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 providing managed connectivity to the fire and security and telehealth sectors.
Since Bowmark’s investment in 2011, CSL reports that it has invested significantly in its core fire and security customer base, providing service and product innovation. As a result, CSL’s DualCom signalling range has become the solution for over 2,000 security installers and the security choice for thousands of homes, commercial business and high street brands.
CSL’s founder, Simon Banks, pictured, said: “we are keen to continue investing in product innovation and support for our fire and 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 said: “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.”
