Camiant Names Telecommunications Industry Veteran Steve Slattery As President and CEO.

Former Nortel Networks Executive to Lead Company Aggressively Into Global Broadband Markets

MARLBOROUGH, Mass. -- Camiant, the leading provider of policy control and application assurance technology for service providers worldwide, today announced the appointment of veteran telecommunications executive Steve Slattery to the post of president and chief executive officer of the company. Slattery, who most recently led Nortel Networks' (NYSE: NT) Enterprise Solutions organization, will utilize his operational and business development expertise to continue Camiant's momentum in the policy server market for service providers worldwide.

Slattery's appointment signals an intensifying focus at Camiant to support next-generation broadband Internet protocol (IP) networks, and emerging wireless platforms which demand unparalleled performance in the delivery of multimedia content and applications. The company's policy management solutions portfolio enables broadband network providers to assure exacting allocations of network resources that support the flawless delivery of a wide array of applications.

"Steve's appointment underscores Camiant's commitment to serving top-tier customers around the world, and accelerating the growth of the company as multimedia applications and mobile convergence plays a critical role across market segments," said Ed Anderson, managing partner of North Bridge Venture Partners, and a member of the Camiant board of directors. "His prominence in the field of mobility, and his demonstrated ability to translate technology innovation into large-scale business, dovetails perfectly with Camiant's rising profile in the broadband sector. We are thrilled to have an executive of Steve's caliber lead Camiant into its next growth phase."

"I am excited to join a company that has been selected by so many tier-one mobile, cable and wireline service providers, and is uniquely positioned to leverage these successes in this strategic technology space," said Slattery. "A new era of broadband multimedia possibility is dawning, and Camiant is at its center."

Slattery is a well-known telecommunications executive with a reputation for advancing large, growing businesses that depend on innovative technologies. Most recently, he was president of Nortel's Enterprise Solutions business unit, where he established strategic partnerships with Microsoft and changed the trajectory of the division to its current 20% year-over-year quarterly revenue growth. Previously, Slattery served as president of Nortel's Carrier Packet Networks organization, which encompassed the company's Ethernet, optical, and wireline voice and data portfolios. He is also widely recognized as the driver of Nortel's successes in the mobile market, and for establishing Nortel as a key vendor at Verizon Wireless, Sprint, and other mobile operators for rollouts of their respective 3G infrastructures.

Slattery holds a B.S. degree in mechanical engineering from Queen's University in Kingston, Ontario, Canada, and a MBA from the University of Western Ontario in London, Ontario, Canada.

Note To Editors: A high-resolution headshot of Mr. Slattery is available upon request by contacting Keith R. Pillow at [phone], or by e-mail at [e-mail].

About Camiant

Camiant's proven policy control platform is the market leader with service providers worldwide deploying its solution to differentiate services such as SIP-based telephony, video communications, streaming media, games and commercial services, with quality of service and enhanced charging. Camiant's policy solution, available today, enables service providers to deploy non-IMS to fully-compliant IMS applications. Through real-time policy control, Camiant enables service providers to maximize the utilization of bandwidth, enhance their customers' experience, and increase revenue.