VCTI Sees Growth Fueled by U.S.’s Plans and Funding for Broadband Expansion

Company achieves 80 percent revenue growth, 100 percent growth in managed service contracts, and landmark new service offerings.

  • VCTI

Somerset, New JerseyVCTI ended the first half of 2022 on a historic growth trajectory, achieving revenue growth of 80 percent and managed services’ growth of 100 percent over the first half 2021, and an expanded customer base that now includes five of the fifteen largest broadband providers in the United States. The company also reported notable success with the introduction of new broadband investment service offerings.

“Our Broadband Investment Optimization Service is the clear market leader. It is the most comprehensive and trustworthy solution to accelerate speed to market and realization of ROI for investments in broadband services, “said Raj Singh, VCTI’s CEO. “Our unique offering comprehensively identifies and quantifies target markets, grant opportunities, and defines network plans that dramatically reduce the timeline from strategy to construction. Furthermore, our success rate converting Proof-of-Concept customers to long term relationships is excellent.”

As part of this momentum in the first half of 2022, VCTI has achieved several significant milestones, including:

  • Exceptional Business Performance: VCTI reports revenue growth of 80 percent and managed service growth of 100 percent over the first half of 2021.
  • Groundbreaking New Service Offerings: VCTI introduced pioneering services that enable customers to achieve business objectives faster and more cost-effectively.
  • Broadband Grant Bid Acceleration Servicehelps broadband providers identify and partner with local, state, and federal governmental entities to expand high-speed broadband services to underserved and unserved communities, schools, and businesses, struggling to receive broadband investments and grants.
  • Broadband Infrastructure Investment Analytics for Private Equity Firmshelps private investors identify the most lucrative telecommunications infrastructure investments.
  • Expanded Customer Base: VCTI hasincreased its customer base to include five of the fifteen largest broadband providers in the U.S., mid-size providers, and emerging new fiber to the home service providers and the investment banks and private equity firms funding them.
  • Grant Submissions: As part of its Broadband Investment ServicesVCTI has analyzed twelve million homes and supported customer grant submissions of over $250M in the first six months of 2022.

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