KORE Wireless explained

KORE Wireless Group
Type:Public company
Founder:Chris Scatliff
Key People:Timothy Donahue (Chairman)
Romil Bahl(President and CEO)
Paul Holtz (CFO)
Industry:Telecommunications
Products:ConnectivityPro; SecurityPro; Position Logic
Services:IoT Connectivity; Location-Based Services (LBS); GPS Tracking[1]
Divisions:KORE Connected Health
KORE Fleet
KORE Industrial
KORE Assets
Business Mobility Partners
SIMON IoT
Foundation:[2]
Location City:Atlanta, Georgia
Location Country:United States[3]

KORE Wireless Group specializes in Internet of Things (IoT) systems. It is headquartered in Atlanta, Georgia.[4] In March 2021, KORE and Cerberus Telecom Acquisition Corp. announced a definitive merger agreement. Upon completion of the transaction, the combined company, which has a pro forma valuation of $1.04 billion,[5] expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”.[6] [7]

History

KORE was founded in 2002 by Chris Scatliff by acquiring Zero Gravity Wireless, a Microcell reseller and support software developer. With Alex Brisbourne and William Greenberg as part of the founding team, KORE was repositioned as a provider of Machine-to-Machine connectivity.

Following the acquisition of Microcell by Rogers Wireless, KORE expanded its wholesale agreement to provide M2M and Mobile Virtual Network Operator (MVNO) footprint in Canada.[8]

Wireless Matrix Corp selected KORE to provide the platform for fleet management across North America.[9] [10]

In 2010 Geotab selected KORE to enable it to expand its European fleet management products.[11] KORE signed an agreement with both Vodafone and Iridium Communications to expand its MVNO M2M service to more than 180 countries in March 2011.[12]

After launching M2M consulting company KORE Systems, the company then acquired all assets of nPhase from Verizon Wireless.

In May 2013, KORE became a founding member of the International M2M Council, with KORE's then COO Alex Brisbourne joining the Council's Board of Governors.[13] In November 2013, Inmarsat appointed KORE as its M2M distribution partner,[14]

In March 2014, KORE acquired Jazz Wireless Data to further enhance its service portfolio.[15] [16]

In November 2014, KORE announced that ABRY Partners would invest in KORE and simultaneously announced that KORE would acquire RacoWireless.[17]

In April 2016, KORE acquired Wyless Group. Wyless Group, founded in 2003 by Christopher Lowery, a UK telecoms entrepreneur, had operating subsidiaries in UK, USA, Europe, Latin America and Asia.[18]

In December 2018, KORE announced its acquisition of Aspider.[19]

In December 2019, KORE announced its acquisition of Integron, an IoT solutions and managed services provider.[20]

In February 2022, KORE acquired Business Mobility Partners and SIMON IoT.[21]

In June 2023, KORE acquired the IoT and Wireless Business unit from Twilio.[22]

Awards and recognition

Notes and References

  1. Web site: Anamika Singh. October 7, 2009. SkyBitz Partners with KORE Telematics for Cellular-Based GPS Tracking Options. M2M Evolution. January 24, 2014.
  2. Web site: Board of Directors. KORE Telematics. January 24, 2014.
  3. https://ir.korewireless.com/
  4. https://ir.korewireless.com/
  5. News: 2021-03-12. KORE to go public via $1.01 billion deal with Cerberus SPAC. en. Reuters. 2021-06-10.
  6. Web site: March 12, 2021. KORE to go public via $1.01 billion deal with Cerberus SPAC. 2021-06-10. www.bloomberg.com.
  7. Web site: March 12, 2021. KORE Wireless to Go Public Via Cerberus SPAC Deal. 2021-06-10. www.bloomberg.com.
  8. Web site: Rogers Wireless acquires Microcell Telecommunications for $1.5 billion | Deals & Cases | Fasken Martineau . Fasken.com . 2004-11-08 . 2013-10-10.
  9. Web site: M2M Evolution . M2M Evolution . January 24, 2014.
  10. Web site: Stacey Higginbotham. September 19, 2012. For Kore Telematics money and medicine are key to M2M growth. gigaom.com. January 24, 2014.
  11. Web site: Geotab selects Kore Telematics' network for M2M . Telecompaper . 2013-10-10.
  12. Web site: Kore Telematics Launches Iridium, Vodafone-Supported M2M Wireless Service. Jeffrey Hill. Satellite Today. March 23, 2011. January 21, 2014.
  13. Web site: Tue, 05/21/2013 - 10:20am . New Association Promotes Business Case for M2M . Wirelessweek.com . 2013-05-21 . 2013-10-10.
  14. Web site: Inmarsat + KORE—Telematics Tie-In (M2M). Satnews Daily. November 13, 2013. January 21, 2014.
  15. Web site: Wed, 03/05/2014 . Wireless Week . Wireless Week . 2014-03-05 . March 14, 2014.
  16. Web site: Monday, 03/10/2014 . Fierce Enterprise Communication . Fierce Enterprise Communication . 2014-03-10 . March 14, 2014.
  17. Web site: KORE WIRELESS GROUP'S ACQUISITION OF RACOWIRELESS IS A SIGN THAT M2M MVNOS WILL CONTINUE TO CONSOLIDATE. Analysys Mason. 2014-11-18. November 29, 2014. https://web.archive.org/web/20141202202534/http://www.analysysmason.com/Research/Content/Comments/Kore-Raco-M2M-Nov2014-RDME0/. December 2, 2014. dead.
  18. Web site: 2016-03-09. KORE acquires Wyless: Connectivity for IoT takes centre stage. 2021-02-16. IoT global network. en.
  19. Web site: 2018-12-11. KORE Acquires ASPIDER-NGI. 2021-06-10. AiThority. en-US.
  20. Web site: 2019-12-10. KKORE Acquires Integron. 2022-04-14. BusinessWire. en-US.
  21. Web site: KORE Doubles Down on Connected Health with Acquisition of Business Mobility Partners & SIMON IoT. PR Newswire. February 17, 2022. PR Newswire. April 14, 2022.
  22. Web site: Kore looks to build first IoT hyperscaler status with Twilio IoT acquisition. Computer Weekly. March 28, 2023. Computer Weekly.
  23. Web site: KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services. 2021-06-10. MarketWatch. EN-US.
  24. IoT Breakthrough Recognizes Standout Internet-of-Things Companies in 5th Annual IoT Breakthrough Awards Program. 2021-06-11. PR Newswire. EN-US.
  25. Web site: Fierce Telecom Innovation Awards . 2021-06-11. Questex. EN-US.
  26. Web site: Nine wireless network companies to watch . Networkworld.com . 2007-09-06 . 2013-10-10 . https://web.archive.org/web/20130630233155/http://www.networkworld.com/news/2007/090607-wireless-watch.html?page=4 . 2013-06-30 . dead .
  27. Web site: Red Herring 100 North America . Herringresearch.com . 2013-10-10 . https://web.archive.org/web/20130902054128/http://www.herringresearch.com/eventspace/northamerica08/redherring100.html . 2013-09-02 . dead .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "KORE Wireless".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.