KORE Wireless

Last updated
KORE Wireless Group
Company type Public company
NYSE:  KORE
Industry Telecommunications
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]
Divisions KORE 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]

Contents

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.[ citation needed ]

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.[ citation needed ]

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

Related Research Articles

Timothy Donahue is one of the wireless industry's pioneers, having started his career working at McCaw Cellular. He is the current CEO and member of the Board of Directors of Cerberus Telecom Acquisition Corp. (CTAC), which is a special purpose acquisition company. Cerberus Capital Management tapped Mr. Donahue to lead CTAC because of his deep industry expertise, which includes serving as Executive Chairman of Sprint Nextel, President and Chief Executive Officer of Nextel Communications Inc., as well as holding senior executive roles at AT&T Wireless. Under his leadership, CTAC selected IoT global leader KORE as a merger target. The fully diluted pro-forma implied enterprise value of the combined company is approximately $1.014 billion, and the transaction is expected to close in Q3 2021.

<span class="mw-page-title-main">Telit Cinterion</span> Internet of things communications company

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Republic Wireless was an American mobile virtual network operator (MVNO). Republic sold low cost mobile phone service on partner networks. Republic started as a unique company that provided customers with VOIP numbers which relied on WiFi first with cell as a backup.

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<span class="mw-page-title-main">Redpine Signals</span>

Redpine Signals was a fabless semiconductor company founded in 2001. The company made chipsets and system-level products for wireless networks. It served the Internet of Things and wireless embedded systems market, enabling all volume levels of chipsets and modules.

PowerFleet, Inc. is an American company headquartered in Woodcliff Lake, New Jersey, with offices located around the globe and a technology innovation center in Israel. The company is a global provider of wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, intermodal shipping containers, cargo, and vehicle and truck fleets.

RacoWireless was a provider of wireless products and services focusing on the machine to machine (M2M) industry. The company delivered wireless data and provided a platform for companies to build and support wireless M2M applications.

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<span class="mw-page-title-main">CalAmp</span> American software company

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References

  1. ↑ "Board of Directors". KORE Telematics. Retrieved January 24, 2014.
  2. ↑ https://ir.korewireless.com/ [ bare URL ]
  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/ [ bare URL ]
  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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