How we helped

Wireless Logic is Europe’s leading independent Machine to Machine (M2M) managed services provider. Their customers use Wireless Logic’s platform to securely connect to the Internet of Things, covering everything from vehicle tracking to payment systems.


  • During our investment, we supported the team to expand internationally, opening offices in France, Germany and Spain, and becoming the leading independent operator in the European market.

People & culture:

  • We helped augment the senior team with the appointment of a CFO and CTO.

During our investment Wireless Logic more than doubled headcount and invested heavily in partnerships, infrastructure and software development, deepening its position as the leading platform provider. The business nearly tripled its underlying subscriber base to c.1.5m, and grew profits and revenue by in excess of 25% per annum (EBITDA CAGR was 31% and revenue CAGR 27%).

In 2015 we realised our investment to CVC Growth Partners, generating a multiple of 6.1x and a 67% IRR. In 2020 Wireless Logic acquired another ECI portfolio investment, Arkessa, strengthening the group’s routes to market, bolstering the team’s expertise and paving the way for further growth in the rapidly evolving M2M and IoT connectivity market. We’re proud to see the combined business continue go from strength to strength, with Wireless Logic now a tech unicorn with a valuation of >£1bn.