Team members involved:
CSL is a provider of critical connectivity solutions for machine-to-machine ("M2M") communications. The company pioneered dual signalling technology in the electronic security industry, whereby signals are transmitted over both a fixed telephone line and a wireless network.
CSL manages the signalling for over 350,000 intruder alarms located in commercial, retail and residential premises, and is the technology and service leader in the UK security communications market. This was an opportunity to help the company accelerate its growth in its core market, and pursue new opportunities in adjacent sectors and other international markets.
During Bowmark’s period of investment, CSL doubled both its sales and profits and significantly extended its product portfolio. The company also expanded into new sectors, such as telehealth, and new geographic regions including Ireland, Sweden and the Netherlands. In 2016, CSL was sold to Norland Capital, ICONIQ Capital and RIT Capital Partners for an undisclosed sum.Website: www.csldual.com Read more about our Technology strategy
We worked with some great people at Bowmark, and they added huge value to the company.Phil Hollett, Managing Director