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Intec honoured with Frost & Sullivan Growth Strategy Leadership Award

Frost & Sullivan recognizes Intec M&A strategy and BSS/OSS market share growth

Palo Alto, Calif. —March 20, 2006— Frost & Sullivan announced today the selection of Intec as the recipient of its 2006 Growth Strategy Leadership Award in the communications billing vendor market. This award follows Frost & Sullivan’s most recent analysis of the world communications billing market.

Intec was selected for this award because it led the billing vendor market in terms of revenue growth in 2005, achieving 69% growth while the rest of the market remained flat. This achievement was the result of the company’s successful, long-term M&A strategy, which focuses on the acquisition of key assets that enable the company to broaden its comprehensive, market-leading product portfolio, as well as consolidate competitors to achieve improved market share.

Frost & Sullivan Research Analyst Daniel Longfield commented, "Award recipients are chosen based not only on continued high growth rates but also on the execution of a strategy that has secured its market position and will have a lasting impact on the market overall. In 2005, Intec successfully integrated the Singl.eView assets acquired from ADC into its operations. This has given Intec a well-regarded retail billing product, Intec Convergent Billing, to complement its already market-leading mediation and interconnect billing solutions."

To date, Intec’s execution on its expansion into the retail space has been very successful. The company won a number of multi-million dollar retail billing contracts in 2005, increasing its footprint in existing customers as well as securing a number of new name customers for the Intec Convergent Billing solution.

"M&A has always been a key element of Intec’s business strategy and something that we do well through focusing on essentials like technology and operational fit, financial potential, and cultural compatibility," said Intec CEO Kevin Adams. "Successful M&A means more than just picking the right assets to enhance your market offering; it also means integrating those assets seamlessly into your operations so that their impact on the bottom line, and their long-term value, is maximised."

"We’re pleased to receive this award from Frost & Sullivan," Adams added. "The industry as whole commented positively on our acquisition of the Singl.eView assets in 2004. But this award reflects Intec’s consistent execution of our vision and market strategy to offer the broadest and deepest BSS/OSS product set in the market."

According to Longfield, the integration of Singl.eView with Intec’s existing Dynamic Charging Platform (DCP), acquired in 2003, is particularly notable. The combination of the flexibility and real-time charging capabilities within DCP and the scalability and carrier-grade operability of Singl.eView is expected to provide a clear advantage for the management of new IP-enabled services.

About Intec

Intec Telecom Systems is a leading supplier of business and operations support systems (BSS/OSS) to over 350 customers across the global telecom industry. Intec is world market leader in both inter-carrier billing and mediation, and one of the largest suppliers of retail billing systems. Intec’s customer base now includes over 60 percent of the world’s top 100 carriers. Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has over 1,600 staff and 31 offices in 25 countries. For more information, visit the Intec website at www.intecbilling.com

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

Contact:

Stacie Jones

210.247.2450

Stacie.jones@frost.com

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