Telenity Appoints Ahmet Ozalp as Chief Executive Officer

MONROE, Conn.--(BUSINESS WIRE)--Telenity (www.telenity.com), a leading provider of next generation converged services platforms and applications for communications networks, today announced that Ahmet Ozalp has been named Chief Executive Officer effective June 8^th, 2009. Ozalp brings nearly two decades of experience in telecommunications, wireless and digital media industries, as an executive, technologist and venture capitalist.

“I am pleased to welcome Ahmet Ozalp to Telenity. Ahmet’s broad experience with leading technology companies and his technical expertise in the telecommunications and wireless space will complement our management team as we continue to offer new, innovative value added services (VAS) solutions into the global marketplace”

“I am pleased to welcome Ahmet Ozalp to Telenity. Ahmet’s broad experience with leading technology companies and his technical expertise in the telecommunications and wireless space will complement our management team as we continue to offer new, innovative value added services (VAS) solutions into the global marketplace,” said Ilhan Bagoren, Chairman and Board Member at Telenity. “Ahmet’s vision and great perspective on achieving operating efficiencies will assure continued momentum for Telenity’s sustained growth and global expansion.”

“With hundreds of its systems deployed globally, Telenity has already established itself as an emerging leader in value added services, integrated messaging applications, location-based services and service delivery solutions for telecommunications operators,” said Ahmet Ozalp, CEO at Telenity. "Going forward I am delighted to have the opportunity to lead Telenity’s exceptional team and help our existing and future customers grow their revenues with innovative value added services while maximizing their return on investment.”

With over 15 years of industry experience, Akif Arsoy also joins Telenity effective June 8^th, 2009 as Vice President of Product Management reporting directly to the CEO. Arsoy brings vast industry experience in product development and management and he will further improve the product life-cycle, planning, product launch and go-to-market processes for Telenity’s product portfolio globally, and drive its profitable growth.

“Telenity will benefit greatly from Akif’s excellent track record and in-depth knowledge of the telecommunications industry,” said Ahmet Ozalp.

“I believe that these two significant appointments will further support Telenity’s growth, and help continue its success globally,” said Ilhan Bagoren. “The telecom industry is facing a dynamic future, especially in emerging markets and Telenity is in the right place, at the right time with the right product portfolio and management team to take full advantage of the potential.”

About Ahmet Ozalp

Most recently, Ahmet Ozalp was a Partner at Atlas Venture, an early stage venture capital, where he focused on investments in telecommunications, wireless and digital media. While at Atlas, Ozalp led investments in several startup companies including Extend Media and Myvu Corporation, where he still holds board seats. Ozalp also worked closely and had board level involvement with Ellacoya Networks (acquired by Arbor Networks), Isilon (IPO, Nasdaq:ISLN) and Gotuit Media. Before joining Atlas, Ozalp was VP of Marketing at Narad Networks, a VC-backed start-up company in the broadband access and cable infrastructure space, which was acquired by Ciena (Nasdaq:CIEN). Prior to Narad, Ozalp was a management consultant for Bain & Company in its technology and media practice working extensively with telecommunications equipment vendors, service providers and digital media companies.

In the earlier part of his career, Ahmet Ozalp spent six years at NewNet, a telecom startup, which was acquired by ADC (Nasdaq:ADCT) during his tenure. At NewNet, Ozalp was a member of the founding team who created the industry’s first low cost, UNIX based SS7 platform and one of the first short messaging systems. He held successive positions as software engineer, product manager and director of engineering. While at ADC, Ozalp was the Product Line Director of the Advanced Wireless Intelligent Networks Group. He holds an MBA from the Wharton School at the University of Pennsylvania, an MS in EE from Columbia University.

About Akif Arsoy

Most recently, Akif Arsoy was the senior product manager at VeriSign’s Communications Group overseeing the products related to peering, SIP trunking and fixed mobile convergence. Prior to Verisign, Arsoy served as Director of Engineering at Sentito Networks managing the group building a line access gateway. Previously, Arsoy held engineering, product management and sales engineering positions at SS8, ADC, NewNet and EBS. Arsoy holds an MBA from the University of Massachusetts at Amherst, BS in Mathematics and BSEE from Drexel University.

About Telenity

Telenity is a leading provider of next generation converged services and applications for communications networks. Telenity's market ready software solutions include: integrated advanced messaging (SMS, MMS, USSD) applications, innovative value added services (personalized call management, mobile collect call, missed call notification, voice/video mail, multimedia ringback tones, location-based people finder); and reusable service delivery components (messaging gateway, 3^rd party access gateway and location gateways) enabling rapid service creation and deployment. Headquartered in USA, Telenity's worldwide customer base includes network operators, service providers and application providers serving over 300 million customers. Telenity partners with global and regional network equipment providers, system integrators and computing platform manufacturers. Learn more about Telenity's Canvas^® family of converged services solutions at www.telenity.com and download a copy of Telenity's online newsletter Telescope.

Visit Telenity at: