ECI invests in CSL, international critical communications service provider.
CSL are market leaders in providing M2M and IoT connectivity solutions in the Fire, Security and Telehealth sectors. The CSL Health range enables wireless telecare services for vulnerable residents. CSL services over 1 million M2M/IoT devices and monitors 4 billion events through its platforms each month across the UK, Sweden, the Netherlands, Spain and Ireland.
Edward Heale, CEO of CSL said: “We are delighted to be partnering with ECI, they know and understand our business and the sector in which we operate. This partnership will allow us to continue to invest in innovation and bring our secure, reliable and hassle-free critical connectivity solutions to a wider audience. We look forward to building on the investment of the last four years and will continue to expand into new international markets and enhance our product solutions for our customers.”
Paul McCreadie, Partner at ECI, added: “We have followed this business for several years and we are excited by the opportunity that CSL has in the IoT and M2M market to further strengthen its market-leading position both organically and through M&A. As an experienced IoT investor, we’re delighted to partner with Ed and the team to help CSL achieve its growth ambitions and look forward to supporting them over the next stage of its journey.”
