OpenVault, LLC Announces Key Sales Hire

Larry Foland joins as Vice President, Sales

Wayne, N.J., October 16, 2012 – OpenVault, LLC, a leading provider of key technologies and business expertise for Multi Service Operators (MSO’s) announced today that Larry Foland has joined their team as Vice President Sales – North America.

Larry brings more than 20 years of business development, sales, management and entrepreneurial experience in the telecommunications industry. He comes to OpenVault after serving as Vice President, MSO Practice, for Kansys, Inc. where he was a key member of their executive team. Larry also managed Kansys’ MSO line of solutions and services.

Rich Evans, Executive Vice President of Sales and Marketing at OpenVault states, “We at OpenVault are pleased to have Larry on board. His wealth of experience in the MSO market and his tenure in the industry will help ensure our continued success. Larry understands first-hand the value OpenVault’s product portfolio delivers to broadband providers around the world, and will help drive our growth in this expanding and exciting market.”

Prior to joining Kansys, Larry oversaw and managed the daily functions of the business class sales team for Time Warner Cable Kansas City as their Business Class Sales Manager. Larry has served as a board member on the Board of Directors for the Mid-America Cable Association since his appointment in 2010.

Visit OpenVault October 17 – 19 at the SCTE CableTec Expo, booth 910.

About OpenVault

OpenVault provides solutions that help broadband providers manage bandwidth utilization on their networks and optimize the network’s revenue potential via a unique Software as a Service (SaaS) offering. Network providers can purchase a host of applications on a “pay as you go” basis, thereby reducing intensive capital outlay and enjoying a positive return on investment immediately. OpenVault’s solutions drastically improve the visibility into how the network is being used and provide the operator with a mechanism for driving additional revenue. For more information, please visit https:///