Wireless Logic valued at 3.5bn as founder sells minority stake to General Atlantic

Wireless Logic, a UK-based IoT communications firm, secured a minority investment from General Atlantic, valuing the company at £3.5 billion—a significant rise from its £35 million buyback in 2011. Co-founder and CEO Oliver Tucker confirmed the partnership with General Atlantic, which will include former Vodafone CEO Vittorio Colao on the board. Since pivoting to the IoT market in 2007, Wireless Logic has grown to serve 25,000 clients across 165 countries and made 14 acquisitions, positioning itself as a leader in machine-to-machine communications under Montagu Private Equity.

Wireless Logic has been valued at £3.5 billion following a minority stake sale to General Atlantic, reflecting significant growth from a £35 million buyback in 2011.

Under the guidance of Montagu Private Equity and with continuous acquisitions, Wireless Logic has successfully expanded into 165 countries, highlighting the massive potential in the IoT sector.

Read at Business Matters