CSL continues to set conditions to grow
CSL sets conditions to grow as the CSL management team re-invests with Norland, ICONIQ and RIT Capital partners.
CSL, the provider of Critical Connectivity solutions for machine-to-machine communications, has been acquired by Norland Capital, ICONIQ Capital and RIT Capital Partners.
CSL is a connectivity solutions provider in the M2M/IoT sector. With over 400,000 managed connections the company is the market leader, providing managed connectivity within the Fire & Security and Telehealth sectors.
Since Bowmark’s investment in 2011, CSL has invested significantly in its core Fire & Security customer base, providing high levels of service and product innovation. As a result, CSL’s DualCom signalling range has become the market leading solution for over 2,000 professional security installers and the security choice for thousands of homes, commercial business and high street brands.
CSL’s founder, Simon Banks commented, “we are keen to continue investing in product innovation and support for our Fire & Security customer base in the UK, Ireland, Nordics and Netherlands. The new partnership enables CSL to expand into other close verticals and take managed connectivity to a world stage.”
Ed Heale, CSL’s Managing Director commented, “with the support of our new financial partners, we can continue to improve the service we provide in our existing markets, as well as accelerate our plans in other sectors both organically and through acquisition.”
At IFSEC 2016 the CSL team gave a hint at what the what the future held for the company in the video below:
CSL was founded in the UK in 1996 are the market leaders in providing M2M and IoT solutions in the Security and Health Sectors with operations in the UK, Ireland, Sweden and the Netherlands. This current takeover comes after a successful management buy-out in 2006, led by Group CEO Phil Hollett and Simon Banks who is the founder and Group Managing Director.
CSL pioneered the move from wired to wireless communication in the electronic security and Telehealthcare sectors with the introduction of the multi-network WorldSIM which provides maximum uptime. The company is now the trusted choice to provide the Critical Connectivity for nearly half a million M2M devices throughout Europe.
The Security range provides simple and reliable alarm signalling for domestic, commercial and retail premises whilst the Health range enables wireless Telecare Services for vulnerable residents.
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