Openet Telecom Ltd.

Openet Telecom Ltd. is a telecommunications software provider, focused on delivering innovative solutions that drive data management and monetization for telecom and digital service operators. Openet Telecom Ltd. , founded in 1999 and headquartered in Dublin, Ireland, specializes in software solutions for the telecommunications sector.

The company was acquired by Amdocs, Inc. in July 2020 for approximately USD 180 mn. Emil Nielsen, the founder, has extensive experience in the telecom industry, enhancing Openet's strategic direction and growth. Openet specializes in innovative software solutions for telecommunications and digital service providers.

Their flagship products empower telecom operators to manage network resources effectively, improve customer experiences, and enhance revenue through advanced data analytics, policy management, and assurance services. Openet caters to clients across North America, Europe, and Asia Pacific, serving both established telecom operators and emerging digital service providers. In 2022, Openet reported a revenue of USD 65. 23 mn and an EBITDA of USD 1.

71 mn. The company generates revenue through software licensing, subscription models, and professional services, focusing on B2B transactions with telecom operators, ensuring access to ongoing support and maintenance services. Openet plans to leverage its recent acquisition by Amdocs, Inc. to enhance its product offerings and expand into new geographic markets.

The company is exploring opportunities in Asia and South America with anticipated developments to be announced by the end of 2023. The funding from the Trade Sale, finalized in July 2020, will support product innovation and market expansion initiatives.