DUBLIN -- Openet, a global leader of high performance transaction management software for network operators today announced it has completed a $21 million funding round (EUR 16.9 million). The investment will enable Openet to serve accelerating customer demand by financing the development of direct and indirect distribution channels, product development, product management and deployment engineering. This fourth funding round brings total investment in Openet since 1999 to approximately $55 million (EUR 44 million).

The Company also announced the appointment of Margaret Rice-Jones to the Openet Board. As the former CEO and executive director of Aircom International and a director of NewBay, Psion, Abacus Polar and Trivanti, Margaret has a strong track record of managing private and public companies through periods of significant growth and change. She also brings extensive knowledge of the global telecoms and wireless markets.

Openet Telecom Ltd.