JERSEY CITY, N.J., Jan. 13, 2022 /PRNewswire-PRWeb/ -- On the heels
of its transformative acquisition of VelociData, OpenVault today
announced that it is expanding its global sales and marketing
capabilities in Latin America and
Europe through a strategic
partnership with Lotier International.
Under the agreement, Lotier will leverage its business
development and sales offices in Brazil, Argentina and Portugal, to grow adoption of OpenVault's
revenue and network improvement solutions and data-driven
actionable insights for the broadband industry. Lotier's in-market
resources and expertise can accelerate sales cycles and
time-to-market for OpenVault products that address network
performance issues, subscriber behavior, and new revenue
opportunities.
"The VelociData acquisition has been the catalyst for a dramatic
expansion of our product portfolio," said Josh Barstow, chief revenue officer of
OpenVault. "Adding Lotier's highly regarded local presence, its
industry knowledge and its collaborative team approach to our sales
ecosystem will help us quickly connect our new and existing
products and services with the customers who will benefit from
them."
"OpenVault's data-driven solutions are ideal fits for the needs
of service providers and new media companies in Brazil, Latin
America and Iberia," said Martin Eckschmiedt, vice president
of media and data technologies for Lotier International. "We look
forward to leveraging our privileged network of clients and
partners as well as the technical skills of our seasoned
professionals to help the industry capitalize on OpenVault's core
strengths."
The acquisition of VelociData announced in December of 2021
enabled OpenVault to combine its product portfolio and
industry-leading analytics expertise with VelociData's research and
development capabilities and Tier 1 footprint in the United States and Latin America. OpenVault is using investment
from three existing customers – Service Electric Cablevision,
Service Electric Cable TV & Communications, and Blue Ridge
Communications –to drive expansion via mergers and acquisitions,
organic growth, and increased visibility – most notably increased
market activity in Europe and
Latin America.
About Lotier International
Lotier is a leading business development and sales company
operating in Latin America and
Iberia. Through its Brazil,
Argentina, and Lisbon offices, Lotier acts as a virtualized
sales force for its clients, facilitating and accelerating the
expansion of their market share in these territories. For more
information, please visit http://www.lotier.com.
About OpenVault
OpenVault and OpenVault Europe GmbH are market-leading sources of
broadband technology solutions and data-driven insights into
worldwide broadband consumption patterns. Using the companies'
cloud-based SaaS or on-premises solutions and tools, service
providers can optimize network performance, increase revenue and
improve subscriber satisfaction. OpenVault and OpenVault Europe
aggregate and analyze the resulting market data to provide
unparalleled granular views of consumer usage that can be used to
anticipate residential and business broadband trends. For more
information, please visit openvault.com.
For media inquiries, please contact:
Kristen Nihamin at
knihamin@openvault.com or 917-509-9028
Paul Schneider at
paul@paulschneiderpr.com or 215-817-4384
Media Contact
Kristen Nihamin, OpenVault, +1
(917) 509-9028, knihamin@openvault.com
Paul Schneider, 1-215-817-4384,
pspr@att.net
SOURCE OpenVault