Wireless Logic Group was today unveiled as the 5th best-performing, mid-market technology company by independent technology sector research provider, Megabuyte, in their annual Megabuyte50 private company scorecard rankings. The group’s Megabuyte Scorecard ranking makes it the best-performing Mobile, Wireless & Satellite company out of four who appear in the 2017 Top 50.
Megabuyte is an origination, transaction support and data analytics platform enabling investors, advisers and CXOs to identify, benchmark and monitor UK mid-market technology companies of relevance to them. The proprietary nature of Megabuyte’s content, including its industry-leading Megabuyte Scorecard benchmarking methodology, combined with its unrivalled private company coverage, independence and deep domain experience, have served to make it one of the sector’s most respected and authoritative commentators.
The Megabuyte50 awards are an annual event and an independent ranking of the UK’s best-performing, privately-owned technology companies. As well as listing the 50 best-performing companies overall, the awards also recognise individual excellence across a number of different performance categories. Rankings are compiled using Megabuyte’s proprietary Megabuyte Scorecard methodology, which scores companies against seven key growth-related financial KPIs. The rigour of Megabuyte Scorecard analysis, combined with a specific focus on pure-breed technology companies, have made the Megabuyte50 awards the most influential benchmarking reference in the UK technology sector.
The Megabuyte50 awards are one of three award series run by Megabuyte alongside the Megabuyte Quoted25 awards, which identify the UK’s best-performing quoted technology companies independently of share price performance, and the Megabuyte Emerging Stars awards which identify the UK’s best-performing technology scale-ups.
Commenting on the ranking, Oliver Tucker, Group Chief Executive, Wireless Logic Group said: “This recognition is a shining endorsement to the focus and hard work of our Europe-wide team. Our strategy for growth both organically and via a series of acquisitions is keeping us above the current curve being witnessed within the IoT and M2M sectors. With the support of our equity partners CVC Capital Partners, our plans for future activity are both ambitious and exciting.”
For more information on Megabuyte, visit www.megabuyte.com