DUBLIN, Ireland – May 19, 2008 – Openet, the leading provider of Transactional Intelligence solutions for the world’s largest and most innovative service providers, today announced the first phase of its suite of Advanced Advertising solutions for cable operators, IPTV and mobile service providers. Openet’s Audience Measurement solution – initially serving cable operators – enables the correlation of real-time subscriber activity such as television viewing behavior and broadband mobile service usage with demographic and psychographic profiling information. This correlation delivers subscriber profile information of unprecedented depth and accuracy, enabling cable operators to proactively mine data and build profiles that can proactively drive revenue generating decisions.
The proliferation of digital media services and the migration of subscribers to the digital tier presents cable operators with a unique opportunity to more effectively measure subscriber content choices online and on TV. By leveraging Openet’s FusionWorks software platform to parse, enrich and anonymize subscriber data in real time, both MSOs and their advertisers can make intelligent marketing decisions based on rich subscriber profiling and segmentation previously unavailable in siloed or disparate sources.
“Cable operators have a relatively untapped gold mine that can be leveraged to transform the television advertising industry, increase operators’ advertising revenue, and improve the customer experience,” said Openet Chief Marketing Officer Michael Manzo. “Television advertising will become as addressable and measurable as Internet advertising and direct marketing only through the combination of accurate and real-time data on service viewing and usage with customer and segment profiling information. With Openet’s Audience Measurement solution, cable operators can now provide marketers and advertisers the timely visibility and actionable information to capture and retain customer attention and further drive ad revenue.”
Television operators have faced an increasingly difficult challenge over the past decade as users migrate from stationary TV viewership patterns to a fragmented media world dominated by cable, Internet and mobile phone viewing. Accurately segmenting and targeting these new digital viewers has been both an opportunity and an obstacle. Although the device-level viewer offers marketers the potential of a one-to-one relationship with the consumer, rudimentary data collection and correlation techniques have thus far prohibited advertisers from segmenting an audience on a single platform let alone multiple platforms. Openet’s Audience Measurement solution gives cable operators the tools to mine user data from both the network core and the edge, accurately delivering in real-time the actionable information necessary for true addressable advertising.
Yankee Group has forecasted this exact market shift in a 2007 report, “No longer will there be a single medium for what we now think of as television advertising. Service providers will create a multi-screen approach, utilizing the versatility of ad-insertion technology to help strengthen brand presence for advertisers across television, the internet and mobile communications.”
Based on the FusionWorks Product Suite, Openet’s Audience Measurement solution leverages the power of the Company’s high performance billing, mediation and reporting offerings that currently deliver best-in-class transactional information to over 330 million subscribers and 75 service providers worldwide. With Audience Measurement, cable providers will benefit from first-mover advantage to become a catalyst through which advertisers finally realize the promise once believed to exist only in online advertising —efficient, effective and profitable message execution.
Openet expects to bring to market-specific offerings and capabilities in the coming months to continually drive the power and revenue opportunities its Advanced Advertising solution suite. For more information, please visit www.openet.com
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Openet is a leading worldwide provider of event processing and transaction management solutions. The Transactional Intelligence of the company's solutions extracts increased value from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services. Openet is focused on delivering best-in-class network edge solutions and specialized engagement processes that create business value from network activity. A global company, Openet's implementations include long-running engagements with the world's leading service providers such as British Telecom, Orange, AT&T and Verizon Wireless. For more information, visit www.openet.com