Velos IoT
Velos IoT is a leading global cellular IoT connectivity and carrier neutral Internet of Things (‘IoT’) platform provider.
Overview
Created in 2014 as part of Jersey Telecom’s international expansion drive, Velos IoT provides device connectivity services to customers worldwide, as well as device management tools through it’s own proprietary software platform. Perwyn acquired a majority stake in the business in July 2021 to facilitate the carve-out from JT Group and support continued global expansion in a rapidly developing IoT market.
Investment Strategy
- Support carve-out from state-owned telecoms Group
- Investment in infrastructure and internal systems
- Enhance go-to-market and sales function to support international growth
- Pursue selective M&A to accelerate scale, access new territories and gain platform capabilities
Perwyn Team
- Mark Blower Contact Mark
- Max Slattery Contact Max
Key facts
Technology
Jul-21
Investment Date
2
Add-ons
18m
Sims
600+
Customer Accounts
200+
Country Network Coverage
"Lots of funds talk about being ‘people centric; - Perwyn are. Very early in our process, and despite COVID travel restrictions, their senior leaders made the effort to visit us in Jersey in person - the only company to do so. Post transaction, time and time again the positive first impressions I took away have proven to be true - Perwyn are professional, people driven and commercially astute. We have been working together collaboratively from day 1 and their support and challenge is helping us to build a more successful and valuable company by the day."
Colin Chew, CEO of Velos IoT