Openet says 2010 revenues up 60%

Openet, a provider of software to telecoms companies and other service providers, has said its 2010 revenues were up by more than 60 per cent, but did not release a turnover figure.

In 2009 Openet, which is headquartered in Dublin, had revenues of €46.1 million, which suggests it is now turning over €75 million.

The company said it also signed new customers in South Africa, Indonesia, Brazil and the Netherlands, while in Europe Orange France and Eircom’s mobile subsidiary Meteor invested in Openet technology.

IBM also announced last year that Openet was one of its key partners for cloud computing.