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Technology Stocks : Portal Software, Inc. (PRSF)

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To: DD™ who started this subject4/25/2001 10:47:36 AM
From: Geoff Altman  Read Replies (1) of 318
 
SAN FRANCISCO, April 25 /PRNewswire/ -- Openet Telecom, the world leader
in convergent mediation, today announced the completed integration and
immediate availability of Openet's FusionWorks(TM) with the Portal Software,
Inc., (Nasdaq: PRSF) Infranet(R) Wireless product line. The combined
industry-leading software platforms are ideally suited for next-generation
wireless service providers in need of a seamless, real-time or batch-based
mediation and billing solution to manage the complexities of convergent
wireless services, including voice, WAP, GPRS and emerging wireless services.
"With the integration of FusionWorks and Infranet Wireless, service
providers now have a powerful solution that consolidates any level of usage
and billing data across multiple, diverse networks and speeds the deployment
of new services and applications," said Philip Hogan, vice president,
strategic alliances at Openet. "Now customers using Portal's Infranet can
quickly and easily enhance their billing capabilities and fully leverage their
network resources with the same convergent mediation system that AT&T Wireless
recently selected after a thorough, industry-wide evaluation."
Openet's FusionWorks enables service providers to manage the growing
complexity of their business infrastructure -- including the collection of
subscriber usage information, the integration of new and legacy billing
systems, event-based transaction pricing and management, customer care, data
warehousing, fraud management and other related applications. The software
easily interfaces with applications that provide a unified, real-time view of
each customer and their usage habits, enabling service providers to target
strategic sales and marketing campaigns that lead to increased revenues and
improved speed-to-market when introducing high-margin, value-added services.
Using FusionWorks, the implementation time for business systems support of new
services or network elements is reduced from months or years to days or weeks.
Portal's Infranet Wireless product line offers extensive support for
convergent wireless services. With Infranet, service providers can rapidly
develop business models and price plans for a multitude of voice and data
services for delivery to a variety of devices. Infranet allows service
providers to quickly provide convergent bills for services over mobile phones
or multiple devices; price new services based on value, usage or quality of
service; support pre-paid and post-paid price plans; deploy complex
revenue-sharing agreements with value chain partners; develop interactive
pricing models that incorporate real-time advice-of-charge; and develop
branding programs.
"Openet's FusionWorks is an excellent platform for filtering and
aggregating complex usage data for next-generation wireless carriers
introducing value-added services," said John Janetos, director of strategic
alliances at Portal Software. "Now that the integration of our platforms is
complete, our customers can leverage the enhanced billing and mediation
capabilities to develop new business models that take advantage of the
increasing complexity in carrier infrastructure."

About Portal Software, Inc.
Portal Software provides software to manage next-generation communications
and e-services. The Infranet software platform enables service providers to
rapidly deploy new services, define optimal business models and price plans,
and bill their users. Portal's software is licensed by more than
three-quarters of the world's 25 largest communications services companies to
support wireless, broadband Internet, next-generation voice, and other
e-service offerings. Customers include AOL Time Warner, Reuters,
Qwest Communications, Sprint, NTT, Deutsche Telekom, Telenor Mobil AS,
China Telecom, and France Telecom and Akamai Technologies, Inc. Portal
Software employs over 1,500 people at more than 40 offices worldwide.

About Openet Telecom
Established in 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 liberalized
telecommunications market.
With headquarters in Dublin, Ireland and offices in London, Paris,
Frankfurt, Stockholm and San Francisco, Openet Telecom customers include
AT&T Wireless, Cable and Telephone, Convergent Networks Services,
Esat (a subsidiary of British Telecom), Essent, First Mark, Global
Telesystems, Nextra (a subsidiary of Telenor AS) and World Access. For more
information visit www.openet-telecom.com.

FusionWorks is a registered trademark of Openet Telecom. Any other
trademarks referenced herein are the property of their respective company.

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SOURCE Openet Telecom
-0- 04/25/2001
/CONTACT: Terri Douglas of Catapult PR-IR, 303-581-7760,
tdouglas@catapultpr-ir.com, for Openet Telecom; or Gerard Sheridan of
Openet Telecom, 415-848-2440, Gerard.Sheridan@Openet-Telecom.com/
/Web site: openet-telecom.com
(PRSF)
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