Wyless continues to grow M2M market share in the first 2 quarters of 2010.

Online, September 28, 2010 (Newswire.com) - Wyless Group, the Global M2M Managed Services provider, today announced record sales and profit results for Q1 and Q2 2010. Revenues and connections have grown by 70% and profits have increased by 300% over Q4 2009.

Wyless announced that growth had been strong in all areas of business during the first 6 months of the year, in geographical penetration, diversity of industry verticals and introduction of new products. Wyless customers represent every M2M industry vertical, including Healthcare, Industrial Monitoring and Control and Vehicle Telematics. The wide-range of Partner Applications include, remote healthcare
patient monitoring, mobile electronic point of sale ( EPOS), video surveillance, parking meters and personal tracking.

Chris Lowery, Founder and CEO stated: " Wyless has grown its customer base by 40% and we presently have customers in 64 countries on 6 continents. Ongoing development of Porthos, our open management platform, has been substantial and we have several white label versions of Porthos operating under license. We have also successfully introduced a number of managed service agreements for existing networks. We will be announcing further major strategic developments later in Q3"

Mr. Lowery also responded to press articles concerning management changes in the Group. " The previous CEO, Rami Avidan, left Wyless last September to pursue other interests. At the request of the Board I took over as CEO of the Wyless Group, to ensure that our strategic objectives are achieved.
Reporting to me:
Dan McDuffie, SVP of Wyless USA, is Global Sales Director.
Virginie Carniel, Director of Wyless Europe, is Global Operations Director."

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About Wyless
Wyless is a Global Network Enabler (GNE). Our Managed Services enable companies to securely and reliably communicate with their remote and mobile devices in over 120 countries, in partnership with Tier 1, Mobile Operators. They include Open Connectivity, an Intelligent Network, Porthos, our unique Open Platform and Professional Services. These Managed Services combine to provide real-time visibility, enhanced control and flexibility for wireless connections. Wyless enables customers and partners to reduce the risks, costs and complexities of deploying and supporting mobile applications at the same time as enabling new revenue streams for our customers and partners.

For more information about Wyless, please visit www.wyless.com.

For More information, please contact:
Barry Nay
CMO
Wyless
[email protected]
+44 (0) 1895 454 674.