Wireless Logic acquires Mobius Networks
WIRELESS LOGIC ACQUIRES MOBIUS NETWORKS
Mobius’ expertise in M2M and IoT services for critical communications, and strong customer list will strengthen Wireless Logic’s position across the public sector
LONDON, UK – 19th JULY, 2022 – Wireless Logic, the leading global IoT connectivity platform provider has acquired Mobius Networks for an undisclosed sum. Mobius is a market leading mobile virtual network operator, providing data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications. This agreement marks the latest step in Wireless Logic’s business expansion following the recent acquisition of Jola.
Formed in 2004 and headquartered in Leicestershire, Mobius began as Vodafone’s preferred distributor for M2M Data SIMs for local government and smart cities. This has now expanded to other global operators and a broader set of sectors including critical national infrastructure, healthcare, and retail. At the core of the Mobius offering has been high availability, high security and a focus on excellent customer service. NVM Private Equity financed the management buyout of Mobius in 2019.
Douglas Gilmour, Mobius Networks MD commented “We are delighted to be joining the Wireless Logic Group. Mobius’s unique approach to data security as well as our deep expertise in particular verticals create a great fit with the Wireless Logic and one that will generate new opportunities across the globe. The whole Mobius team is very excited at the prospect of what we can all achieve together.”
Oliver Tucker, CEO of Wireless Logic commented, “The IoT and M2M operations market is growing rapidly, and Mobius has developed a stellar reputation and strategic position to capitalise on this growth. With Mobius onboard, the Wireless Logic Group will benefit from the deep expertise within the business and a much stronger position when targeting the public sector. We are very excited by this acquisition and look forward to working closely with the talented team at Mobius.”
Andy Leach, partner at NVM Private Equity commented “Mobius has grown significantly over the past three years and is well positioned to capitalise on the exciting prospects for the IoT and M2M market. Doug and his team have built a great business which will undoubtedly prosper under the stewardship of Wireless Logic.”
IA Global Capital acted as financial advisor to Mobius Networks for the transaction.
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ABOUT MOBIUS NETWORKS
With the explosion in IoT applications, connectivity providers and platforms must be able to support hundreds of thousands of devices in a variety of environments and in multiple countries.
Mobius has made it part of its core identity to offer M2M and IoT services for critical communications, which requires a level of attention way beyond traditional voice and data communications. Mission critical ventures must ultimately be resilient and secure with a deep understanding for industry requirements. Its services address the critical communication needs of both industry and public sector using the latest in IoT and M2M technology.
For more information, please visit: https://mobiusnetworks.wpengine.com/
ABOUT WIRELESS LOGIC
Wireless Logic is a leading global IoT connectivity platform provider that simplifies and automates IoT management for any device, anywhere. With more than 8 million IoT subscriptions active in 165 countries and direct partnerships with 48 mobile networks, Wireless Logic provides reach into more than 750 networks across the globe and delivers value throughout the IoT connectivity chain.
Its purpose-built platform offers a single window to securely connect and manage assets across any network and number of deployments. For customers, this serves to simplify supply chains, accelerate time to market, lower the total cost of ownership and deliver connectivity that just works.
As an entirely customer and market-driven organisation, Wireless Logic meets its 20,000+ customers where they are to help them innovate by providing industry expertise, service support and the most flexible, resilient and secure connectivity solutions in the market. Its broad sector expertise includes industry, agriculture, healthcare, security, transport, utilities and smart cities.
Wireless Logic is backed by Montagu Private Equity, one of the world’s leading private equity-backed investors, giving Wireless Logic Group unrivalled financial strength.
For more information, visit: https://www.wirelesslogic.com/
