The Manchester office of NWM Private Equity has backed the management buy-out of a market-leading mobile virtual network operator.
Mobius Networks Limited (MNL) provides data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications across healthcare, transport and retail sectors.
The investment from NVM will help to accelerate Mobius’s growth and drive continued development of its software and sales expertise.
Mobius’s customers include Manchester Airport, the Highways Agency, Google, IBM, Aldi and Siemens.
James Arrowsmith, Andy Leach and Liam May led the investment for NVM, with Leach and May joining the MNL board at completion.
