Wireless Logic Expands North American Presence with Zipit Acquisition

Wireless Logic, an established leader in the IoT solutions space, has successfully acquired Zipit Wireless, a multi-carrier IoT connectivity and subscription billing solutions provider headquartered in South Carolina. This strategic acquisition represents Wireless Logic's first foray into obtaining a US-headquartered company, as part of their broader strategy to enhance their global presence while strengthening local expertise in crucial markets. Zipit Wireless, notable for its flexible billing platform and strong regional insights, manages connectivity across multiple sectors such as agriculture and digital signage, with considerable operations in both the US and Canada. The company's unique billing solutions have generated over $45 million in subscription revenue for OEM clients and have facilitated robust relationships with leading carriers like Verizon and AT&T. Furthermore, Zipit’s Canadian subsidiary, Mtrex Networks, has focused on global connectivity solutions for the PoS market. The acquisition aligns with Wireless Logic's history of strategic acquisitions and is expected to bolster its offering with Zipit’s capabilities in B2B2C and complex billing models. This move is seen as a pivotal step for both companies, promising expanded service offerings and increased market reach. Wireless Logic's investment is backed by Montagu Private Equity, ensuring continued growth and innovation.