Openet

Openet is a software vendor with corporate headquarters in Dublin, Ireland, and two regional headquarters in Malaysia and the United States with offices worldwide. Openet products are used by telecommunications service providers to commercialize and analyze activity on their network by processing customers' data usage.

Openet
TypePrivate
Industrytelecommunication-software
FoundedDublin, Ireland (1999)
HeadquartersDublin, Ireland
Key people
Niall Norton, CEO
Joe Hogan, Founder and CTO
ProductsPolicy Manager, Evolved Charging, Convergent Mediation, Interaction Gateway
Number of employees
960 (2013)
Websitewww.openet.com

The company was founded in 1999 by Joe Hogan and Declan Conway, both ex-Retix Ireland employees. It received its initial funding from Cross Atlantic Technology Fund (XATF), which invested US$2.7 million for a 13.0% stake.[1] In 2013 it had more than 900 employees and more than 80 customers in 32 countries.

Openet has an 11 percent share of the wireless policy management software market, the largest among its competitors.[2] Openet's product suite consists of Policy Manager, Evolved Charging, Interaction Gateway and Convergent Mediation.[3] Respondents to a December 2012 survey by Infonetics Research identified Openet, Tekelec and Huawei as the top three policy management vendors.[4] Amdocs initiated a legal complaint against Openet in August 2010 alleging the company violated two of its patents. Two additional patents were added to the case in January 2011. In the United States, a Virginia District judge Leonie Brinkema ruled in Openet's favour in February 2012, finding that Openet did not infringe on Amdocs' patents.[5] The judgment was reversed on appeal in Amdocs (Israel) Ltd. v. Openet Telecom, Inc. and case was settled in April 2018.[6] On July 23rd 2020, Amdocs announced to acquire Openet.

The Boards of Directors of Openet and Amdocs have approved the transaction for net consideration of approximately $180 million in cash which, subject to the satisfaction of the conditions to closing,

References
  1. Lyons, Madeleine (12 December 1999). "XATF invests $2.7m for 13% of Openet Telecom". The Irish Times. Dublin, Ireland: Irish Times Trust CLG. Retrieved 15 June 2019.
  2. "Policy Management Report Summary" (PDF), Telecoms MEA, 1 March 2011, retrieved 12 March 2012
  3. "Products". Openet. Archived from the original on 22 March 2013. Retrieved 21 March 2013.
  4. "Operators name Openet, Tekelec, Huawei top policy vendors; Marketing plays bigger buying role" (Press release). Infonetics Research. 14 December 2012. Archived from the original on 4 March 2016.
  5. Kennedy, John (2 October 2012). "Openet wins summary judgment in patents case filed by Amdocs". siliconrepublic.com. Dublin, Ireland: Silicon Republic Knowledge & Events Management Ltd. Retrieved 15 June 2019.
  6. Amdocs (Israel) Limited v. Openet Telecom, Inc. and Opennet Telecom Ltd., 2015-1180 (Fed. Cir. 1 November 2016).
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