Wireless Logic Group has been awarded ‘Most Consistent Performer’ in the UK tech sector, in the annual Megabuyte50 awards. They identify the UK’s best-performing privately-owned technology companies. The awards were announced on 23rd January at an event in London.
Winning companies are identified using the Megabuyte Scorecard which is a proprietary benchmarking methodology that assesses companies' performance against a number of key financial KPIs. Once a year they share their insight on the UK’s best performing technology companies.
Oliver Tucker comments: "Whilst it is nice to again feature in the Megabuyte50, it is particularly gratifying that we have now achieved this feat for all five years of the awards, with every year seeing ever more competition for places. Our success is all down to a fantastic team of people and is a reflection of our consistent business model, with strong organic growth, high recurring revenues, solid margins and good cash conversion, supplemented by M&A".
What Megabuyte say about Wireless Logic:
"Wireless Logic has achieved consistent organic revenue growth, expanding EBITDA margins, excellent operating cash conversion and high FCF generation from selling airtime and related m2m services to enterprises, resulting in it being a constant feature near the top of the Megabuyte50. This consistency has been recognised in three changes of private equity owner, each at significantly higher valuations, with the most recent (to Montagu) triggering a pick up in M&A".
