Openet Telecom, a world leader in convergent mediation, real-time charging and network-edge rating, has announced that a leading wireless operator in Central and South America has chosen Openet’s Revenue Assurance solution to address revenue leakage issues at the network edge. Based on Openet’s industry-leading FusionWorks™ Mediation product, the Revenue Assurance solution will enable the operator to detect and eliminate revenue leakage in real-time, bringing an immediate increase to top line revenue and profitability.

The scope of this project with Openet includes Mediation and Correlation for all of the Operators voice traffic with a goal of enhancing the Revenue Assurance reporting and controls for not only voice traffic, but all other types of usage as well. Some of the additional usage types that will be processed with the Openet FusionWorks solution include: Push-To-Talk traffic, SMS, MMS and Packet Data.

“This latest customer win for Openet illustrates the flexibility of Openet’s products to provide network-edge business solutions that increase revenue and profitability,” said Apollo Guy , Openet Vice President of Sales and Alliances for the Americas, “Openet’s Revenue Assurance solution delivers considerable more revenue to the billing system than the operator’s legacy system”

Openet’s newest customer provides a range of voice and data services to millions of mobile subscribers in multiple countries in Central and Latin America . The deployment of Openet’s Revenue Assurance solution will collect network usage data for voice, push-to-talk, text messaging, multimedia messaging and wireless data services and provide real-time analysis and reporting capabilities that identify and correct revenue leakage.

The project will encompass multiple phases with the first being scheduled for delivery by the end of year 2006 and the final phase of this initial project scheduled to deliver in the second quarter of 2007 with multiple deliveries scheduled in the interim.

About Openet Telecom
Openet Telecom is a leading worldwide provider of event processing and transaction management solutions that enable service providers to maximize profitability, minimize deployment and management costs and ensure regulatory and partner requirements compliance. Our products – FusionWorks Mediation, FusionWorks Charging, and FusionWorks Real-Time Rating – and the solutions they enable, set the industry standard for availability, performance and scale in processing and management of network activity events and transactions in multi-service convergent environments.

With headquarters in Dublin, Ireland and offices in the United States, Singapore and Brazil and Malaysia , Openet Telecom has signed customers that include British Telecom, Cingular Wireless, StarHub, Iusacell, Orange Group, T-Mobile, TIM, Telstra, Verizon Wireless and Vodafone. Additional information is available at www.openet.com.