The purchase of Wireless Logic by CVC Capital Partners continues the trend of private equity aggressively acquiring strong tech assets. Congratulations to ECI on another good exit. It also demonstrates the emergence of the Internet of Things as a key investment theme.
M2M managed services platforms, such as Wireless Logic, enable the “Internet of Things”, the mega-trend of the 21st century. The market for M2M connectivity and related services is forecast to grow from €7.1 billion in 2014 to €22.5 billion in 2019 and subscriptions from 214 to 600 million in the same period, representing a CAGR of 25.9% and 22.9% respectively. Gartner estimates that the number of wireless connected devices will reach 26 billion by 2020. Wireless Logic is at the forefront of this trend, providing secure connectivity across 26 European mobile networks and satellite. Through its ‘one window to all networks’ platform, it overlays a range of value-added services including secure VPN, device management, and global mapping solutions.