November 3, 2011 Guvenc Kaplan

Telenity Announces New CEO

Chairman and Co-Founder Ilhan Bagoren Appointed as CEO of Telenity

Monroe, CT. – November 3, 2011 – Telenity (www.telenity.com), a leading provider of location based services, social media, mobile marketing and messaging platforms and solutions, today announced that Ahmet Ozalp will be stepping down as Chief Executive Officer effective November 4, 2011. Ilhan Bagoren, accomplished telecom entrepreneur with vast technology experience, chairman and co-founder of Telenity, will become the new CEO.

“This was a change planned for the last four months and Ilhan Bagoren has been actively involved in the day-to-day operations of Telenity, which will ensure a smooth transition period,” said Ahmet Ozalp. “I am delighted to have had the privilege to lead Telenity. For the last three years, we have focused on innovation and created a very exciting set of new products in areas such as location based services, mobile social networking and mobile marketing. We also adopted new business and pricing models that positioned us as an even stronger partner to mobile operators in a wide range of geographies including India, Turkey, Eastern Europe and Middle East and Africa (MEA) regions. Ilhan’s presence at R&D center in Istanbul and his pioneering leadership and experience will help us focus further on our execution and accelerate our growth.”

“I’m very excited about leading Telenity at this new phase of the company’s growth,” said Ilhan Bagoren. “We have an excellent team, a large and distinguished group of customers and a very attractive portfolio of ground-breaking products. I already see our investment in innovation and R&D in the last few years starting to pay off in terms of early customer interest and feedback. We are looking forward to publicly announcing several new products and services in the upcoming Mobile World Congress during February 27 – March 1, 2012. This next phase will be very rewarding for Telenity and its existing and new customers.”

Ahmet Ozalp will remain as a member of the Board of Directors at Telenity and will continue his full time career as a business executive in an Internet Technology company, in San Mateo, California.

About Ilhan Bagoren 
Ilhan Bagoren has over 25 years of experience in the telecommunications industry. Before founding Telenity, Bagoren was a co-founder of NewNet in 1989 where he managed NewNet’s technology and architecture strategy and pioneered new technology developments in computer-centric SS7 signaling and switching. At NewNet, he served as the President, establishing the company as the leading SS7 vendor in the market. Previously, Bagoren held several business development, engineering and operations positions at leading network equipment vendors such as Nortel and Alcatel. Bagoren holds a Master of Science Degree in Electrical Engineering and co-holder of three patents.

About Telenity
Telenity is a leading provider of next generation converged services and applications for communications networks. Telenity’s market ready software solutions include: reusable service delivery components (messaging gateway, 3rd party access gateway and location gateway) enabling rapid service creation and deployment, location-based social networking solutions, mobile marketing platform, integrated advanced messaging (SMS, MMS, USSD) applications and innovative value added services (personalized call management, mobile collect call, missed call notification, voice/video mail, ringback tones, location-based people finder). Headquartered in USA, Telenity’s worldwide customer base includes network operators, service providers and application providers serving over 500 million subscribers. 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.

Telenity and Canvas are registered trademarks of Telenity.

Contacts: 
Didem Karabatur
+1.203.445.2019
+90.212.468.2162
Didem.Karabatur@telenity.com