Wireless Logic

In February 2015, CVC Growth Partners acquired a majority stake in Wireless Logic, Europe's leading independent Machine-to-machine (M2M) managed services provider. Wireless Logic works with application providers, system integrators and enterprises to deliver a range of managed services including management and monitoring software platforms, a cloud-based private network infrastructure as well as specialist cellular and satellite connectivity.

Horizontally positioned, Wireless Logic works with hundreds of vertical applications - these include asset and vehicle tracking, telematics, metering, security, electronic payment, m-healthcare and a range of enterprise solutions. Connected devices through Wireless Logic exceed 1.5m subscriptions across 26 European networks. Carriers include O2, Telefonica, Vodafone, Everything Everywhere, Telenor, SFR, Bouygues, Deutsche Telekom and Inmarsat. The breadth of connectivity options gives customers an unrivalled choice across Europe but with a global reach.

We are truly excited to have partnered with CVC as they exhibited a detailed understanding of our business from the outset. We look forward to working together to identify, prioritise and execute programmes that will accelerate our already ambitious growth plans. Their expertise and global reputation will help cement Wireless Logic's position as a leading player in the M2M/IOT market.

Oliver Tucker, CEO

Date of investment

February 2015

Fund

Growth Partners

Business

Machine-to-machine connectivity managed services provider

Country

UK

Turnover

£30 million

Number of employees

51

CEO

Oliver Tucker

Company website

www.wirelesslogic.com