OpenVault secures a strategic investment | Media investment | Business | New

In what is intended to fuel the next stage in the company’s global growth and drive infrastructure expansion, the broadband industry’s SaaS network improvement and revenue solutions provider, OpenVault, announced a strategic fundraising event.

The new cycle sees OpenVault secure the financing of three existing customers: Service Electric Cablevision; Electric cable television and communications service; and Blue Ridge Communications. The capital will be used to help accelerate the growth of OpenVault in the United States and internationally, particularly in Europe and Latin America.

“Service Electric and Blue Ridge companies share a vision of the connected future and their collaborative approach to working with technology companies helps drive innovation that drives the broadband industry forward,” said Mark Trudeau, CEO and co-founder of OpenVault. “Their investment will bring a new dimension to our long-term partnership, and we are delighted to use the funds to expand our reach and accelerate our growth. “

“As broadband has grown in importance, companies like OpenVault have played a critical role in delivering high quality services,” added David Masenheimer, president of Blue Ridge Communications and Pencor Services. “By investing directly in OpenVault, we can be financial catalysts for their growth, while providing them with strategic advice that can help them align product technology development with industry needs. “