PRESS RELEASE

Telcordia enhances real time charging with Openet

April 3, 2006 - Openet

PISCATAWAY, NJ, 3rd April 2006; Telcordia, a global provider of telecommunications software and services, today announces an expanded relationship with Openet Telecom, a global provider of OSS solutions.

Building on Telcordia’s ability to offer market-leading real time charging solutions, Fusionworks™ ActiveCharge from Openet enhances the Telcordia® Converged Real-Time Charging solution by providing wireline and wireless operators with a unique, pre-integrated combination. This enhanced, deployed solution helps ensure that global operators adopting, or who plan to adopt, IP Multimedia Subsystem (IMS) can stay ahead of the requirement to bill for any service, in any way, at any time.
 
As operators introduce new services with real-time authorization, charging and settlement requirements, the need for scalable, high performing solutions that can control millions of complex transactions is mission critical. Active mediation augments Telcordia’s extensive converged real-time charging capabilities, increasing the functionality that frees operators to create,, deliver, and accurately charge in real time for new revenue-generating services including rich interactive multimedia, location-based and personal information services. The enhanced solution track every stage of a transaction from ordering, through delivery and payment, and ensures that customers are only charged if the service request has been fulfilled and they have sufficient credit to complete a given transaction. This is the latest example of how Telcordia continues to deliver market-leading, sophisticated real time charging systems that operators rely on in order to manage the entire transactional charging process from beginning to end, while also guaranteeing a smooth customer experience.
 
“As Telcordia continues to enable operators to flexibly create, deploy and charge for new services in real time, our relationship with Openet Telecom offers operators a pre-integrated solution for active mediation that allows them to continue creating new services while remaining fully in control of subscriber transactions,” said Doug Fantuzzi, Vice President, Global Solutions, Telcordia. “We expect active mediation, as part of real time charging, to accelerate the adoption of new services since it allows operators to quickly and seamlessly provide more billing options and encourage subscribers to use and pay for new services, while gaining even more interactivity.”
 
The addition of active mediation allows subscribers to put in place a number of real time controls over the pre-paid or post-paid accounts they hold. For example, parental controls can be set over accounts where children are downloading data that mandates a limit to their account spend within a set of parameters, all in real time. As operators respond to growing consumer demand for greater control over their own accounts, Telcordia is clearing the way for operators to empower their customers, which in turn will result in quicker adoption of new services.
 
“Openet is pleased to work with Telcordia, the undisputed leader in the growing real time charging market,” said Joe Hogan, founder and CTO of Openet. “This is a powerful relationship because we have anticipated the integrated approach to real time charging and active mediation that the market now needs, and the solution is a market leading combination.”
 
Telcordia® Converged Real-Time Charging is an IMS-ready online charging system that supports both IMS and legacy networks simultaneously. A unique, highly flexible solution, it enables quick, easy creation and implementation of advanced services, rate plans, and promotions based on true real-time charging for any service on any network.
 
It is an open, flexible and fully interoperable element of the Telcordia® Maestro™ IMS Portfolio, a powerful set of wireless, wireline and converged products, services and applications that enables carriers to offer any service, over any network, via any device. With customer deployments in all regions of the world, Telcordia has already taken an early lead in the emerging IMS market, which is quickly becoming the standard network architecture for rich, converged services offered by operators of all types. With the Maestro portfolio, wireless, wireline, cable, and converged operators can realize the broad advantages of complete convergence and benefit from added revenue potential, greater network and operational efficiencies, reduced churn, and increased customer satisfaction and retention.
 
Fusionworks™ ActiveCharge from Openet is an IMS-compliant Online Charging Systems (OCS) that supports the widest set of standardized fixed, mobile and IP interfaces in the industry. With the addition of ActiveCharge, operators that plan to adopt IMS can begin using the Telcordia Converged Real-Time Charging solution immediately to converge pre-paid and post-paid services, delivered by the Telcordia® Converged Application Server, across a broad range of highly tailored service transaction types.
 
More information about the Telcordia® Converged Real-Time Charging and the Telcordia® Maestro™ IMS Portfolio is available at www.telcordia.com/maestro.
 
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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