EV portfolio: Company case study
Year of investment: 2008
What attracted EV Private Equity to the company?
EV Private Equity invested in Fotech because of its patent protected Distributed Acoustic Sensing (‘DAS’) technology. DAS offers linear, real time measurement of vibration (sound) every meter for distances of over 50km. Growth in the number of installations for oil & gas, pipelines and perimeter security, and proof of concept projects in rail and smart cities are driving broad market adoption. Fotech is led by a visionary team and has invested significant sums to build the world’s most advanced DAS technology stack.
What was EV’s role?
EV was a founding shareholder of Fotech in 2008, funding its acquisition of Polametrix shortly thereafter. EV Private Equity has been instrumental in the development of Fotech’s diversified market strategy, corporate governance, financial discipline and management team.
“Fotech is well positioned to take advantage of the market opportunity that lies ahead. Substantial growth is being experienced in each of its core markets, and significant potential is apparent for rail and smart cities deployments.”
In 2013, EV bought in BP Ventures as a strategic co-investor. In 2017, we bought out co-investor SEP to take a majority ownership position. Fotech systems have been installed on over 7,000kms of fibre in 23 countries. The organisation has invested heavily in R&D with more than 200-man years of software development. It has achieved leadership position through cooperation with blue-chip companies, leading academic institutions and governments.
Fotech is well positioned to take advantage of the market opportunity that lies ahead. Substantial growth is being experienced in each of its core markets, and significant potential is apparent for rail and smart cities deployments.
Fotech’s DAS combines cutting-edge photonics, Artificial Intelligence and edge computing to enable customers to secure and optimise infrastructure assets. Market adoption of DAS has passed an inflexion point driven by customer acceptance of its value proposition.