NewswireToday - /newswire/ -
Dublin, Ireland, 2013/12/11 - Openet, a global leader of real-time transaction management software and services, today announced that it has entered into an Original Equipment Manufacturer (OEM) agreement with VoltDB, the world’s fastest high-velocity database - Openet.com.
As the telecom industry evolves to meet consumers’ insatiable appetite for data, VoltDB’s in-memory database technology is ideally suited to address operators’ real-time, elastically scalable processing requirements, such as peak load management.
Emerging markets, the move toward virtualization, and rapid increases in handset sales, present new data management challenges for operators. As a result, there is more pressure to be able to rapidly scale in a cost-effective manner and quickly roll out innovative and personalized product offerings. VoltDB’s database is built for speed of operations and real-time analytics, making it possible for service providers to seamlessly adapt to new industry environments without sacrificing data accuracy, reliability, flexibility or performance. These capabilities are also delivered while lowering total cost of ownership for Openet’s customers.
Additional operator benefits include:
• Real-time control of network resource consumption;
• Convergent billing solutions for generation billing architectures;
• Gateways enabling real-time interaction between network systems and users; and,
• A billing mediation and data collection offering.
“As the consumption and monetization of mobile data continues to evolve, we look to constantly hone our solutions to adapt to the changes,” said Joe Hogan, CTO at Openet. “The deployment of VoltDB’s database technology is enabling us to better meet the needs of the world’s leading service providers by providing them with the unprecedented ability to manage resources, present customers with highly personalized offers and quickly set up new services.”
“The mobile space may be the best example of how much the volume and velocity of big data has increased in recent years, prompting vendors to seek new ways to manage that data and, more importantly, to capitalize on it,” said Bruce Reading, VoltDB CEO. “Our work with Openet is making it possible for service providers to leverage any and all combinations of data consumption to make intelligent, automated decisions in real-time.”
Since the introduction of mobile data services in 1998, Openet (openet.com) has helped service providers capitalize on opportunities and overcome challenges. With competitive pressure accelerating, today's service providers rely on Openet software to evolve business models around networking smartphones, M2M devices and third party services. Openet’s portfolio combines policy and charging control with device and third party interaction to enable innovative charging models, to control operating cost and to personalize services. More than 80 of the world’s largest service providers in 30 countries use Openet’s high performance software.
Openet has helped operators worldwide take advantage of growth opportunities by evolving legacy platforms to provide a flexible, real-time charging/OCS capability integrated with policy control (PCC). For more information, please visit openet.com.
VoltDB provides a fully durable, in-memory relational database that combines high-velocity data ingestion and real-time data analytics and decisioning to enable organizations to unleash a new generation of big data applications that deliver unprecedented business value. Organizations in markets ranging from financial services and Web media, to public utilities and national defense, use VoltDB to narrow the “ingestion-to-decision” gap from minutes, or even hours, to milliseconds. . Founded by database legend Dr. Michael Stonebraker, VoltDB is privately held with offices in Bedford, Mass. and Santa Clara, Calif.