OptConnect, LLC has announced that its high growth will be further accelerated by a significant financial investment from Graham Partners, a private investment firm based in suburban Philadelphia, PA, the company said.
OptConnect is a provider of managed cellular wireless connectivity solutions for unattended equipment in the Machine to Machine (M2M) and the emerging Internet of Things (IoT) marketplaces.
OptConnect is benefiting from the industry-wide conversion to managed connectivity solutions, the transition from traditional wireline services towards wireless networks, and the broader trend towards connected devices with IoT functionality. Members of Grant Victor, the prior parent company representing the founders and previous leadership of OptConnect, will retain an investment in OptConnect.
The transaction terms were not disclosed.
OptConnect was advised by R.W. Baird.
OptConnect (www.OptConnect.com), headquartered in Kaysville, Utah, is an industry provider of the managed wireless connectivity industry. Primary Internet of Things (IoT) markets for OptConnect include ATMs, self-service kiosks, micro-markets, and digital signage.
Graham Partners (www.grahampartners.net), headquartered in suburban Philadelphia, PA, is a private investment firm focused on investing in businesses with advanced industrial technologies, innovative product offerings, and strong growth potential.