 2015 we saw major companies like T-Mobile Austria, BT and NTT – AT  work with Openet for mission critical control and monetization systems.  In addition to this, 2015 also saw new tier 1 customer wins in CALA, APAC and EMEA. These customers are coming to Openet as they want both the technology and the expertise to become more agile, drive new digital revenues, and provide a more personalized customer experience”.

Openet’s R&D investment for 2015 was 18% of revenue which underlines the Company’s on-going commitment to delivering innovative solutions. Norton continued, “Our new customer wins and existing customer upgrades are a reflection of the investment we’ve made in virtualization, new charging and policy use cases and new solutions such as network selection intelligence and real-time offer manager. We’re delivering cloud ready, fully automated systems that Digital Service Providers need to win in the new market”.

Openet is in its strongest trading position since the company’s foundation. With record levels of cash reserve, and credit facilities in place to support the increasing demand for its solutions, Openet is anticipating 2016 to be another year of strong growth.


-  ENDS  -

About Openet

Openet provides the systems and expertise to assist Communication Service Providers to grow to become Digital Service Providers. Openet enables this through our real-time monetization, control, and big data preparation systems. Our solutions enable service providers to be more innovative in how they engage with their customers to drive new revenues and increase their share of their customers’ digital spend.

Since its foundation in 1999, Openet has constantly been at the forefront of telecoms software development and innovation. Its success is personified by the many long-term relationships it has fostered with the largest, most progressive, and demanding operators across the globe. For more information visit www.openet.com

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