Finance Wales invests in global broadband benchmarking company Epitiro
One of the world’s leading authorities on broadband network
performance is to step up its global expansion plans following
investment from Finance Wales.
Cardiff-based Epitiro provides independent benchmarking of
broadband networks, analysing performance such as upload and
download speeds and connection times, and has clients including UK
government regulator Ofcom and its New Zealand counterpart, the
Commerce Commission, among its growing client list. The investment
from Finance Wales, a provider of commercial funding to SMEs in
Wales, will support Epitiro as it enters its Gavin Johns and JP
Curleyext phase of growth, expanding both its portfolio and the
number of countries in which it operates.
Finance Wales is taking a minority stake in the company through
its undisclosed investment.
Founded in 2000 by Gavin Johns and JP Curley, Epitiro has
established itself as the authoritative source for comparative
broadband performance data throughout the UK and New Zealand. The
company’s research allows consumers, ISPs and regulators to monitor
the performance and quality of broadband provisions on a national
and international scale.
The company, based in Cardiff Bay, will develop markets in
Europe, Asia and the United States and expand the scope of its
Internet Performance Index™, a comparative performance rating of
Internet Service Providers (ISPs), to include leading service
providers in more than 30 countries. Customers such as BT, Orange,
Virgin, New Zealand Telecom, Ofcom, Tiscali, Telefonica O2 and
others benefit from Epitiro’s extensive analysis of fixed and
wireless broadband performance.
Gavin Johns, Chief Executive of Epitiro, said of the
transaction: “Finance Wales embraces our entrepreneurial spirit and
shares our ambition to become the global leader for independent
broadband communications analysis. We are excited at the prospect
of utilising their funding and business acumen to enable
international growth both organically and through acquisition.”
He said the company’s growth plans, including launching triple
play analysis (the combined measurement of voice, video and
broadband) of both fixed and wireless broadband, would position
Epitiro as the leading global provider of broadband benchmarking
Chris Griffiths, Investment Executive at Finance Wales, said
Epitiro was well placed for significant growth.
He commented: “Information provided by Epitiro is extremely
valuable in today’s global market where the internet is playing a
key role in trade and commerce. We are pleased to be backing
Epitiro, a Wales-based company poised to achieve global success.
With an impressive client list and experienced management team we
are confident that the company will continue to impress ISPs,
regulators and media companies in new markets.”
Advisers on the deal for Epitiro were Berry Smith Solicitors.
Kilsby Williams and Geldards acted for Finance Wales.
Notes to the editor
Epitiro provides broadband performance and customer experience
benchmarking data to ISPs, media providers, multi-national
corporations and government regulators. VoIP, video and internet
service qualities are benchmarked via Epitiro’s extensive
deployment of ISP-I™ edge-based agents with results available
through an on-line subscription service or the semi-annual Internet
Performance Index™ report. The company also provides bespoke test
and benchmarking solutions with *DataLite™, VocaLite™ and ISP-I™,
with its full P2P and web site analysis capabilities.
Founded in 2000, Epitiro is the chief source of intelligence for
the ISPA (Internet Service Provider Association) awards, and is
based in Cardiff, Wales, UK. http://www.epitiro.com/
* DataLite™, VocaLite™, Internet Performance Index™ and ISP-I™
are trademarks of Epitiro Ltd. All rights reserved.