BEDFORD, Mass., April 2, 2014 /PRNewswire/ -- VoltDB today announced it has entered into an original equipment manufacturer (OEM) agreement with Openet, the leading global provider of real-time network transaction management software, serving many of the world's largest communications service providers. VoltDB, the world's fastest operational database, will be available as an integrated function within Openet's Framework Platform providing enhanced deployment options within virtualized environments.
Cost pressure in emerging markets, the drive toward Network Functions Virtualization (NFV) and Software-defined Networks (SDN), combined with rapid growth in handset sales present challenges for the global telecommunications industry. Openet's ability to meet those demands with solutions that are highly elastic and easily virtualized requires a state-of-the-art database built for speed, real-time, in-memory analytics and transactional decisioning.
"The manner in which mobile data is consumed and monetized continues to evolve, and we are constantly honing our solutions to help the world's leading service providers adapt," said Joe Hogan, CTO at Openet. "Our next generation Framework Platform for virtualized environments delivers an unprecedented ability to manage resources, present users with highly personalized offers, and quickly set up new services."
The unique combination of a high-speed operational database with in-memory analytics capabilities found in VoltDB 4.0 supports the Openet Framework Platform by providing a cloud-deployable database that does not sacrifice data accuracy, reliability, flexibility or performance, while lowering total cost of ownership for Openet's customers. Virtualized deployments of real-time high performance Openet solutions will be enhanced by the availability of immediate in-memory operational database interactions and analytics based on specific user, time of day, account privileges, and network congestion, among other variables.
"The mobile space may be the best example of how much untapped value there is to be derived from the increasing volume and velocity of data," said VoltDB CEO Bruce Reading. "Vendors seek new ways to manage that data and, more importantly, extract intelligence that will help them to capitalize on it. Openet is using VoltDB to give its service provider customers the power to gain actionable real-time insights into their fast-growing networks. It's the ideal application for VoltDB's cloud-friendly database."
Since the introduction of mobile data services in 1998, Openet 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 28 countries use Openet's high performance software. For more information, please visit www.openet.com.
VoltDB provides the world's fastest operational database, delivering high-speed data processing and real-time, in-memory analytics in a single database system. VoltDB is a relational database that gives organizations an unprecedented ability to build ultra-fast applications that can extract insights from massive volumes of dynamic data and enable real-time decision-making. Organizations in markets including mobile, financial services, energy, advertising and gaming use VoltDB to maximize the business value of data at every interaction. VoltDB is privately held with offices in Bedford, Mass. and Santa Clara, Calif.
The world's fastest applications run on VoltDB.
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