PRESS RELEASE

Openet Telecom Included In ‘Tornado Insider 100’

July 11, 2002 - Openet

Dublin, 11th July 2002, Tornado Insider's recently released Top 100 list features Openet Telecom as one of Europe's leading, private, high-technology companies.

Openet Telecom, the world leader in convergent mediation, is pleased to announce their selection by Tornado Insider as one of Europe's top 100 emerging high-technology companies. The list, which features in the July issue of Tornado Insider magazine, identifies the most promising and innovative privately-held companies in Europe's IT and biotech sectors.
 
"Openet's inclusion in this list is tremendous recognition of the strides we have made in the European and international market place this year," said John Rainger, CEO at Openet Telecom. "This honour underscores Openet's mission to provide communication service providers with the very best mediation and pre-paid solutions on the market. Our listing can be seen as a tribute to the quality of our staff and technology."
 
Openet has already established itself as a leader in providing scalable convergent mediation solutions that enable communication service providers with diverse networks to easily implement, manage and bill sophisticated services. Openet customers now include some of the biggest operators in the world including BT, Rural Cellular and TMN Portugal.
 
"This year's ‘Tornado Insider 100' companies have demonstrated a proven ability to be creative, agile and truly innovative in a challenging climate," said Ron Goen, CEO of Tornado Insider. "We believe that these companies will continue to provide an enduring value to their customers, their shareholders and the marketplace."
 
The ‘Tornado Insider 100' listing is based on thousands of candidates which are narrowed down by Tornado Insider's research and editorial departments, in conjunction with industry insiders, high-tech analysts as well as sector and regional specialists. The companies included in this year's list had to meet the requirement of selling products that matched their marketing promises. The list also recognised companies with prudent management that managed to stay afloat by utilising their funding in the most effective manner, favouring companies that have clearly demonstrated that the technology they are commercialising today will change the way things are done tomorrow.
 
"These companies are the cream of Europe," added Timothy Weeks, Tornado Insider's senior research analyst. "The fact that they not just survived but are thriving in a downturn adds even more to their market."

About Tornado Insider
 
Magazine
 
Tornado Insider is a subscription-based, monthly magazine that has quickly become a must-read for entrepreneurs and investors interested in Europe. Readers find well-informed and sometimes irreverent views on what's really driving the European startup scene, with articles that spot long-term technology trends, hot new companies and the people who make it happen. Entrepreneurs can keep an eye on the competition, and investors clue in to where they should put their money next. In 2002, Tornado Insider is also extending its coverage to emerging biotech companies.
 
Research
 
Tornado Insider Research offers a range of data services covering the entrepreneurial economy in Europe and Israel. Its premier product is the Deals in Europe Data Service, which tracks European venture capital investment. Subscribers include some of the most prestigious venture capital firms in Europe, startups, and service firms interested in finding out who has the cash. Tornado Insider Research is supported by Radar Online, the most comprehensive database of private companies, investors and advisors in the high-tech sector in Europe. Electronic newsletters also provide comprehensive weekly or bi-weekly editorial and research coverage on topics related to the startup economy. They include Weekly Update, news and analysis of high-growth Europe; Deals in Europe, a round-up of weekly venture capital investments; Wireless Europe, wireless investments and technology; Careers in Europe, tracking the people, jobs and careers of high-growth Europe and Exits Europe, reporting mergers and acquisitions and IPO's in high-growth sectors.

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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