Oct 26, 2022
SEP invests in IoT connectivity business Pelion
Scottish Equity Partners has completed a significant growth equity investment in Pelion, a global Internet of Things (IoT) connectivity business, headquartered in Glasgow. The funding will enable the company to grow independently, and invest further in product development, sales and customer support.
Pelion has developed a leading global connectivity management platform enabling enterprise customers to connect end devices to applications through cellular connectivity. Its 500 customers span a wide range of sectors, including industrials, utilities, transport and logistics, and healthcare. Use cases supported by the Pelion platform include infrastructure monitoring, connected industrial equipment, vehicle telematics, remote building access and patient monitoring.
NEWS & INSIGHTS