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NVM Private Equity Vintage III LP, has completed the management buy-out of Mobius Networks Limited (MNL), a market leading mobile virtual network operator, providing data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications across healthcare, transport and retail sectors.
Mobile virtual network operator, providing data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications
Undisclosed MBO investment
Formed in 2004 and headquartered in Leicestershire, Mobius Networks has created an differentiated means of data provision that is highly secure and flexible whilst offering highly reliable connectivity and availability.
The market for IoT and M2M operations is growing extremely quickly and Mobius has developed an excellent strategic position to take advantage of this growth. Customers include a host of local councils, regional and national transport providers and high-profile entities including Manchester Airport and the Highways Agency. Retail and industrial customers cover a range of household names including Google, IBM, Dunelm, Aldi and Siemens.
The investment from NVM will help to accelerate Mobius’ growth and drive continued development of its software and sales expertise.