Strategic report / Sector review: Technology
Technology portfolio
OCI valuation
Cegid
£97.0m
Cegid
Cegid is a European leader in enterprise management software and cloud services.
For the six-month period to June 2026, Cegid reported revenue and EBITDA growth of 3% and 12% respectively versus prior year. During the period, the company continued to work on the integration of the multiple strategic acquisitions made during the prior year, with one of these acquisitions, Shine, a French business management platform serving small and medium-sized business clients, completing during the period. This acquisition is expected to reinforce Cegid’s positioning and offering in this client segment.
WebPros
WebPros comprises a portfolio of brands powering growth within the web enablement ecosystem, including cPanel and Plesk, which are two of the most widely used web-hosting automation software platforms.
For the six-month period to June 2026, WebPros reported revenue and EBITDA growth of 5% and 8% respectively versus prior year, further demonstrating high levels of recurring revenue, while achieving strong EBITDA margins of c.61% year-to-date. During the period, WebPros continued to focus on developing and launching new products with NOVA (AI Application Hosting) seeing strong visibility and sales push at CloudFest EU 2026, and XOVI AI (Search Engine Optimisation tool) showing strong early trial-to-paid conversion of 22–30%.
OCI valuation
WebPros
£58.8m
OCI valuation
vitroconnect
£24.1m
vitroconnect
A leading broadband open access platform in Germany.
For the six-month period to June 2026, vitroconnect delivered revenue and EBITDA growth of 15% and 18% respectively versus prior year. With the company already serving most of Germany’s largest fibre broadband infrastructure providers and resellers, the recent commercial launch of the Carrier Hub marked an important strategic milestone, solidifying vitroconnect’s role as the key enabler of the at-scale fibre transition in Germany and extending the company’s proven tech-enabled intermediation services into the previously untapped dark fibre backbone infrastructure segment. Following the successful completion of an AI coding pilot programme, vitroconnect is embedding AI-native development capabilities across its software development team, supporting faster go-to-market and further operational scalability.
Hosting.com
Global shared hosting roll-up, providing domains, web hosting and email hosting solutions.
For the six months to June 2026, Hosting.com revenue and EBITDA were c.4% below prior year on a like-for-like basis, reflecting softer trading and FX headwinds. On a constant currency basis, revenue was c.2% above prior year. Following a period of M&A-led expansion, integration is now largely complete and significant synergies have been realised. The Group’s focus has therefore shifted towards driving organic growth. Key initiatives include more disciplined monetisation through a structured pricing engine and deeper cross-sell and upsell, strengthened marketing and revenue operations through senior hires, and continued product innovation, including the recently launched AI application hosting offering.
OCI valuation
Hosting.com
£16.9m
OCI valuation
Senef
£9.2m
Senef
Provider of mission-critical, cloud-based vertical software, focused on field-based service industries.
Senef, acquired in February 2026, has demonstrated strong growth since acquisition. For the six-month period to June 2026, the company reached billed ARR growth of 18% versus prior year. Booked ARR growth reached 41% versus prior year as Senef continues to win larger clients. This is expected to convert to billing in the next six months, with a key value creation initiative focusing on reducing the booked to billed cycle. Further investment into the platform’s growth strategy is underway, through the strengthening of its senior leadership team, the development of a structured operating model and enhanced delivery capability, while concurrently progressing a pipeline of complementary European M&A opportunities.
Sector review covers the 10 largest Oakley Flagship Fund portfolio companies and five largest Oakley Origin Fund portfolio companies across the four sectors, based on look-through fair value, together with all Private Equity Portfolio investments acquired during the period and OCI's Direct Investments.