Console Connect Inc.
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Console Connect Inc. - overview
Established
2015
Location
London, -, UK
Primary Industry
Software
About
Console Connect Inc. is a leading Software-Defined Interconnection Provider that enhances global network performance and security through advanced connectivity solutions tailored for businesses. Founded in 2015 and headquartered in London, UK, Console Connect Inc. specializes in connectivity solutions that facilitate seamless interconnectivity across data centers and cloud providers.
The firm has attracted significant investment, evidenced by a recent deal on July 10, 2023, where Infratil acquired an 80% majority stake from Hkt Limited and PCCW for USD 160 mn. This transaction marks the company's second deal to date, with a total raised amount of USD 160 mn. Console Connect offers advanced connectivity solutions designed for businesses globally. Its core offerings include on-demand Layer 2 and Layer 3 connections that enhance interconnectivity between data centers, cloud providers, and enterprise locations.
Their services cater to clients seeking secure, fast, and scalable cloud connectivity, addressing issues like network latency and multi-cloud complexities. The platform operates in over 10 countries, including North America and Europe, serving a diverse clientele ranging from technology enterprises to managed service providers. Console Connect employs a transaction model focused on B2B relationships, offering services primarily through subscription and on-demand access plans. Clients benefit from a flexible pricing structure that allows them to pay only for the bandwidth they use, optimizing connectivity costs.
The platform includes a pricing calculator for estimating expenses related to services such as Layer 2 and Layer 3 connections and premium internet access via its Tier 1 global network. This transactional approach enables businesses to engage with Console Connect for both short-term and long-term connectivity needs. Infratil's recent investment will enable Console Connect to accelerate its growth strategy over the next two years, focusing on marketing, research and development, and new subsea cable investments. The company is also planning to expand its market presence by targeting additional geographic regions, although specific new markets have not been disclosed.
Through these initiatives, Console Connect aims to enhance its service offerings and strengthen its operational capabilities.
Current Investors
PCCW, Hkt Limited
Primary Industry
Software
Sub Industries
Data Centers, Connectivity Software, Storage Management Software
Website
www.consoleconnect.com
Verticals
Blockchain, IoT (Internet of Things)
Total Amount Raised
Subscriber access only
Console Connect Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Lapsed/Withdrawn | Console Connect Inc. | - | ||||||||
| LP Direct | Completed | Console Connect Inc. | - |
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