CABLENET EXTENDS OPENVAULT PLATFORM Cyprus-based Cablenet renews OpenVault contract and extends services for long-term deal

Wayne, NJ; Monday, February 6, 2017 – As the only completely privately-held independent telecommunications provider in Cyprus and one of the fastest-growing, telecommunications companies in the Mediterranean, Cablenet places tremendous value in innovation and infrastructure.  As such, in order to offer its subscribers the best broadband experience, including the highest speeds and affordability, Cablenet recently extended its service contract with OpenVault, an American-based provider of broadband management and industry analytics that specializes in data usage analysis and cost efficient cloud-based solutions for broadband operators.

“As a leading alternative provider of broadband services, we strive to set the industry standard of excellence by providing our subscribers, both nationally and abroad, with the highest quality of experience at the most affordable pricing structures,” states Nicolas Shiacolas, Cablenet CEO.  He continues, “By extending our relationship with OpenVault, we will continue to better understand our subscribers’ behavior, while developing innovative solutions that respond directly to their needs.  In this way, we are not only investing in building the most optimal operational network, but dedicating resources to providing the highest level of customer satisfaction and maximum broadband experience.”

Mark Trudeau, OpenVault’s founder and CEO states, “In an industry driven by rapid growth and evolving technologies, we are proud to partner with Cablenet, a true pioneer in their space.” He adds, “We look forward to continuing our business relationship to help Cablenet not only grow their reach through meaningful data, but more importantly, serve their subscriber base with the most innovative solutions and value.”

About Cablenet

A leading and contemporary organisation, Cablenet is the only completely independent privately-held telecommunications provider in Cyprus, with its own network, new generation infrastructure, specialised workforce and a fully integrated support system for high performance level services in the telecommunications sector: integrated broadband services, premises connectivity services on both local and international levels, fixed telephony services and of course cloud services and hosting services.  Cablenet has Points of Presence in all cities around Cyprus, interconnected with multiple rings for seamless performance, as well as equipment and backup systems for high availability. Abroad, Cablenet is interconnected with high international bandwidth via multiple submarine cable systems to international points in London, Frankfurt, Marseille and Athens, which are also fully interconnected with each other, with high bandwidth terrestrial fiber optic circuits, thus ensuring maximum backup of its international MPLS network.

About OpenVault

Supporting over 150 operators on 4 continents, OpenVault tracks data usage consumption levels for millions of subscribers and helps broadband providers better manage their networks, saving time and costs while increasing revenue and subscriber satisfaction. Network operators use OpenVault’s easy-to-use tools to dramatically improve visibility into their networks and to automate management functions to proactively handle congestion, forecast network requirements and communicate with subscribers. For more information, please visit


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OpenVault is proud to announce that Larry Foland, OV’s Vice President of Sales and Business Development – North America & Caribbean, has been elected to the Board of Directors for the Caribbean Cable Telecommunications Association as an Associate Director. As a leader in the telecommunications industry for more than 20 years in both vendor and provider roles, Larry also serves as co-chair on the board of the Mid-America Cable Telecommunications Association and is an active member in many other professional associations and trade events.

In this new role as Associate Director at CCTA, Foland will collaborate with his peers to regulate new industry standards and practices while also design innovative strategies to elevate the market environment for cable and telecommunications providers throughout the Caribbean.

Formed in 1983, the Caribbean Cable and Telecommunications Association represents cable and telecommunications providers throughout the Caribbean, as well as the programmers, software and hardware suppliers that support their operations.

2016 Cablefax Tech Award Finalist

2016 Cablefax Tech Award Finalist

OpenVault has been named a finalist in the 2016 Cablefax Tech Awards for the category of New Product Award – Software. The Tech Awards recognize industry innovation and honor the forward thinking gurus who continue to revolutionize the industry’s technology with their amazing products, campaigns and partnerships. As a finalist, OpenVault was selected for its innovation to Monetize HSD Networks with Innovative and First-Ever Multipurpose Cloud-based Solutions.

In this way and as the leading provider of broadband management and industry analytics, OpenVault’s cloud-based, easy-to-use tools are designed to bring network, finance and marketing data together in a powerful way. As a standard of service for cost efficient solutions, OpenVault provides broadband provider environments with the data, tools and solutions to help them achieve transformative success.

IBC Innovation Award

IBC Innovation Award


As the only completely independent telecommunications provider in Cyprus, Cablenet is one of the fastest-growing, privately-held telecommunications companies in the Mediterranean. In order to help better manage this rapid market expansion and ensure subscriber access and appropriate usage models, Cablenet was seeking an efficient solution for delivering the best quality service to its high-speed data (HSD) customers. Ultimately, with the explosion of global data growth, Cablenet was looking to not only manage congestion but also create a fair-use environment for their HSD subscribers.

To this end, OpenVault worked with Cablenet to create a customized, cloud-based platform that includes easy-to-use tools that does not require hardware, sophisticated policy servers or in-house expertise. In fact, by deploying a cloud-based solution, Cablenet was able to quickly, and cost-effectively, better understand their subscriber usage behaviors and make the necessary adjustments without any disruption in service. In essence, the OpenVault platform enabled Cablenet to manage their high-speed data services while extending the life of their network investments which helps to compensate for the unreimbursed increase in OTT traffic and the loss of premium video subscriptions.