Intec Listed in Top 200 of Software Magazine's 22nd Annual Software 500

– Software Magazine ranks Intec as one of the world's largest software companies –

London, September 23, 2004 – Intec today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalogue on Softwaremag.com. Intec was ranked 190th, with software revenue in 2004 of $90.2 million.

“We are delighted to enter the prestigious Software 500 for the first time this year at number 190,” said Intec CEO, Kevin Adams. “Intec has enjoyed over 40% compound growth over the past five years, and with our recent acquisition of the Singl.eView retail billing business from ADC we are still growing rapidly.”

The ranking is based on total worldwide software and service revenue for 2003. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at Softwaremag.com , as well as from public documents.

About Softwaremag.com, The IT Software Journal
Softwaremag.com, The IT Software Journal, is the Web publishing effort of Software Magazine, a brand name in the industry for over 20 years. Softwaremag.com is the online catalogue to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies, now in its 22nd year. Software Magazine and Softwaremag.com are owned and operated by King Content Co., the Web content development and publishing firm run by John P. Desmond.

About Intec
Intec is a leading OSS product vendor for fixed, mobile and next-generation networks (i.e. WLAN, 3G and IP), with more than 650 installations of its products worldwide in 450 customers. Founded in 1997, Intec was listed on the London Stock Exchange in June 2000. Intec is a market leader in inter-carrier billing systems and convergent mediation software, and has recently acquired strong capabilities in retail billing, IP billing and real-time mobile service charging and control. For the year ended 30 September 2003, Intec reported revenues of £50.7 million, with adjusted net earnings after tax of £4.1 million.

Intec’s product portfolio includes:
· Singl.eView™ – dynamic transaction management/retail billing;
· Inter-mediatE™ – convergent billing mediation solution;
· InterconnecT™ – inter-carrier billing including US CABS and ITU-based settlement;
· Inter-activatE™ – flow-through provisioning and activation;
· InterconnecT CPM™ – end-to-end content partner management; and
· Intec DCP™ (Dynamic Charging Platform) – real-time pre/post-paid charging.

For more information on Intec and its products and solutions visit www.intecbilling.com.

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