vitroconnect

Sector
Technology
Fund
Origin Fund II
Year
2024
Location
Germany
Status
Current

vitroconnect is a leading broadband open access platform in Germany

vitroconnect connects broadband providers with resellers through a proprietary, single interface software platform. The company works with most of Germany’s leading telco players, offering process automation, network operations, brokerage and white-label services through its Carrier Aggregation Platform (‘CAP’).

vitroconnect’s CAP-enabled intermediation services help customers utilise broadband networks more efficiently and reduce transaction costs significantly for all parties involved.

This unique offering has allowed the company to steadily expand its customer base of network operators and resellers, with minimal customer churn, strong net retention and a high share of recurring revenues contributing to consistent and profitable double-digit growth over the last three years.

Vitro Connect

Our Investment

Oakley’s investment in vitroconnect further adds to a long track record of partnering with high growth and profitable founder-led businesses. Relevant Oakley deals in adjacent sectors span across software businesses including WebPros, Horizons Optical and Alerce.

Quote Dirk Pasternack

We were attracted to Oakley’s strong track record in the software and telco space, in particular its proven ability to guide companies through inflection points. We look forward to partnering with Oakley as we embark on the next stage of vitroconnect’s growth plan.

Dirk Pasternack

CEO vitroconnect

Market dynamics

Germany currently has one of the lowest rates of homes connected to fibre broadband. This is attracting significant investment in fibre technology which will underpin future market growth with the number of connected homes expected to grow from 3 million today to 29 million by 2029 and 39 million by 2035.

As a key enabler of wholesale activities in the highly fragmented and technologically heterogeneous German broadband marketplace, the business is poised to benefit from the significant proliferation of ‘fibre to the home’ (FTTH) technology as Germany catches up with European peers.

Our origination network helps us source investments others cannot. Often, we are the first institutional investor in our portfolio companies.

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