I have been deeply impressed by the calibre and expertise of the Lyceum team and am looking forward to working with them.
Wireless Innovation is a machine to machine (“M2M”) and Internet of Things (“IoT”) connectivity platform provider delivering managed data services to system integrators, application providers and end-user clients.
The business specialises in data connectivity for remote and hostile environments in partnership with satellite and cellular connectivity providers across the globe.
Wireless Innovation’s clients are based in over 100 countries and across a wide range of sectors including Renewables, Electricity, Water, Oil & Gas, Telematics and Marine. Clients include EDF Energy, Iberdrola and Scottish Water.
Wireless Innovation is a leading player in the satellite IoT market and its core sectors have CAGR of between 3% and 16% over the next five years.
Market growth is driven by a greater appetite in IoT devices in existing use and new use cases as corporates seek more data and the technology becomes more affordable.
Wireless Innovation presents a significant opportunity to capitalise on the young and fragmented nature of the market to build a connectivity platform of scale.
Lyceum Capital is supporting the management team to deliver an organic and ambitious acquisitive growth strategy that includes:
- Significant pipeline of acquisition targets that will increase market share and diversify offering
- Improving the sales and marketing capabilities of the business
- Exploiting Wireless Innovation’s sophisticated billing platform