Ovarro Limited
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Ovarro Limited - overview
Established
1977
Location
Sheffield, South Yorkshire, UK
Primary Industry
Software
About
Ovarro Limited, based in the UK, specializes in advanced technology solutions for monitoring and managing critical assets in various industries. The company enhances operational efficiency through innovative products and services. Ovarro Limited, founded in 1977 and headquartered in Sheffield, UK, focuses on advanced technology solutions for asset monitoring. The company has undergone strategic changes to better serve industries like water, oil and gas, and transportation.
Led by CEO David Frost, Ovarro has completed 2 deals, with the most recent deal on September 5, 2024, when Indicor, LLC acquired Ovarro from Laurel Solutions. Financial terms were not disclosed. Ovarro specializes in advanced technology solutions designed for monitoring and managing critical assets across various industries, including water, oil and gas, broadcast, transportation, power, and process industries. The company's core product offerings include Remote Telemetry Units (RTUs), data loggers, leak noise loggers, and flow meters, which collectively enhance situational awareness and operational efficiency.
These products enable end users to monitor and control asset performance in real-time, thereby addressing challenges such as leak detection, flow measurement, and network optimization. Ovarro's technology has been implemented globally, with notable market presence in regions such as Europe, the Middle East, and Asia. The company serves a diverse client base, including utility providers, industrial operators, and transportation authorities, all seeking to improve productivity, safety, and security through actionable data insights. Ovarro generates revenue through a structured business-to-business (B2B) model, primarily involving direct sales and service agreements with clients across its target sectors.
Transactions are typically based on subscription services for monitoring and analytics, alongside one-time sales of equipment such as telemetry units and flow meters. Clients may engage in long-term contracts that include ongoing maintenance and support, ensuring continuous operational efficiency. Ovarro’s flagship products, including the Remote Telemetry Units and the recently launched Eureka5, are integral to their revenue stream, as they provide essential capabilities for clients' asset management needs. The company’s commitment to delivering secure and reliable technology solutions enhances its market positioning and fosters sustained customer relationships.
In September 2024, Ovarro Limited plans to leverage the acquisition by Indicor, LLC to accelerate innovation and enhance value for its clients globally. The company is strategizing to introduce new products that will further enhance their offerings. Additionally, Ovarro has plans to expand into new markets in Europe and Asia, aiming to establish a stronger presence by 2025. Recent funding will support these initiatives, enabling Ovarro to implement innovative solutions that address the evolving needs of its diverse client base.
Current Investors
Laurel Solutions
Primary Industry
Software
Sub Industries
Consulting Services, Electronic Components, Analytics & Performance Software, Systems Management Software
Website
www.ovarro.com
Verticals
Big Data, Cloud Computing, IoT (Internet of Things), Manufacturing, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Ovarro Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Ovarro Limited | - | ||||||||
| Add-on | Completed | Datawatt B.V. | - | ||||||||
| Add-on | Completed | Primayer Limited | - | ||||||||
| Add-on | Completed | Ovarro Limited | - |
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