PRESS RELEASE

Telcordia Technologies Enters Into Agreement With Openet Telecom To Resell Fusionworks Mediation

October 1, 2002 - Openet

Dublin and Morristown NJ, 1st October 2002; Openet Telecom, a world leader in convergent mediation, today announced that it has entered into a reseller agreement with Telcordia Technologies, Inc., a leader in the development of the world's most advanced communications services, network technologies and Operations Support Systems (OSS). Under the terms of the agreement, Openet's FusionWorks™ Mediation solution will be sold and distributed as Telcordia's preferred mediation product. Telcordia also intends to integrate FusionWorks™ Mediation with a number of its own products to develop new and innovative OSS solutions for service providers.

FusionWorks™ Mediation is a fully scalable convergent mediation platform that unifies customer usage patterns from legacy network infrastructures, IP networks and all generations of mobile networks, including WAP, GPRS, CDMA, TDMA, EDGE and UMTS. FusionWorks™ Mediation enables service providers to manage the growing complexity of their business infrastructure - including the collection of subscriber usage information, the integration of new and legacy billing systems, event-based transaction pricing and management, customer care, data warehousing, fraud management and other related applications.
 
"Telcordia will now be able to offer its customers a state-of-the-art mediation platform, thereby expanding our portfolio of OSS solutions for the service provider market," said Michael A. Kret, Vice President, Business Support Systems, Telcordia Technologies. "FusionWorks™ Mediation will enhance our ability to support our customers in strengthening their OSS operations in order to increase network usage revenue and maximise their ROI from existing services and infrastructure."
 
"Our agreement with Telcordia highlights Openet's marketplace leadership in the field of mediation," commented John Rainger, CEO, Openet Telecom. "Once again, FusionWorks™ Mediation has been selected as the mediation platform of choice following an extensive technical evaluation. We look forward to a long and mutually beneficial relationship with Telcordia."

About Telcordia Technologies
 
Telcordia Technologies, Inc., an SAIC company, is one of the world's largest providers of operation support systems, network software and consulting and engineering services to the telecommunications industry. A leader in the development of Next Generation Network technologies, Telcordia (www.telcordia.com) is headquartered in Morristown, NJ with offices throughout the United States, Canada, Europe, Central and South America.
 
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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