M2M serivce provider Wireless Logic buys SimService
The SimService acquisition marks the continuation of a growth strategy that strengthens Wireless Logic’s increasingly dominant market position across Europe. Wireless Logic already has offices in the UK, France, Spain and Germany and sells to customers in 36 countries. SimService complements Wireless Logic’s portfolio, bringing a leading Scandinavian player with local knowledge and enabling further product diversification within the rapidly growing M2M market.
Oliver Tucker, CEO of Wireless Logic, said: "In addition to offering complimentary products and services, our two companies share a technically competent, customer-focused and entrepreneurial culture. 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."
The acquisition of SimService by Wireless Logic comes just 4 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.
www.wirelesslogic.com
www.simservice.dk
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