OptConnect, LLC (“OptConnect”) announced today 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. OptConnect is a leading provider of managed cellular wireless connectivity solutions for unattended equipment in the Machine to Machine (M2M) and the emerging Internet of Things (IoT) marketplaces. Chris Baird, President of OptConnect, said, “Graham’s industry expertise and experience investing in the IoT and smart safe industries resonated with the OptConnect team. We are thrilled to be working together with Graham as we continue the legacy of delivering meaningfully unique solutions for our customers for many years to come.”
Graham Partners will utilize their prior experience in the IoT space, the ATM industry, and with cash trends to add value to OptConnect going forward. Rob Newbold, Managing Principal at Graham Partners, stated, “OptConnect is a leading, innovative player in the industry with superior technology, deep customer relationships, and strong business practices. Graham plans to leverage the company’s leading market position and continue its expansion into high-growth IoT end markets.”
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.
About OptConnect
OptConnect (www.OptConnect.com), headquartered in Kaysville, Utah, is an industry leader in the managed wireless connectivity industry. Primary Internet of Things (IoT) markets for OptConnect include ATMs, self-service kiosks, micro-markets, and digital signage. The company’s solution focuses on providing safe, secure, reliable, and affordable connectivity by using a combination of proprietary device configurations, cloud-based remote monitoring software, and tight integration with cellular carriers. OptConnect serves over 3,000 customers with over 85,000 installed wireless units around North America. The company is a thought leader in the industries it serves, has a strong customer-centric culture, and as part of the Grant Victor Family of Companies, has been recognized for 7 years running as one of Utah’s Best Places to Work by Utah Business Magazine.
About Graham Partners
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005939/en/
Contacts:
Kevin Dalton, Marketing Director
Kevin.Dalton@OptConnect.com
