Vertical Markets: Wireless Logic offers managed financial support for M2M deployments

United Kingdom-based machine-to-machine connectivity supplier Wireless Logic unveiled its Wireless Logic Airtime Finance, designed to allow companies to gain managed financial support to fund M2M applications and an alternative to traditional finance deals. Wireless Logic said the offering will allow companies to bundle connectivity together with hardware and software costs into one airtime contract.
“Constraints within the technology industry have, until now, made it difficult for companies to package airtime in with big procurement deals,” explained Philip Cole, sales director and co-founder of Wireless Logic “For those seeking leasing agreements via their systems integrator, end users are often faced with multiple bills, from multiple suppliers; a headache for both customers and SIs to manage. We’ve removed several layers of complexity so that now SIs can come to Wireless Logic for a total solution inside one agreement which will deliver up front finance for all hardware, software, airtime and management needs; all managed by one provider. Coupled with this will be an ongoing monthly revenue rebate, enabling a regular source of income for the duration of the contract.”
Under the terms of its Managed Finance solution, Wireless Logic customers can select airtime tariffs across three, four or five years, with an additional monthly revenue-sharing model. Customers are also given the choice to receive a lump sum up-front or to stagger payments over a period of time.
“For many of our systems integrators, and their end-user clients, this ‘off balance sheet’ model is aimed at a key part of the market for which, to-date, traditional M2M airtime contracts were not appropriate and could not be fulfilled,” Cole added. “Wireless Logic has successfully created a model that combines an airtime and equipment, in one simple deal. Our airtime rates will be at least comparable but, in many cases, even more competitive to existing leasing options and, as an equity stakeholder in the delivery of the service with our customers, this model is being well received.”