Telarix, Inc., the leading provider of Interconnect Business Optimization (IBO) and settlement solutions for content providers, IP service providers and global fixed and mobile operators, today announced that Golden Telecom, Inc. (NASDAQ:GLDN), a leading independent operator of integrated telecommunications in Russia and other countries of the Commonwealth of Independent States (”CIS”), has selected its iXToolsâ„¢ software solution to optimize their interconnect business.

Telarix’s iXTools, a powerful suite of software modules, provides carriers with an end-to-end management and optimization solution for their interconnect business. By analyzing both revenue and cost information associated with telecom traffic in near real-time, service providers have a holistic view of their entire interconnection operation including agreement management, routing optimization, and revenue assurance. The United States Patent and Trademark Office recently awarded Telarix a patent for its pioneering interconnect business optimization solution.

“To effectively compete in today’s dynamic market, Golden Telecom required a next generation interconnect business optimization tool. Telarix’s iXTools software solution offered the advanced functionality and scalability required to meet our continued growth and expansion,” said Alexander Vinogradov, President of Golden Telecom. “After an extensive evaluation process, Telarix was selected because of the company’s proven technology leadership as well as their demonstrated expertise in routing optimization, interconnect management and revenue assurance. We are very optimistic about our growing relationship with Telarix.”

“Telarix is pleased to work with Golden Telecom as they continue to expand their interconnect operations and service offerings,” said Telarix CEO Don Lynch. “By deploying iXTools, Golden Telecom will be able to redefine the performance and economics of their interconnect business—creating a sustainable competitive advantage.” Recently, the Yankee Group named Telarix as one of the only interconnect solutions providers to address the four critical value areas for service providers: Route Optimization; Pricing and Margin Management; Billing; and Verification, Audit and Reconciliation

About Golden Telecom
Golden Telecom, Inc., (NASDAQ:GLDN) is a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (”CIS”). The Company offers voice, data, and Internet services to corporations, operators, and consumers using its metropolitan overlay network in major cities including Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Almaty, and Tashkent, and via intercity fiber optic and satellite-based networks, including approximately 287 combined access points in Russia and other countries of the CIS. The Company offers mobile services in Kiev and Odessa. Please visit www.goldentelecom.com for more information.

About Telarix
Telarix, Inc. delivers the leading Interconnect Business Optimization (IBO) and settlement software solutions, providing telecommunications companies with the ability to easily manage costs and drive profitability on their interconnect networks. Telarix’s innovative platform, iXTools, helps carriers leverage operational intelligence to enable real-time business decisions which improve interconnect operational efficiency and margins. The company’s comprehensive IBO solution allows carriers to proactively manage voice and data traffic almost as quickly as it moves across their global networks. Telarix customers include global Tier-1 carriers such as BellSouth, Embratel, Global Crossing, GPTC, KDDI, Deutsche Telekom, Portugal Telecom, Sprint, Telecom Italia Sparkle, Telefónica, TELUS, Verizon and more. The company was founded in 1996 and is headquartered in Vienna, Va.