The deal, subject to standard closing conditions, is expected to complete in the third quarter of 2025. The new partnership aims to support Wireless Logic's continued international growth and strategic M&A programme across Europe, North America, Latin America, and APAC. Wireless Logic CEO Oliver Tucker welcomed the new investor, stating: 'Wireless Logic, Montagu, and General Atlantic share a collective ambition to reinforce Wireless Logic's market leadership and mission to simplify and automate IoT connectivity and management for customers globally.' Vittorio Colao, General Atlantic's Vice Chairman of EMEA and former CEO of Vodafone Group, will join Wireless Logic's board, alongside existing Chairman Sir Michael Rake, the former BT Group Chair and CBI President. Ed Shuckburgh, Managing Partner and CEO at Montagu, commented: 'This reinvestment demonstrates our continued confidence in Wireless Logic's exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us.'...

Founded in 2000, Wireless Logic is a global leader in Internet of Things (IoT) connectivity, offering secure and scalable solutions across multiple industries. The company is aligned with the Science Based Targets initiative and plays a key role in enabling climate and energy transition applications, from smart grids and micro-mobility to precision agriculture. The new partnership is designed to drive further international expansion and platform enhancement through a combination of organic growth and transformational M&A. Wireless Logic is expected to accelerate its footprint across Europe, North America, Latin America, and Asia-Pacific. General Atlantic brings strategic expertise and international scale to the business, including the involvement of Vice Chairman of EMEA, Vittorio Colao, former CEO of Vodafone and Italian Minister for Digital Transition, who joins the board alongside Chairman Sir Michael Rake. 'Wireless Logic, Montagu, and General Atlantic share a collective ambition to reinforce Wireless Logic's market leadership and simplify IoT connectivity for customers globally,' said Oliver Tucker, Co-Founder and CEO of Wireless Logic....

Unlike PCs and servers that touted the latest, greatest processors, the puny chips in IoT devices couldn't support the cloud protections other computers were using to keep them siloed and protected. As a result, most embedded devices were attached directly to the local network, potentially leaving them more vulnerable to attack. At the time, Zenla was a prodigious teen, working on IoT platforms and open source, and building community in Minecraft IRC channels. After puzzling over the problem for a few years, she started working on a technology to make it possible for nearly any device to run in its own isolated cloud space, known as a 'container.' Now, a decade later, she's one of three female cofounders of a security company that's trying to change how cloud infrastructure shares resources. Known as Edera, the company makes cloud workload isolation tech that may sound like a niche tool, but it aims to address a universal security problem when many applications or even multiple customers are using shared cloud infrastructure. Ever-growing AI workloads, for example, rely on GPUs for raw processing power instead of standard CPUs, but these chips have been designed for maximum efficiency and capacity rather than with guardrails to separate and protect different processes. As a result, an attacker that can compromise one region of a system is much more likely to be able to pivot from there and gain more access....

'We are thrilled to partner again with Trackunit's leadership team and Hg to drive greater impact for customers worldwide,' said Michael Bruun, Partner and Global Co-Head of Private Equity at Goldman Sachs Alternatives. 'There is significant potential to scale the business further and integrate digital solutions across the construction sector.' Trackunit specializes in digital transformation for construction, offering a data-driven platform that provides actionable insights. CEO Soeren Brogaard highlighted that Hg's continued investment, alongside Goldman Sachs Alternatives, will accelerate the company's mission to eliminate downtime in construction. Trackunit's IoT connectivity solutions serve equipment manufacturers, rental firms, contractors, and tech partners, linking off-highway vehicles, connected sites, and mobile workforces. With around 400 employees, the company supports a diverse global customer base across the construction value chain. Hg's Nick Jordan and Soren Holt emphasized Trackunit's growth potential as a data-driven SaaS leader. 'Trackunit exemplifies how software businesses can leverage AI and structural data advantages to enhance customer solutions. We have focused on fostering innovation and scaling this category-leading SaaS business,' they said. 'We are excited to continue supporting Trackunit alongside Goldman Sachs Alternatives to help realize its long-term industry-changing ambitions.'...