Tech Track 100

Managing director Oliver Tucker and sales director Phil Cole founded this company in 1999 with funding from business angels. Clients use its specialised Sim cards to remotely monitor devices such as vending machines and supermarket fridges, reducing the need for on-site visits. People can be tracked too: for example, insurers can use the Sims to assess a customer’s driving before offering a policy. Sales have grown 56% a year from £3.1m in 2008 to £11.6m in 2011, and the company plans to open offices in France and Spain within six months, following its recent launch in Munich.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyWireless Logic
ActivityWireless data services provider
Average 3 year sales growth55.85%
Latest sales £000s*11,623

If applicable:

* supplied by company † annualised figure