Openet is a software vendor with corporate headquarters in

Dublin, Ireland Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 cen ...

, and two regional headquarters in

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

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 Amdocs ( he, אמדוקס) 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 ...

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 for a 13.0% stake. As of 2013, it had more than 900 employees and more than 80 customers in 32 countries. By 2011, Openet reportedly had an 11 percent share of the wireless policy management software market. Openet's product suite consists of Policy Manager, Evolved Charging, Interaction Gateway and Convergent Mediation. Respondents to a December 2012 survey by Infonetics Research identified Openet, Tekelec and Huawei as the top three policy management vendors. 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. The judgment was reversed on appeal in ''

Amdocs (Israel) Ltd. v. Openet Telecom, Inc. '' Amdocs (Israel) Ltd. v. Openet Telecom, Inc.'', 841 F.3d 1288 (Fed. Cir. 2016), 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 ...

'' and case was settled in April 2018. 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. The acquisition had completed by August 2020.

References

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External links

Official Website
Software companies established in 1999 Companies based in Dublin (city) Software companies of Ireland 1999 establishments in Ireland