18 Mar 2015 07:00
MXC Capital Limited
("MXC" or the "Company")
365 Agile acquires Ciseco
MXC is pleased to announce that its investee company 365 Agile Limited ("365 Agile") has acquired Ciseco, trading as 'Wireless Things'.
The deal brings together Wireless Things' secure two-way communication protocol that allows communication between smart devices and 365 Agile's secure Tablet & Smart Phone software to create an end-to-end Internet of Things ('IOT') solution.
The combined technology puts the company in a powerful position to deliver a range of IoT solutions. 365 Agile already has over 80 UK Social Housing customers and Wireless Things has over 50 million hours of run-time of its devices in the field. The combination creates a powerful and secure platform to deliver a link between smart devices and human interactivity.
365 Agile was advised on this transaction by MXC Capital Advisory LLP, a subsidiary of MXC Capital Limited (AIM : MXCP ). MXC Capital Limited is a core investor in 365 Agile, owning 20% of the equity.
Marc Young, CEO of MXC commented "This is a tremendous step forward for our investee company 365 Agile. It creates an extremely powerful platform in the IoT space, focussing on mobile working solutions. We're excited by the potential of this combination of skills".
MXC Capital Limited
Marc Young
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Nick How/John Depasquale/John Treacy
+44 (0)20 7533 7727
Alma PR
Josh Royston / Hilary Buchanan
+44 (0)7780 901979/+44 (0) 7515 805218
About MXC Capital
MXC is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which we combine to grow shareholder value.