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July 11, 2001 UK
Openet
Telecom - Openet Telecom named in Wall Street Journal survey as
a European company in which VCs ...
Openet Telecom - Openet Telecom
named in Wall Street Journal survey as a European company in which
VCs would most like to invest - Only Irish company listed in Venture
Capital Envy Poll.
Openet Telecom, the world leader in convergent mediation, was
today named in a Wall Street Journal survey, as one of the companies
in which European venture capitalists would most like to invest.
Openet Telecom (www.openet-telecom.com) is the only Irish company
listed in the quarterly Venture Capital Envy Poll conducted by The
Wall Street Journal.
The Envy Portfolio is compiled by asking a panel of venture capitalists
to name two European-based, venture-backed companies they admire
but in which they have been unable to invest. The objective is to
build a picture of which early stage companies are currently generating
the most excitement in the VC community.
Openet Telecom is listed among 21 European technology companies
which, according to The Wall Street Journal, "boast cutting-edge
technologies and impressive management teams to have allowed them
to continue to raise substantial funds from private investors".
Openet Telecom bucked the trend in the technology sector by recently
announcing plans to create 200 new jobs by the end of 2002 as part
of a global expansion plan. Established in July 1999, Openet Telecom
is a world leader in providing scalable mediation solutions that
enable communication providers with diverse networks to easily implement,
manage and bill sophisticated services. The company is backed by
the Cross Atlantic Technology Fund.
About Openet Telecom
Established in July 1999, Openet Telecom is the world leader in
providing scalable mediation solutions that enable communication
providers with diverse networks to easily implement, manage, and
bill sophisticated services.
Openet Telecom`s flagship product FusionWorks is a high performance
convergent mediation platform that unifies customer usage patterns
from legacy network infrastructure, IP Networks and next generation
Mobile Networks, including WAP, GPRS, EDGE and UMTS. Openet`s convergent
capability enables communication providers to address new consumer
demands in the liberalised telecommunications market.
With
headquarters in Dublin, Ireland and offices in London, Paris, Frankfurt,
Stockholm and San Francisco,Openet Telecom has already signed customers
including AT&T Wireless services, Cable and Telephone, Convergent
Networks Services, Esat (a subsidiary of British Telecom), Essent,
First Mark, Global Telesystems (GTS), Nextra (a subsidiary of Telenor
AS) and World Access.
For more information visit us at http://www.openet-telecom.com
Sources: M2 PRESSWIRE 11/07/2001
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