VETRO Caps Another Year of Remarkable Growth, Innovation, and Disruption in the Global Broadband Market

FOR IMMEDIATE RELEASE

Portland, Maine – December 20, 2023 – VETRO FiberMap, a pioneer in cloud-native fiber management software, highlights its substantial growth and expansion in 2023, marked by key customer wins, strategic hiring decisions, and industry accolades.

The influx of new VETRO customers is proof of the value a purpose-built fiber system of record provides. We’ve enabled our customers to better manage their data, simplify planning and construction, and scale operations faster. Some of VETRO’s new 2023 customers include:

  • Resound Networks chooses VETRO for its nationwide 10,000-mile fiber network, bringing affordable and reliable connectivity to unserved communities.

  • InfoWest and Cumberland Connect join VETRO’s growing list of satisfied customers.

  • California Department of Technology selects VETRO to be the platform of record for its Middle Mile Broadband Initiative, the nation’s largest middle-mile project.

  •  to to help construct and manage its statewide open access network.

  • Over $1 billion will be awarded to providers through VETRO’s grant portal from subgrantee selection processes that occurred during the year.

This year’s rapid growth serves as clear validation that network operators recognize the limitations of legacy GIS tools. Legacy systems lack the functionality required to meet the demands of contemporary networks, resulting in operational inefficiencies, data silos, and significant scaling challenges. Consequently, numerous operators are transitioning to modern fiber management systems such as VETRO FiberMap to overcome these hurdles and unlock exciting opportunities. “We are thrilled to see such significant growth and recognition,” said Will Mitchell, CEO of VETRO. “Our innovative solutions are empowering our customers to build and manage their fiber networks with greater efficiency and speed. We are committed to continuing our expansion and supporting the global fiber revolution.”

VETRO continues to experience significant growth in North America and other international markets. This global focus underscores VETRO’s dedication to empowering operators worldwide to build and manage their networks effectively, ultimately connecting more communities and individuals to the benefits of fiber-optic technology.

To support this growth, VETRO made a number of strategic additions to the team in 2023. A snapshot of those includes:

  • Jonathan Shears and Ollie Bell join VETRO to lead UK sales and solutions, marking a significant step in the company’s global expansion strategy.

  • Peter Pizzutillo strengthens VETRO’s international presence as Head of International and Partner Development.

  • Industry veteran Andrew Eubank brings his expertise to the Solutions team, further enhancing VETRO’s ability to deliver innovative solutions to customers worldwide.

  • Former ConnectMaine Authority leader Peggy Schaffer joins as a strategic advisor, supporting VETRO’s commitment to state broadband initiatives and expanding access to high-speed internet across North America.

  • Overall, VETRO’s team grew by almost 30% in 2023.

Innovation:

  • Challenge Portal streamlines data management and improves user experience.

  • COS Systems integration accelerates deployment and reduces time to revenue.

  • The VETRO FiberMap platform continued to evolve with monthly releases adding significant new functionality.

VETRO’s year of innovation and growth is further highlighted by prestigious awards, including recognition as a Deloitte Technology Fast 500 company, an honoree for the ISE Journal Innovator’s Award, Best of Small Business Awards™ SB100 honoree and Inc. 5000 recognition for fastest-growing private companies.

About VETRO

VETRO builds software that makes it radically simpler and faster for broadband providers to plan, design, build, and operate their fiber optic networks. VETRO is the only SaaS-based GIS fiber management platform that optimizes the business value of networks by simplifying the digitization, data visualization and management of fiber assets through an open, highly accessible and precise system of record for network assets. Our map-based SaaS platform is easier to use and more powerful than traditional tools and enables network operators and ISPs to benefit from a modern, integrated, and connected digital hub for their physical network assets. VETRO is leveraged by broadband providers around the world for all phases of network operations vetrofibermap.com.

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