Openet
{{more citations needed|date=May 2022}}
{{Use Hiberno-English|date=July 2015}}{{Use dmy dates|date=April 2025}}
{{Infobox company
| name = Openet Telecom, Inc.
| logo = Openet 2020 logo.svg
| image_size = 150px
| industry = telecommunication-software
| foundation = Dublin, Ireland (1999)
| location = Dublin, Ireland
| key_people = Niall Norton, CEO
Joe Hogan, Founder and CTO
| num_employees = 960 (2013){{update inline|date=May 2022}}
| products = Policy Manager, Evolved Charging, Convergent Mediation, Interaction Gateway
| homepage = [http://www.openet.com/ www.openet.com]
}}
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 was acquired by Amdocs in 2020.
History
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.{{cite news|url=http://www.irishtimes.com/newspaper/finance/1999/1217/99121700195.html|title=XATF invests $2.7m for 13% of Openet Telecom|last=Lyons|first=Madeleine|date=12 December 1999|work=The Irish Times|access-date=15 June 2019|location=Dublin, Ireland}}
As of 2013, it had more than 900 employees and more than 80 customers in 32 countries.{{citation needed|date=May 2022}} By 2011, Openet reportedly had an 11 percent share of the wireless policy management software market.{{Citation|title=Policy Management Report Summary|date=1 March 2011|url=http://www.telecomsemea.net/system/files/Openet-Policy-Management-Report_WP_0.pdf|journal=Telecoms MEA|accessdate=2012-03-12}}{{Dead link|date=June 2019|fix-attempted=yes}}
Openet's product suite consists of Policy Manager, Evolved Charging, Interaction Gateway and Convergent Mediation.{{cite web|url=http://www.openet.com/products|title=Products|publisher=Openet|archive-url=https://web.archive.org/web/20130322151754/http://www.openet.com/products|archive-date=22 March 2013|url-status=|accessdate=21 March 2013}} Respondents to a December 2012 survey by Infonetics Research identified Openet, Tekelec and Huawei as the top three policy management vendors.{{Cite press release|title=Operators name Openet, Tekelec, Huawei top policy vendors; Marketing plays bigger buying role|date=14 December 2012|url=http://www.infonetics.com/pr/2012/Policy-Management-Strategies-Survey-Highlights.asp|archive-url=https://web.archive.org/web/20160304110723/http://www.infonetics.com/pr/2012/Policy-Management-Strategies-Survey-Highlights.asp|archive-date=4 March 2016|publisher=Infonetics Research}}
In August 2010, Amdocs initiated a legal complaint against Openet, 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.{{Cite news|url=https://www.siliconrepublic.com/discovery/openet-wins-summary-judgment-in-patents-case-filed-by-amdocs|title=Openet wins summary judgment in patents case filed by Amdocs|last=Kennedy|first=John|date=2 October 2012|work=siliconrepublic.com|access-date=15 June 2019|publisher=Silicon Republic Knowledge & Events Management Ltd.|location=Dublin, Ireland}} The judgment was reversed on appeal in Amdocs (Israel) Ltd. v. Openet Telecom, Inc. and case was settled in April 2018.{{Cite court|litigants=Amdocs (Israel) Limited v. Openet Telecom, Inc. and Opennet Telecom Ltd.|court=Fed. Cir.|opinion=2015-1180|date=1 November 2016|url=http://www.cafc.uscourts.gov/sites/default/files/opinions-orders/15-1180.Opinion.10-28-2016.1.PDF}}
In July 2020, Amdocs announced its plan to acquire Openet. The boards of directors of Openet and Amdocs approved the transaction for net consideration of approximately $180 million in cash which, subject to the satisfaction of the conditions to closing.{{citation needed|date=March 2021}} The acquisition had completed by August 2020.{{cite web | url=https://www.fiercetelecom.com/telecom/amdocs-wraps-up-180-million-deal-to-buy-openet | title=Amdocs wraps-up $180 million deal to buy Openet | date=12 August 2020 }}
References
{{Reflist}}
External links
- [http://www.openet.com Official Website]
Category:Software companies established in 1999
Category:Companies based in Dublin (city)