OpenVault LLC, a Wayne, N.J.-based provider of solutions that help broadband providers manage bandwidth utilization, has received an investment of undisclosed amount from Advanced Technologies and Services, Inc.
OpenVault, which is launching a suite of solutions targeting the Global Communications Service Provider marketplace, intends to use the funding for working capital and execute its growth strategy.
The company provides network management, policy control, data integration and business analytics solutions for communication service providers, which are delivered with both a Software as a Service (SaaS) model and a traditional license and service model.
According to the company, the solutions allow operators to:
– implement bandwidth-on-demand business models;
– perform active traffic/network management;
– enable tiered or metered billing models and easily partner with content providers to ensure a quality user experience.
As stated by Mark Trudeau, President and Chief Executive Officer of OpenVault, the investment represents a strong validation of the company’s business model and the solutions they provide.
FinSMEs
07/12/2010