IoT & M2M Managed Services provider Wireless Logic Group has been unveiled as the 3rd best financially-performing mid-market technology company by independent technology sector research provider, Megabuyte, in their annual megabuyte50 private company scorecard rankings. It also ranked in first place amongst its peer organisations across the Mobile, Wireless and Satellite sectors.
The Megabuyte Scorecard is a proprietary benchmarking methodology developed by the research team at Megabuyte, pooling over 50 years of combined experience assessing the performance of software, IT and telecoms services companies.
The Scorecard assesses UK companies using a combination of seven key measures incorporating growth, margins, cash flow and overall size. These measures are then weighted to provide what Megabuyte feels is the optimum balance for mid-market companies.
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 this year once more highlights the success of the Group-wide strategy of sustained growth backed by strong financial performance. This is further endorsement for our investment partners – CVC Capital Partners who have seen year-on-year KPI achievements across all of our European markets since joining us in 2015. And, equally for our growing customer base, who can take reassurance from the group’s significant business strength.”
About Megabuyte
Megabuyte was founded in 2007 to fill a gap in the market between stock-market and industry research. Today, Megabuyte is a highly-respected independent research provider tracking the corporate and financial affairs of some 600 of the UK’s key public and private companies in the ICT Services and Software sectors. Megabuyte’s founder and CEO, Ian Spence, is one of the technology sector’s most established and respected financial analysts and Megabuyte itself widely regarded as one of the sector’s most authoritative commentators.
About the megabuyte50 awards
The megabuyte50 awards are published annually and rank the performance of privately-owned, mid-market companies in the UK’s Software and ICT Services sectors. Compiled using Megabuyte’s proprietary Megabuyte Scorecard methodology, the rankings examine performance against seven key financial KPIs. Megabuyte’s awards differ from other growth awards in the superior rigour of their financial analysis and their specific focus on pure-breed technology companies and are widely regarded as an influential sector benchmarking reference.
The megabuyte50 awards are one of three award series run by Megabuyte. The series focus on different categories of UK technology companies, and at different stages of their development. Together, they are designed to identify the Top 125 companies in the Megabuyte coverage universe of Software and ICT Services companies.
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