Pay for Parking via Mobile Phone; Parking Partners Selects XACCT N2B Platform for `park&...

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--May 30, 2001

XACCT Technologies, the leading provider of business infrastructure software solutions for IP networks, today announced that Parking Partners, the leading developer of innovative, market-driven

solutions for the parking industry, has selected XACCT Technologies to enable wireless parking payment solutions in Europe. This innovative mobile commerce (m-commerce) service will allow users to charge their wireless accounts for parking fees using any mobile device. XACCT's N2B(TM) (Network-to-Business) software platform allows Parking Partners to execute large-scale payment collection in real time. This innovative service eliminates the need to physically collect money and gives drivers the convenience of paying for parking via their phone bills.

Parking Partners park&dial(TM) product will enable motorists to pay for their street parking using their mobile phones or any wireless device. Parking revenues will be billed to the motorist's mobile phone bill or credit card account. This provides convenience for drivers while simultaneously improving revenue capture and time to revenue for parking operators.

"Parking Partners' market expansion plans are based on securing best-in-breed partnerships to assist with our launch of one of the first mass-market mobile commerce applications. Recent recognition from Gartner that positions XACCT as a market leader in the mobile telecommunications middleware sector, confirms their status as an ideal partner for Parking Partners," said David Andrew, CEO of Parking Partners. "Our portfolio of mobile Internet software products will offer real, immediate income streams for mobile operators."

In the near future, car owners will be able to derive many advantages from the combination of Parking Partners' mobile technology and XACCT's N2B platform, that is able to capture and transform raw network usage data from General Packet Radio Service (GPRS) and Universal Mobile Telephone Service (UMTS) networks into information to be used for billing, fraud prevention, and other support applications.

"Parking Partners has developed a potential killer application for mobile Internet users in Europe," commented XACCT's Stig Landstrom, regional director, Northern Europe. "The partnership between Parking Partners and XACCT brings the benefits of m-commerce to consumers. This solution not only provides consumers with a quick, secure, and easy method of payment, but also gives a shorter time-to-revenue model for parking operators. XACCT is pleased to be working with Parking Partners in delivering this pioneering mobile commerce application."

About Parking Partners

Parking Partners(TM) (www.parkingpartners.com) specialize in the development of innovative, market driven solutions for the parking industry. Parking Partners software solutions allow seamless integration of parking, telecommunications, financial and billing partners, to meet the needs of both the motorist and parking lot operator.

Parking Partners have developed a broad portfolio of parking payment & enforcement software solutions. This product range will meet the needs of changing consumer lifestyles and industry dynamics in the emerging Mobile-Internet environment. Parking Partners Limited was founded in Dublin 2000 with additional overseas offices in New York and London. Parking Partners AB was incorporated in Stockholm in February 2001 to support expansion in Sweden and the rest of Scandinavia. Parking Partners have a wide range of strategic and financial partners including Telia Mobile, SEB, PEEK Traffic and XACCT.

About XACCT Technologies

XACCT Technologies is the market and technology leader in intelligent business infrastructure software for Internet carriers and network service providers. XACCT's award-winning, carrier-class Network-to-Business (N2B(TM)) platform speeds time to market and time to revenue for new Internet services while lowering service provider costs. XACCT offers the industry's first and only platform that enables real-time data capture and enhancement; seamless integration with any upstream business or operations application; and instantaneous, flow-through service provisioning. XACCT was recently named by Red Herring magazine as one of the "Top 50 private companies most likely to change the world." XACCT investors include Sun Microsystems (Nasdaq:SUNW), Dell Computer (Nasdaq:DELL), Deutsche Bank (DTBKY:OTC US), Technology Crossover Ventures, Trident Capital, Ampal (Nasdaq:AMPL), Eucalyptus Ventures, and Israel Seed Partners. With offices around the globe, XACCT has more than 60 customers, including Bell Canada (NYSE:BCE), British Telecom (NYSE:BT), Broadwing (NYSE:BRW), Cable & Wireless (NYSE:CWP), COLT (Nasdaq:COLT), Global One, Genuity (Nasdaq:GENU), Interland (Nasdaq:ILND), Siemens (NYSE:SIE), Teleglobe (NYSE:BCE), TV Cabo, Verio (NYSE:NTT), and WorldCom (Nasdaq:WCOM).

Americas Headquarters:               EMEA/APAC Headquarters:

XACCT Technologies                   XACCT Technologies
2900 Lakeside Drive                  12 Hachilazon St.
Santa Clara, CA 95404                Ramat Gan 52522, Israel
Tel: 408/654-9900                    Tel: +972 3 5764 111

Note to Editors: XACCTusage, XDR, XIS, N2B, and XACCTmobile are trademarks of XACCT Technologies, Inc. All other trademarks are the property of their respective holders.