OpenVault Reaches Milestone
OpenVault collecting High Speed Usage Data from over 150 MSOs on 4 Continents
Wayne, NJ; (Tuesday, Jul 1, 2014) – OpenVault, the leading provider of easy-to-use tools to help Multiple System Operators (MSOs) increase revenues, reduce costs and manage growth on their high speed data broadband networks, is today announcing they have reached a key milestone in their growth. OpenVault is now collecting high-speed data usage information from over 150 cable provider MSOs.
“Collecting this information from so many MSOs provides us with a unique ability to perform industry leading analytics and to provide substantial value to a large chunk of the MSO marketplace,” said OpenVault’s CEO Mark Trudeau. “We help these MSOs in numerous ways with our software solutions, from understanding and managing available network capacity to monetizing their networks as they experience explosive growth. As high speed data usage is growing due to an increase in Internet connected devices and the use of Over The Top (OTT) services, these operators need help in understanding subscriber usage behavior. Our cloud-based solutions allow for immediate insight and actionable information.”
Lower Costs And Better Service
MSO’s need more than the ability to just count usage. They need detailed analytics to understand and predict usage growth by speed tier. They need to understand where to set usage caps to prevent a small number of subscribers from negatively impacting customer experience for the majority of subscribers. They need the tools to deploy usage based billing or automated policies for managing traffic.
“We provide our solutions via a Software as a Service (SaaS) model. This allows operators of all sizes to quickly deploy our solutions without heavy capital expense and the return on investment is immediate and demonstrable. MSOs are always amazed at how quickly our solutions provide insight they have never seen before, making sense of vast amounts of data rather than trying to decipher the fire hose of data that multiple disparate systems tend to provide.” said Rich Evans EVP of Sales & Marketing for OpenVault
No Additional Hardware Required
OpenVault’s solution requires no hardware to be deployed within the operator’s network. The entire solution is cloud-based, from the data collection and analytics to the bandwidth management policy enforcement.
OpenVault helps MSOs 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, ensuring capacity is available for all subscribers. The solution is offered on a pay-as-you-go basis, allowing service providers to immediately realize benefits without large up-front costs.
OpenVault Reaches Milestone