In a significant move to broaden its market presence, UK-based IoT solutions provider Wireless Logic has finalized the acquisition of Zipit Wireless. This South Carolina company specializes in multi-carrier IoT connectivity and subscription billing solutions. This acquisition not only marks Wireless Logic’s first venture into acquiring a US-headquartered company, but also strengthens its strategic goal of expanding global reach while deepening local expertise. By adding Zipit Wireless to its portfolio, Wireless Logic enhances its ability to offer more comprehensive IoT solutions that cater to diverse sectors, including healthcare, energy, and smart cities.
What Does The Acquisition Entail?
The acquisition of Zipit Wireless allows Wireless Logic to tap into the North American market’s specific needs, thus complementing its global IoT connectivity services. Historically, Wireless Logic has built a strong foundation in providing scalable and secure IoT connections, serving over 18 million devices in 165 countries. By working with more than 50 mobile and satellite operators, Wireless Logic has been able to streamline IoT operations, reduce costs, and hasten project success through its network platform, Conexa. The combination with Zipit provides both companies an avenue to leverage their strengths, such as Zipit’s flexible billing platform, to navigate the complexities of IoT billing chains efficiently.
How Will Customers Benefit?
Wireless Logic’s acquisition is anticipated to provide customers with more extensive choices, improved coverage, and increased capabilities. As Frank Greer, CEO of Zipit Wireless states,
“Becoming part of the Wireless Logic Group is a major milestone and the natural next step in our growth. Access to Wireless Logic’s global footprint and broader service portfolio means we can offer more choice, coverage and capability.”
The partnership aims to maintain the hands-on support that Zipit’s customers have come to rely on, while enhancing service options through Wireless Logic’s robust international framework.
Zipit Wireless has been known for its adaptability in the IoT domain, particularly in North America. Utilizing technologies like NB-IoT, LTE-M, and 5G, the company supports a wide range of customer needs. Additionally, Zipit’s Canadian subsidiary, Mtrex Networks, zeroes in on the PoS market, underscoring the breadth of expertise that Zipit adds to Wireless Logic.
The inclusion of Zipit Wireless is seen as a strong cultural fit within Wireless Logic, as emphasized by Oliver Tucker, co-founder and CEO at Wireless Logic, who remarked,
“Zipit’s deep understanding of the North American market and its expertise in complex commercial models make it a welcome addition to the group.”
By acquiring Zipit, Wireless Logic continues the trend seen in previous strategic acquisitions such as Arqia, Webbing, and Blue Wireless. This approach signifies its relentless pursuit of growth and enhancing its service offerings through strategic partnerships and acquisitions.
In acquiring Zipit Wireless, Wireless Logic aims to bolster its U.S. market penetration and enhance its financial performance by leveraging Zipit’s capabilities. This lays the groundwork for Wireless Logic to serve key industries with greater efficacy while maintaining competitive advantage. As the IoT landscape continues evolving, such strategic acquisitions will likely be crucial for companies aiming to cement their position in the burgeoning market of IoT connectivity.
