Sector:

Technology Services

Investment year:

2017

I have been deeply impressed by the calibre and expertise of the Horizon team and am looking forward to working with them

Phil RouseCo-Founder & CEO, Wireless Innovation

Business

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.

Market

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.

Strategy

Horizon 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
News & Insights

Related Infomation

November 9, 2018 in Portfolio News

Timico strengthens leadership team with new CEO Neil Muller and completes first acquisition under Horizon ownership

Horizon-backed Timico is excited to announce the appointment of Neil Muller as CEO. Neil brings…
Read More
August 23, 2018 in Portfolio News

Isotrak Group to deliver further benefits for Whistl with renewed 5-year partnership

Whistl, the UK’s leading delivery management company, has today announced a renewed 5-year partnership with…
Read More
August 6, 2018 in Portfolio News

Bellrock awarded a place on Crown Commercial Services Framework

Horizon backed technology-enabled facilities management (FM), Bellrock, has been awarded a place on the Crown…
Read More