Wireless Logic to acquire SimService
July 7, 2015
UK-based M2M managed services provider Wireless Logic is to acquire SimService, an M2M products and services provider in Denmark.
Wireless Logic already has offices in the UK, France, Spain and Germany and sells to customers in 36 countries. SimService complements the portfolio, bringing a major Scandinavian player with local knowledge and enabling further product diversification within the rapidly growing M2M market.
"In addition to offering complimentary products and services, our two companies share a technically competent, customer-focused and entrepreneurial culture,” said Oliver Tucker, CEO of Wireless Logic. “That entrepreneurial spirit and culture will carry-on, as Kim Wiig Kvist and Steen Gregersen, SimService co-founders, alongside their highly acclaimed and skilled team, will now lead the continuing expansion of Wireless Logic's business, offerings and capabilities in the Scandinavian market."
Kvist, CEO of SimService, added: "We are extremely pleased to have joined the Wireless Logic group of companies. The financial strength and credibility of Wireless Logic across Europe will help us in developing our business not only in Denmark but also across the whole of Scandinavia. We will now be able to provide our partners and customers even greater access to the European market. I believe the opportunities and further diversification this acquisition will bring us are immense and we look forward to working with the Wireless Logic team over the coming years."
The acquisition comes just four months after CVC Capital Partners invested in the company. This follows a period of rapid growth for Wireless Logic; since 2011, the business has expanded internationally, more than doubled its workforce and tripled its underlying subscriber base.
Wireless Logic works with more than 950 application providers, system integrators and enterprises, delivering managed services including management and monitoring software platforms, a cloud-based private network infrastructure, and specialist cellular and satellite connectivity. All services operate across a single unified technology platform and are designed to meet the specific needs of connected assets within the global markets of M2M and the IoT.
Continuous investment in technology enables Wireless Logic to provide an increasing range of value-added services, including specialist mapping from Google and Here, device management platforms and end-to-end security encryption services.
Vertical applications include asset and vehicle tracking, telematics, metering, security, electronic payment, m-healthcare and a range of enterprise services. Connected devices through Wireless Logic exceed 1.6m subscriptions across 26 European networks. Carriers include Telefonica, Vodafone, Everything Everywhere, Telenor, SFR, Bouygues, Deutsche Telekom and Inmarsat.
SimService is known for its insight and many years of experience as an M2M provider. Its success comes from years of hands-on experience and a strong network of global partners within different verticals. Central to all this is the in-house developed M2M online platform, which provides flexible tools for the delivery and management of M2M services.