Wireless Logic buys cellular IoT roaming provider Arkessa
Early-stage private equity group ECI Partners has sold IoT roaming provider Arkessa to IoT and SIM management company Wireless Logic for an undisclosed fee. The UK-based venture firm said it had made a 210 percent return on its original investment (ROI) in Arkessa, and an internal rate of return (IRR) of over 30 percent. Arkessa…