TMCnet News
Corum Client VelociData Acquired by OpenVaultSEATTLE, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Corum announces today that their client, Missouri-based VelociData, has been acquired by OpenVault. VelociData uses innovative stream computing paradigms to enable real time capture of and prescriptive automation on immense amounts of data, as well as data correlation. The addition of the VelociData research and development team and Tier 1 customers in the United States and Latin American market will bolster OpenVault’s capabilities for cable, fiber and wireless broadband operators. “We are truly excited about having facilitated this transaction. OpenVault provides an excellent home for an exceptional team at VelociData. The product lines and customer fit makes total sense. OpenVault is a recognized leader of revenue and network improvement solutions for the broadband industry. Their actionable analytics platform provides operators with the insights to make smarter decisions, improve customer experience, ease network congestion and improve the bottom line,” said William Hill, Corum Senior Vice President who led the deal. “The entire team at Corum was instrumental in our successful transaction,” states Barry Rudolph, CEO of VelociData. “Their systematic and broad process, significant technical and industry knowledge, tenacity and drive were invaluable. They never let up in terms of their energy and attention during te process and we could not have had this outcome without their professionalism, skill and hard work.” Corum is the world's leading educator on tech trends, valuations, growth strategies and Tech M&A. William Hill will host a half-day online workshop, Selling Up Selling Out, on December 14th, 9:00 AM to 1:00 PM MST. Tech CEOs and founders will learn to prepare, position, research, value, negotiate and execute due diligence for maximum price and optimal structure in an M&A transaction. To register, visit www.corumgroup.com/events. About Corum Group About VelociData About OpenVault Contact: |