Wireless Applications Corporation

Wireless Applications Corporation focuses on providing advanced monitoring solutions using IoT technology, primarily for tank management across various sectors, enhancing operational efficiency and resource management. Founded in 2006, Wireless Applications Corporation operates from Tel Aviv, Israel, and specializes in tank monitoring solutions. The company was acquired by Otodata Wireless Network Inc. in December 2021, which provided it with additional products and services.

The total number of deals recorded stands at 2, with the most recent deal taking place on 14 December 2021. The latest funding round was a Grant of EUR 0. 050 mn from EASME, which supports their expansion plans. Wireless Applications Corporation, through its product WACnGO, specializes in advanced tank monitoring solutions that integrate into the Otodata Tank Monitoring group.

Their systems provide real-time data on tank levels, usage, and inventory management, utilizing IoT technology for efficient resource management across sectors like fuel, water, and other liquid storage. Target markets include North America, South America, and parts of Europe, serving a clientele that encompasses industrial operators, fuel distributors, and municipal water services. Wireless Applications Corporation employs a revenue model that includes both direct sales and subscription services for its monitoring solutions. They engage primarily in B2B transactions, allowing clients to purchase equipment outright or subscribe for ongoing updates and support.

Their flagship products are designed with flexible pricing plans tailored to client needs, supported by long-term contracts with major clients for a stable revenue stream. The acquisition by Otodata Wireless Network Inc. in December 2021 positions Wireless Applications Corporation to expand its product offerings and innovative pricing structures. The company plans to further develop new products aimed at enhancing asset monitoring and ensuring instant ROI.

With the recent grant funding of EUR 0. 050 mn, they will focus on these product developments and explore opportunities in additional markets to broaden their geographic reach.