News

Wireless Logic ranks first in sector financial benchmark scorecard

Megabuyte, a leading independent research provider which services Europe’s technology sector CXOs, investors and advisers, has ranked Wireless Logic in first place within its latest quarterly performance report. Using its proprietary Scorecard methodology, M2M Managed Services provider Wireless Logic has been acknowledged as a ‘clear winner’ amongst its peer organisations across the Mobile, Wireless and Satellite sectors. The Megabuyte Scorecard assesses the financial performance of mid-market UK private and public companies with revenues that exceed £10 million and EBIDTA between £1 million and £100 million. The scorecard methodology uses a combination of seven key measures incorporating growth, margins, cashflow and overall size.

As well as ranking in first place within its sector, Wireless Logic has also achieved a Top 5 place across Megabuyte’s UK universe of over 200 technology-based companies which qualify for a Scorecard ranking.

Oliver Tucker, Co-founder and CEO of Wireless Logic comments: “Megabuyte delivers expert, independent and strategically actionable insight with opinions that are highly sought after by interested organisations and individuals. Wireless Logic’s scorecard position highlights the success of the Group-wide strategy of dynamic growth backed by strong financial performance. This is a strong endorsement for our investment partners – CVC Capital Partners who joined the Wireless Logic board in 2015 – and for our growing customer base who can take reassurance from our significant business strength.

For more information on the Megabuyte Scorecard, click here.

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