Openet

Last updated

Openet Telecom, Inc.
Industrytelecommunication-software
Founded Dublin, Ireland (1999)
Headquarters Dublin, Ireland
Key people
Niall Norton, CEO
Joe Hogan, Founder and CTO
ProductsPolicy Manager, Evolved Charging, Convergent Mediation, Interaction Gateway
Number of employees
960 (2013)[ needs update ]
Website 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.

Contents

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. [1]

As of 2013, it had more than 900 employees and more than 80 customers in 32 countries.[ citation needed ] By 2011, Openet reportedly had an 11 percent share of the wireless policy management software market. [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]

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. [5] The judgment was reversed on appeal in Amdocs (Israel) Ltd. v. Openet Telecom, Inc. and case was settled in April 2018. [6]

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 ] The acquisition had completed by August 2020. [7]

Related Research Articles

BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.

<span class="mw-page-title-main">Cisco</span> American multinational technology company

Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. Cisco is one of the largest technology companies in the world ranking 74 on the Fortune 100 with over $51 billion in revenue and nearly 80,000 employees.

<span class="mw-page-title-main">SAP</span> German multinational enterprise-software company

<span class="mw-page-title-main">Huawei</span> Chinese multinational technology company

Huawei Technologies Co., Ltd. is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong. It designs, develops, manufactures and sells telecommunications equipment, consumer electronics, smart devices and various rooftop solar products.

Cisco Videoscape was a majority owned subsidiary of News Corp, which develops software for the pay TV industry. NDS Group was established in 1988 as an Israeli start up company. It was acquired by Cisco in 2012 before being sold back to the private equity company Permira in 2018 for US$1 billion. The company is currently headquartered in Staines, United Kingdom.

<span class="mw-page-title-main">Amdocs</span> Israeli-founded software company

Amdocs is a multinational corporation that was founded in Israel and currently headquartered in Chesterfield, Missouri, with support and development centers located worldwide. The company specializes in software and services for communications, media and financial services providers and digital enterprises.

<span class="mw-page-title-main">Smart Telecom</span>

Smart Telecom (AIM:SMR) was an Irish telecom operator that started as a phone card seller. It was also the third largest provider of cost-sensitive telecom services sector in Ireland, behind the incumbent operators eircom and BT Ireland. It had an estimated 50,000 land-line customers and 18,000 broadband subscribers. Smart operated several services:

<span class="mw-page-title-main">Broadcom</span> American semiconductor company

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2022, some 78 percent of Broadcom's revenue was coming from its semiconductor-based products and 22 percent from its infrastructure software products and services.

<span class="mw-page-title-main">Workday, Inc.</span> American software company

Workday, Inc., is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.

TTI Telecom, founded in 1992, is a developer and provider of next generation Operations Support Systems (OSS) to large communications service providers. TTI Telecom is based in Rosh Ha'ayin, Israel and operates subsidiaries in 7 other countries.

Tekelec, Inc. was a Morrisville, North Carolina based telecommunications company. It developed hardware and software for networks that are fixed, wireless, or packet-based. It provided IP services to help mobile carriers with network signaling, policy control, and subscriber data management.

Bridgewater Systems was a Canadian network management technology firm. It developed software for phone and cable companies. The firm was acquired by Amdocs in 2011.

SigValue Technologies Ltd. is a provider of Telecommunications billing software for the prepaid market; owned by Amdocs.

<span class="mw-page-title-main">Ruckus Networks</span> Networking equipment brand

RUCKUS Networks is a brand of wired and wireless networking equipment and software owned by CommScope. Ruckus offers Switches, Wi-Fi access points, CBRS access points, Controllers, Management systems, Cloud management, AAA/BYOD software, AI and ML analytics software, location software and IoT controller software products to mobile carriers, broadband service providers, and corporate enterprises. As a company, Ruckus invented and has patented wireless voice, video, and data technology, such as adaptive antenna arrays that extend signal range, increase data rates, and avoid interference, providing distribution of delay-sensitive content over standard 802.11 Wi-Fi.

Aurec Group, is an Israeli holding company that includes cable and telecom investments. It was established in 1968 by Morris Kahn.

cVidya

cVidya Networks is a provider of big data analytics products for communications and digital service providers. cVidya's market includes business protection and business growth, including revenue assurance, fraud management, marketing analytics and data monetization. The company has 300 employees in 18 countries and has over 150 customers. cVidya's investors include Battery Ventures, Carmel Ventures, Hyperion, StageOne, Saints Capital and Plenus.

ip.access

ip.access Limited is a multinational corporation that designs, manufactures, and markets small cells technologies and infrastructure equipment for GSM, GPRS, EDGE, 3G, 4G and 5G. The company was acquired by Mavenir in September 2020.

Telecommunications billing is the group of processes of communications service providers that are responsible to collect consumption data, calculate charging and billing information, produce bills to customers, process their payments and manage debt collection.

<i>Amdocs (Israel) Ltd. v. Openet Telecom, Inc.</i>

Amdocs (Israel) Ltd. v. Openet Telecom, Inc., 841 F.3d 1288, is a court case in the United States Federal Court System that ended with a panel decision by the Federal Circuit to uphold the patent eligibility of four patents on a system designed to solve an accounting and billing problem faced by network service providers. The district court had held the patents invalid because they were directed to an abstract idea. In the Federal Circuit panel's view the patents were eligible because they contained an "inventive concept"—a combination of elements that was sufficient to ensure that the patents amounted to significantly more than a patent on the ineligible concept itself.

Tejas Networks is an optical, broadband and data networking products company based in India. The company designs develops and sells its products to telecom service providers, internet service providers, utilities, security and government entities in 75 countries. The company has built many IPs in multiple areas of telecom networking and has emerged as an exporter to other developing countries including Southeast Asia and Africa.

References

  1. Lyons, Madeleine (12 December 1999). "XATF invests $2.7m for 13% of Openet Telecom". The Irish Times. Dublin, Ireland. Retrieved 15 June 2019.
  2. "Policy Management Report Summary" (PDF), Telecoms MEA, 1 March 2011, retrieved 12 March 2012[ permanent dead link ]
  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).
  7. "Amdocs wraps-up $180 million deal to buy Openet". 12 August 2020.