NFC Group Announces a Significant Valuation

22 Apr, 2016, 10:05 ET from NFC Group

LONDON, April 22, 2016 /PRNewswire/ --

NFC Group has received an unsolicited investment from a professional investor.

"This is an investment which values the group of companies in the tens of millions. Clearly this is based on the expected future valuation of the group. NFC Group are one of the very few providers that have both the hardware and software deployed and working in around fifteen different market sectors, across twenty-five countries world-wide," said Matt Walker, a director of NFC.

"The Orion security network is based around the real time tracking and locating of people and assets. NFC Group provides a 'one stop shop' for clients. The investor decision was apparently driven by the fact that very few other players in the IoT market place offer a complete solution to clients. Yet this is the key to fast adoption. Customers are not interested in the technology, it is about the ease and completeness of the solution.

Many blue-chip companies dealing with us today have literally turned up on our doorstep having been told by other vendors that they must buy hardware from one place, hire an integrator and wait for someone else to roll out a network. Who in today's world has the time and patience for that?"

The investment was concluded in the first quarter. In the same period gross revenues have grown 30% on the last year. Clearly the IoT market place is still red hot.

About NFC Group

NFC group is a collection of companies focused on the real time tracking of people and assets, indoors and outdoors. For more information, please visit: www.nfcgroup.co.uk

 

Media Contacts:
Jonathan Olliff-Cooper
Jonathan.olliff-cooper@nfcgroup.co.uk   

Matt Walker
matt.walker@nfcgroup.co.uk  

Edward Cadden
edward.cadden@nfcgroup.co.uk  

 

SOURCE NFC Group