Wireless Innovation, a UK-based M2M managed services connectivity provider, received a £20m investment from Lyceum Capital.
Founded in 2004 by CEO Phil Rouse, Wireless Innovation provides connectivity as a managed service via its own platform to a range of end user clients. The business specializes in M2M data connectivity working in partnership with satellite and cellular connectivity providers across the globe.
Clients are based in over 100 countries across a wide range of sectors including renewables, electricity, water, oil & gas, telematics, aviation and marine.
The list includes EDF Energy, Iberdrola and Scottish Water.
In conjunction with the funding, Edward Spurrier, the former CEO of Alternative Networks, has joined as chairman and will lead the acquisition strategy alongside Rouse. The Lyceum team comprised Simon Hitchcock, Luke Kingston, Tom Maizels, Anne-Claire de Pompignan and Geoff Neville. Hitchcock and Neville will join the company’s board.