Wyless announces record results for the 5th year running
Wyless, the Global M2M Enabler, today reinforced its position as the leading player in the Global M2M Managed Services Market by again announcing record financial results and rapid growth during 2009.
Highlights of these financial results include:
* Global connected devices growth of 70% over the year
* Monthly revenue growth of 70%
* US and ROW business growth of over 200%
Wyless has become a significant player in the global managed wireless connectivity market over the past two years. Its innovative approach, coupled with robust infrastructure and a professional support service has placed the company among the leaders in the M2M industry.
Dan McDuffie, VP Sales, North America, stated: “By achieving global growth of 70% in connected devices in 2009 we have dramatically improved our market share. This year, the North American market has been particularly strong for Wyless and we have achieved this through building relationships with world class partners and through the continued success of Porthos, our recently launched management platform.”
“With Beecham Research expecting worldwide total mobile network connections to grow to 110m by 2013, we are currently in an extremely strong position at the start of 2010. With our growth strategy for the current year and beyond, we are already redefining M2M by opening new markets and Managed Services opportunities. ”
Malcolm Norman, SVP, EMEA of Wyless sees opportunities in the UK Government’s strategy for Smart Meters in every home by 2020. He stated: “Installing smart meters across the UK requires the providers to have a strong machine-to-machine (M2M) communications network. Energy providers will also require SIM cards to be configured in every device in every home or business, which can connect to the central server and transmit the data. There will be major opportunities in this area for organisations such as Wyless, whose M2M capabilities will help energy companies meet the government’s deadlines and bring together the global green strategy.”
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About Wyless
Wyless is a Global Network Enabler (GNE). Our Managed Services enable companies
to securely and reliably communicate with their remote and mobile devices in over
120 countries, in partnership with Tier 1, Mobile Operators. They include Open Connectivity,
an Intelligent Network, Porthos, our unique Open Platform and Professional Services.
These Managed Services combine to provide real-time visibility, enhanced control
and flexibility for wireless connections. Wyless enables customers and partners
to reduce the risks, costs and complexities of deploying and supporting mobile applications
at the same time as enabling new revenue streams for our customers and partners.
For more information about Wyless, please visit www.wyless.com.
For More information, please contact:
Barry Nay
CMO
Wyless
barry.nay@wyless.com
+44 (0) 1895 454 674.
