ECI invests in Arkessa, a leading IoT managed services provider

24/07/2018
Read Time: 2 Min

ECI has completed a management buyout of Arkessa, a leading Internet-of-Things (“IoT”) managed services provider. Arkessa enables Enterprises to develop and optimise their businesses by helping them adopt, integrate and scale IoT enabled services.

Founded in Cambridge in 2009, Arkessa’s goal is to ‘future proof’ customers’ connections to the IoT. Since pioneering the aggregation of multiple mobile networks and technologies into a single managed service, Arkessa now sells software and services to IoT solution providers around the world.

Led by Andrew Orrock, CEO, John Freeman, CTO, and Phil McDermott, CCO, Arkessa operates in a large and rapidly growing market, driven by increasing penetration of ‘smart’ or connected devices as the falling cost of chipsets and the emergence of soft and embedded SIM technologies make it economically viable to connect more and more applications. Analysts estimate there will be 125 billion connected devices by 2030, up from 27 billion in 2017.[1]

Arkessa’s leading technology solutions serve the market through innovative high-growth customers and global partners such as Fujitsu, Siemens and Avnet. These market leaders address a wide variety of sectors and applications including smart metering, logistics, smart cities, industrial, healthcare, connected cars and many more.

Andrew Orrock, CEO of Arkessa, said: 

Arkessa operates in a thrilling market where our international customers and partners are experiencing strong growth underpinned by the explosion in demand for connected devices and services across every sector. We are delighted to partner with ECI, who have an exceptional track record in TMT and knowledge of the IoT market. It is the perfect time to capitalise on Arkessa’s leadership in IoT, fuel our international growth and accelerate bringing new technologies to market.

Andrew Orrock

CEO of Arkessa

Paul McCreadie, Partner at ECI Partners, commented:

Andrew and the team have built a fast growing and highly resilient business with strong market demand, high-quality revenue streams and exceptional customer loyalty. We are very excited about Arkessa’s prospects and look forward to working with the team to help them take full advantage of the fantastic market growth opportunity.

Paul McCreadie

Partner at ECI Partners

About the author

Paul McCreadie

"I have been a member of ECI’s Investment Team since 2008, working with management teams from our initial investment all the way through to when we sell our stake. That means I get to meet great founders and management teams and support them to successfully deliver their vision."

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