Showing posts with label Openet. Show all posts
Showing posts with label Openet. Show all posts

Sunday, July 26, 2020

Amdocs to acquire Openet for Digital BSS

Amdocs agreed to acquire Openet, a provider of 5G charging, policy and cloud technologies, in a deal valued at US$180 million.

Openet is a privately-owned company headquartered in Ireland, with offices in the US, Malaysia and Brazil and a global customer base.


“We are delighted the innovative Openet team is joining Amdocs. They bring world-class cloud-native capabilities, network pedigree, and deep 5G charging, policy and data management expertise,” said Shuky Sheffer, President and Chief Executive Officer of Amdocs Management Limited. “The Openet solutions complement our portfolio and this acquisition is part of our mission to accelerate the industry’s move to the cloud.”

“We are excited to join Amdocs, with whom we have been alongside at customers for many years, and help bring fast value to service providers’ 5G plans. It is truly a momentous day for Openet and for all of our stakeholders,” said Niall Norton, Openet CEO. “Given the strong momentum of our business this is an optimal time to be joining Amdocs. The caliber, resources and reach of Amdocs will bring significant and widespread opportunities across each of our disciplines.”

“We have been on a 20-year journey in Openet to build a business of which we can all be proud,” said Joe Hogan, Openet founder and CTO. “In recent years, we have built new 5G products which are recognized worldwide for their innovation and modern open, cloud-native architecture. We all look forward to the combined technology strengths of Openet and Amdocs creating new opportunities for service providers at this exciting time of 5G adoption.”

Tuesday, June 18, 2013

Openet Acquires Forkstream for PCRF Android Control

Openet, which specializes in real-time transaction management software and services (B/OSS), has acquired Forkstream, a start-up working on technology to define policies for routing mobile data streams within and between different access networks while ensuring a seamless user experience. Financial terms were not disclosed.

Forkstream, which was spun out of University College Dublin and supported by Enterprise Ireland, helps enable consumer devices to discover and communicate with non-3GPP networks such as Wi-Fi or WiMAX. Its ANDSF-compliant client for Android devices interacts with the network core via Openet Interaction Gateway, enabling operators to manage network access policies using their Policy Controls Rules Function (PCRF). The technology is fully compliant with 3GPP Access Network Discovery and Selection Function (ANDSF) standards.

Openet's portfolio combines policy and charging control with device and third party interaction to enable innovative charging models, to control operating cost and to personalize services.

"Integrating Forkstream into the Openet PCC ecosystem enables our customers to overcome many challenges related to seamlessly integrating multiple access networks with cellular services," said Openet CTO Joe Hogan. "They developed an elegant solution to ensure cross-network session continuity and flow management, which is key to a quality user experience."
Forkstream technologies extend the functionality defined within the 3GPP standards to include dynamic network selection as well as analytics and monitoring.

"We are thrilled to join the world's leading PCC vendor at a time when Operators are investing heavily in multi-access networks and cross-network services," said Forkstream co-founder John Fitzpatrick. "Supporting network access decisions within the policy and charging infrastructure makes it easy for operators to deliver more to their customers."
By interacting with the PCC infrastructure through Openet Interaction Gateway, Forkstream technology enables a mobile device to direct data flows across multiple networks simultaneously depending on defined PCRF policies. This provides granular control of traffic offload policies and enables new business models that include service options specific to an access network.

http://www.openet.com
http://www.forkstream.com/