Verizon is trying its hand a something old and something new with its new carrier services venture, Exponent.

The carrier on Thursday announced the launch of Exponent, a new business it said will offer a portfolio of software and internet platforms to help carriers worldwide deploy and launch next generation solutions. Verizon billed Exponent’s open-source solutions as designed “by a carrier for carriers.”

“As carriers around the world seek to compete with new, emerging technology players and OTT service providers, Exponent provides a cost-effective way for them to leverage Verizon’s investment and experience to diversify and help grow their revenue streams while relying on our tradition of innovation, reliability, and excellence,” Guru Pai, Verizon’s chief product officer, commented.

According to Verizon, Exponent’s offerings will center on Big Data and Artificial Intelligence, the Internet of Things (IoT), Media, Internet Services Delivery, and Cloud Computing and Storage. The solutions, Verizon said, leverage open source software, APIs, and micro services architectures to ensure interoperability with a carrier’s existing assets, flexibility, and scalability.

“Exponent’s approach to designing and deploying platforms with an open architecture model offers carriers an innovative and much-needed entry into new growth areas while mitigating the required investment and resources to get started,” IDC Research Group Vice President Courtney Munroe observed. “There is significant value for both sides in this model.”

Verizon said it will be talking more about Exponent at Mobile World Congress next week as part of its Operator Marketplace speaker series.