Openet products are used by telecommunications service providers to commercialize and analyze activity on their network by processing customers' data usage.

[citation needed] By 2011, Openet reportedly had an 11 percent share of the wireless policy management software market.

[2] Openet's product suite consists of Policy Manager, Evolved Charging, Interaction Gateway and Convergent Mediation.

[3] Respondents to a December 2012 survey by Infonetics Research identified Openet, Tekelec and Huawei as the top three policy management vendors.

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.