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Tangstedt, Germany
Developer of highly-secure and high-availability solutions intended for encrypted data communications via mobile networks, digital subscriber line and satellite. The company's network solutions include network components such as routers, SIM cards, IP services, and encryption, enabling customers to translate and interpret machine data, visualised through a tailor-made platform for multiple uses like system monitoring and predictive maintenance.
Last updated
In 2021, Mdex's revenue reached $703.7K. Since its launch in 1997, Mdex has shown consistent revenue growth.
Mdex reached a $2.1M valuation in 2025, set during its M&A Offer round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $2.1M | - |
CEO
M2M and Internet-of-Things is my passion. I've been working in the M2M/IoT arena for many years. At Siemens Wireless Modules (later Cinterion Wireless Modules and now Gemalto) a global market leader in GSM Modules (GPRS, EDGE, HSDPA), I was responsible for the European Business for products and solutions. Based on my experience in M2M/IoT and my extensive European network I decided to start a company with a clear focus on customized M2M products and solutions including secure mobile connectivity. As connectivity services becoming more and more important for successful M2M business models I took over the responsibility for Wireless Logic in Germany as Managing Director. After having developed the business in the DACH region successfully, I was appointed to become CEO of mdex GmbH. Mdex was acquired by Wireless Logic Group Ltd. in 2018 and is one of the leading M2M/IOT companies in Germany. Specialties: I understand the m2m eco-system and the requirements of many vertical markets like tracking & tracing, AMR, POS Terminals, e-mobility, remote monitoring and many more. I have a deep technical and commercial background and a very good understanding of various m2m business models including HW, networks, connectivity and platforms.
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| What's your age? | - |
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Mdex serves 4.8K customers.
Mdex employs approximately 10 people as of 2026. It serves 4.8K customers that rely on its solutions.
Mdex generates $703.7K in revenue.
Mdex was founded by Ulrich Kaindl.
The CEO of Mdex is Ulrich Kaindl.
Mdex raised $0.
Mdex has 10 employees.
Mdex is headquartered in Tangstedt, Germany.
Mdex operates across multiple industries. Browse revenue, funding, and growth data for Mdex in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$2.1M
2021 Revenue
$703.7K
Customers
4.8K
Funding
$0
Avg ACV
$147
Team
10
Founded
1997
| Year | Milestone | Source |
|---|---|---|
| 2021 | Mdex Hit $703.7k revenue in April 2021 | |
| 1997 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 10 employees (April 2021) |
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