Storm Rannard
Bishop s Stortford-based Arkessa has been sold to Maidenhead-headquartered internet of things (IoT) connectivity provider Wireless Logic.
The deal provides an exit for ECI, which initially invested in Arkessa in July 2018.
ECI was also invested in Wireless Logic from 2011 to 2015 and during that time supported the firm’s expansion.
Andrew Orrock, chief execuitve of Arkessa, said: ECI’s exceptional track record and understanding of the IoT market was a real draw when we began our partnership in 2018. Thanks to their support, we were able to continue to fuel our international growth and focus on our goal to ‘future proof’ Enterprise connections to the Internet of Things. Wireless Logic is a natural choice for the next stage of our journey, and we look forward to working together to form the leading global player in the IoT market.