PRESS RELEASE

Openet Telecom opens US Office

April 6, 2000 - Openet

Dublin, Ireland, April 6, 2000 - Openet Telecom, which specialises in Internet Protocol mediation and business infrastructure software for global Communications Service Providers, has opened its first US office in San Francisco, California as part of its global expansion programme.

"There's simply no denying the sheer concentration of opportunity for Openet in the United States," said Stuart Kelly, VP of Sales & Marketing for Openet Telecom. A recent report by Insight Marketing on behalf of Openet Telecom estimates that the total market for mediation and business infrastructure in the telco space will surpass $3bn by 2004. Almost half of this will come out of the domestic U.S. market place.
 
Kelly added, "Part of Openet's core strategy is to aggressively build out its sales and marketing presence in the U.S. We have already consummated several deals with pan-European carriers that are American owned and are in the final stages of announcing several partnerships with organizations that will support us in our efforts there." Openet already has offices in Germany, Ireland and the UK.

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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