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

Telit Cinterion is an Internet of Things (IoT) Enabler company headquartered in Irvine, California, United States. It is a privately held company with key operations in the US, Brazil, Italy, Israel, and Korea.

Machine to machine (M2M) is direct communication between devices using any communications channel, including wired and wireless. Machine to machine communication can include industrial instrumentation, enabling a sensor or meter to communicate the information it records to application software that can use it. Such communication was originally accomplished by having a remote network of machines relay information back to a central hub for analysis, which would then be rerouted into a system like a personal computer.

<span class="mw-page-title-main">Sierra Wireless</span> Canadian wireless communications company

Sierra Wireless is a Canadian multinational wireless communications equipment designer, manufacturer and services provider headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in the United States, Korea, Japan, Taiwan, India, France, Australia and New Zealand.

Verizon Business is a division of Verizon Communications based in Basking Ridge, New Jersey, that provides services and products for Verizon's business and government clients.

<span class="mw-page-title-main">Transatel</span> French telecom corporation

Transatel is a telecom corporation headquartered in Paris, La Défense, and led by the founders Jacques Bonifay (CEO) and Bertrand Salomon. NTT Communications took a majority stake in the company on 28 February 2019, transferred to NTT Ltd. on 1 July 2019.

UNISOC, formerly Spreadtrum Communications, Inc., is a Chinese fabless semiconductor company headquartered in Shanghai which produces chipsets for mobile phones. UNISOC develops its business in two major fields - consumer electronics and industrial electronics, including smartphones, feature phones, smart audio systems, smart wear and other application fields; Industrial electronics cover the fields such as LAN IoT, WAN IoT and smart display.

<span class="mw-page-title-main">Ingenu</span> Provider of wireless networks

Ingenu, formerly known as On-Ramp Wireless, is a provider of wireless networks. The company focuses on machine to machine (M2M) communication by enabling devices to become Internet of Things (IoT) devices.

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.

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

Redpine Signals is a fabless semiconductor company that started its operation in 2001. The company makes chipsets and system-level products for wireless networks. It serves the Internet of Things and wireless embedded systems market, enabling all volume levels of chipsets and modules.

PowerFleet 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 is a provider of wireless products and services focusing on the machine to machine (M2M) industry. The company delivers wireless data and provides a platform for companies to build and support wireless M2M applications.

<span class="mw-page-title-main">Jasper Technologies</span> Software development company

Jasper Technologies, Inc., formerly Jasper Wireless, Inc., was an American software developer that provided a cloud-based software platform for the Internet of Things (IoT). Jasper's platform was designed to aid in launching, managing, and monetizing the deployment of IoT for enterprise businesses. Founded in 2004, Jasper partners with over 120 mobile operator networks to serve IoT and machine-to-machine (M2M) companies in different industries, including automotive, home security and automation, agriculture, food and beverage, wearable technology, healthcare, advertising and industrial equipment.

Sequans Communications is a fabless semiconductor company that designs, develops, and markets integrated circuits ("chips") and modules for 4G and 5G cellular IoT devices. The company is based in Paris, France with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, Finland and China. The company was founded as a société anonyme in October 2003 by Georges Karam. It originally focused on the WiMAX market and expanded to the LTE market in 2009, dropping WiMAX altogether in 2011. Today the company develops and delivers only LTE chips and modules for the global 5G/4G cellular IoT market. Sequans was listed on the New York Stock Exchange in April 2011. Karam is the company's CEO.

<span class="mw-page-title-main">Sinch (company)</span> Telecommunications and cloud communications platform as a service (PaaS) company

Sinch, formerly CLX Communications, is a communications platform as a service (CPaaS) company which powers messaging, voice, and email communications between businesses and their customers. Headquartered in Stockholm, Sweden, the company employs over 4000 people in more than 60 countries.

Numerex Corp. – a wholly owned subsidiary of Sierra Wireless NASDAQ:(SWIR) – is a provider of managed machine-to-machine (M2M) enterprise solutions enabling the Internet of Things (IoT).

US Fleet Tracking is a privately owned company that specializes in manufacturing and distributing GPS Tracking products and accessories designed to enable businesses and individuals to monitor their mobile assets and vehicle fleets, tracking those vehicles live, in realtime, as they move.

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

ASPIDER is the group name for a series of companies that are mostly based in Europe. The company name has evolved over the years as a result of acquisitions, mergers and restructuring. The company is an MVNE, providing mobile services to companies that want to control their own network. Clients include enterprises, manufacturers, integrators, and the mobile operators themselves.

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

CalAmp Corporation is an Irvine, California-based provider of Internet of things (IoT) software applications, cloud services, data intelligence and telematics products and services. The company's technology includes edge computing devices and SaaS-based applications for remotely tracking and managing vehicles, drivers, cargo and other mobile assets. The company also owns the patents and trademarks for the LoJack Stolen Vehicle Recovery System and provides connected car and lot management products.

Gen Mobile is an American wireless service provider. It is a subsidiary of Dish Wireless. Gen Mobile provides wireless service using the T-Mobile network, and prior to the merger between T-Mobile US and Sprint Corporation, delivered service using the Sprint network.

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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.