KORE Wireless Group
TypePublic company
NYSE: KORE
IndustryTelecommunications
FoundedMay 1, 2003 (2003-05-01)[1]
FounderChris Scatliff
Headquarters
Atlanta,Georgia
,
United States[2]
Key people
Timothy Donahue (Chairman)
Romil Bahl(President and CEO)
Paul Holtz (CFO)
ProductsConnectivityPro; SecurityPro; Position Logic
ServicesIoT Connectivity; Location-Based Services (LBS); GPS Tracking[3]
DivisionsKORE Connected Health
KORE Fleet
KORE Industrial
KORE Assets
Business Mobility Partners
SIMON IoT

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

  • 2021: MarketWatch "KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services"[23]
  • 2021: PR Newswire "M2M Innovative Solution of the Year: KORE eSIM Device Validation Tool"[24]
  • 2020: Questex "KORE’s SecurityPro™ Named 2020 Security Technology Award Winner in the Fierce Innovation Awards"[25]
  • 2007: Network World "Top Nine Wireless Companies to Watch";[26]
  • 2008: Red Herring "100 North America".[27]

References

  1. ↑ "Board of Directors". KORE Telematics. Retrieved January 24, 2014.
  2. ↑ https://ir.korewireless.com/
  3. ↑ Anamika Singh (October 7, 2009). "SkyBitz Partners with KORE Telematics for Cellular-Based GPS Tracking Options". M2M Evolution. Retrieved January 24, 2014.
  4. ↑ https://ir.korewireless.com/
  5. ↑ "KORE to go public via $1.01 billion deal with Cerberus SPAC". Reuters. 2021-03-12. Retrieved 2021-06-10.
  6. ↑ "KORE to go public via $1.01 billion deal with Cerberus SPAC". www.bloomberg.com. March 12, 2021. Retrieved 2021-06-10.
  7. ↑ "KORE Wireless to Go Public Via Cerberus SPAC Deal". www.bloomberg.com. March 12, 2021. Retrieved 2021-06-10.
  8. ↑ "Rogers Wireless acquires Microcell Telecommunications for $1.5 billion | Deals & Cases | Fasken Martineau". Fasken.com. 2004-11-08. Retrieved 2013-10-10.
  9. ↑ "M2M Evolution". M2M Evolution. Retrieved January 24, 2014.
  10. ↑ Stacey Higginbotham (September 19, 2012). "For Kore Telematics money and medicine are key to M2M growth". gigaom.com. Retrieved January 24, 2014.
  11. ↑ "Geotab selects Kore Telematics' network for M2M". Telecompaper. Retrieved 2013-10-10.
  12. ↑ Jeffrey Hill (March 23, 2011). "Kore Telematics Launches Iridium, Vodafone-Supported M2M Wireless Service". Satellite Today. Retrieved January 21, 2014.
  13. ↑ Tue, 05/21/2013 - 10:20am (2013-05-21). "New Association Promotes Business Case for M2M". Wirelessweek.com. Retrieved 2013-10-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ↑ "Inmarsat + KORE—Telematics Tie-In (M2M)". Satnews Daily. November 13, 2013. Retrieved January 21, 2014.
  15. ↑ Wed, 03/05/2014 (2014-03-05). "Wireless Week". Wireless Week. Retrieved March 14, 2014.{{cite web}}: CS1 maint: numeric names: authors list (link)
  16. ↑ Monday, 03/10/2014 (2014-03-10). "Fierce Enterprise Communication". Fierce Enterprise Communication. Retrieved March 14, 2014.{{cite web}}: CS1 maint: numeric names: authors list (link)
  17. ↑ "KORE WIRELESS GROUP'S ACQUISITION OF RACOWIRELESS IS A SIGN THAT M2M MVNOS WILL CONTINUE TO CONSOLIDATE". Analysys Mason. 2014-11-18. Archived from the original on December 2, 2014. Retrieved November 29, 2014.
  18. ↑ "KORE acquires Wyless: Connectivity for IoT takes centre stage". IoT global network. 2016-03-09. Retrieved 2021-02-16.
  19. ↑ "KORE Acquires ASPIDER-NGI". AiThority. 2018-12-11. Retrieved 2021-06-10.
  20. ↑ "KKORE Acquires Integron". BusinessWire. 2019-12-10. Retrieved 2022-04-14.
  21. ↑ PR Newswire (February 17, 2022). "KORE Doubles Down on Connected Health with Acquisition of Business Mobility Partners & SIMON IoT". PR Newswire. Retrieved April 14, 2022.
  22. ↑ Computer Weekly (March 28, 2023). "Kore looks to build first IoT hyperscaler status with Twilio IoT acquisition". Computer Weekly.
  23. ↑ "KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services". MarketWatch. Retrieved 2021-06-10.
  24. ↑ "IoT Breakthrough Recognizes Standout Internet-of-Things Companies in 5th Annual IoT Breakthrough Awards Program". PR Newswire (Press release). Retrieved 2021-06-11.
  25. ↑ "Fierce Telecom Innovation Awards" (PDF). Questex. Retrieved 2021-06-11.
  26. ↑ "Nine wireless network companies to watch". Networkworld.com. 2007-09-06. Archived from the original on 2013-06-30. Retrieved 2013-10-10.
  27. ↑ "Red Herring 100 North America". Herringresearch.com. Archived from the original on 2013-09-02. Retrieved 2013-10-10.
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