KORE Wireless

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KORE Wireless Group Inc.
TypePrivate company
IndustryTelecommunications
FoundedMay 1, 2003 (2003-05-01)[1]
FounderChris Scatliff
Headquarters
Alpharetta, Georgia
,
United States
Key people
Terence Jarman (Chairman)
Richard Burston (Vice Chairman)
Romil Bahl (President and CEO)
Puneet Pamnani (CFO)
ProductsPRiSMPro; Position Logic
ServicesIoT Connectivity Solutions[buzzword]; Location-Based Services (LBS); GPS Tracking Solutions[buzzword]
DivisionsKORE Telematics
KORE Wireless Pty
KORE Wireless Canada
Position Logic
KORE Wireless TM Data

KORE Wireless Group makes Internet of Things systems. It is headquartered in Alpharetta, Georgia.[2]

In March 2021, KORE and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) (“CTAC”), a special purpose acquisition company affiliated with Cerberus Capital Management, L.P. (“Cerberus”), announced that they had entered into a definitive merger agreement. Upon completion of the transaction, the combined company, which has a pro forma valuation of $1.04 billion,[3] expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”.[4] Telecommunications industry legend and former Executive Chairman of Sprint Nextel Timothy Donahue is the CEO of CTAC.[5]

The company specializes in Internet of Things (IoT) Solutions[buzzword] and Internet of Things (IoT) Connectivity technology. KORE maintains an installed base of 3,600 customers in multiple vertical markets, including connected health, fleet management, asset management, industrial, OEMs, and Smart Applications (IIoT), and Communications Services. KORE's major areas of focus for value-added IT services are technology consulting, device engineering and certification, and M2M application integration.

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 the largest M2M and Mobile Virtual Network Operator (MVNO) footprint in Canada.[6]

Wireless Matrix Corp selected KORE to provide the platform for fleet management across North America.[7]

In 2010 Geotab selected KORE to enable it to expand its European fleet management products.[8] KORE signed an agreement with both Vodafone and Iridium Communications to expand its MVNO M2M service to more than 180 countries in March 2011.[9]

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.[10] In November 2013, Inmarsat appointed KORE as its M2M distribution partner,[11]

In March 2014, KORE acquired Raleigh, NC-based Jazz Wireless Data to further enhance its service portfolio and support customers with additional options for 2G coverage.[12][13]

In November 2014, KORE announced that ABRY Partners would invest in KORE and simultaneously announced that KORE would acquire RacoWireless, a competing M2M MVNO.[14]

In April 2016, KORE acquired Wyless Group in an all cash purchase. Wyless Group, founded in 2003 by Christopher Lowery, a UK telecoms entrepreneur, had operating subsidiaries in UK, USA, Europe, Latin America and Asia.[15]

In December 2018, KORE announced its acquisition of Aspider, a leading provider of advanced connectivity, core network, and eSIM solutions.[16]

KORE began in asset or fleet management, such as tracking delivery drivers and high value equipment.[17][18] The company expanded from its North American base by following these categories to expand internationally, to enable customers to overcome carrier and frequency differences.[17]

Services[]

KORE simplifies IoT-enabled deployments. It provides customers IoT strategy and end-to-end security, technology, evaluation, and selection development, connectivity, device and data management, deployment (forward logistics), operations management and support, sustainment (reverse logistics), as well as analysis and optimization.

Awards and recognition[]

  • 2021: MarketWatch "KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services"[19]
  • 2021: PR Newswire "M2M Innovative Solution of the Year: KORE eSIM Device Validation Tool"[20]
  • 2020: Questex "KORE’s SecurityPro™ Named 2020 Security Technology Award Winner in the Fierce Innovation Awards"[21]
  • 2007: Network World "Top Nine Wireless Companies to Watch";[22]
  • 2008: Red Herring "100 North America".[23]

References[]

  1. ^ "Board of Directors". KORE Telematics. Retrieved January 24, 2014.
  2. ^ "KORE Telematics, Inc.: Private Company Information - Businessweek". Investing.businessweek.com. Retrieved 2013-10-10.
  3. ^ Reuters Staff (2021-03-12). "KORE to go public via $1.01 billion deal with Cerberus SPAC". Reuters. Retrieved 2021-06-10.
  4. ^ "KORE to go public via $1.01 billion deal with Cerberus SPAC". www.bloomberg.com. March 12, 2021. Retrieved 2021-06-10.
  5. ^ "KORE Wireless to Go Public Via Cerberus SPAC Deal". www.bloomberg.com. March 12, 2021. Retrieved 2021-06-10.
  6. ^ "Rogers Wireless acquires Microcell Telecommunications for $1.5 billion | Deals & Cases | Fasken Martineau". Fasken.com. 2004-11-08. Retrieved 2013-10-10.
  7. ^ "M2M Evolution". M2M Evolution. Retrieved January 24, 2014.
  8. ^ "Geotab selects Kore Telematics' network for M2M". Telecompaper. Retrieved 2013-10-10.
  9. ^ Jeffrey Hill (March 23, 2011). "Kore Telematics Launches Iridium, Vodafone-Supported M2M Wireless Service". Satellite Today. Retrieved January 21, 2014.
  10. ^ Tue, 05/21/2013 - 10:20am (2013-05-21). "New Association Promotes Business Case for M2M". Wirelessweek.com. Retrieved 2013-10-10.
  11. ^ "Inmarsat + KORE—Telematics Tie-In (M2M)". Satnews Daily. November 13, 2013. Retrieved January 21, 2014.
  12. ^ Wed, 03/05/2014 (2014-03-05). "Wireless Week". Wireless Week. Retrieved March 14, 2014.
  13. ^ Monday, 03/10/2014 (2014-03-10). "Fierce Enterprise Communication". Fierce Enterprise Communication. Retrieved March 14, 2014.
  14. ^ "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.
  15. ^ "KORE acquires Wyless: Connectivity for IoT takes centre stage". IoT global network. 2016-03-09. Retrieved 2021-02-16.
  16. ^ "KORE Acquires ASPIDER-NGI". AiThority. 2018-12-11. Retrieved 2021-06-10.
  17. ^ Jump up to: a b Stacey Higginbotham (September 19, 2012). "For Kore Telematics money and medicine are key to M2M growth". gigaom.com. Retrieved January 24, 2014.
  18. ^ Anamika Singh (October 7, 2009). "SkyBitz Partners with KORE Telematics for Cellular-Based GPS Tracking Options". M2M Evolution. Retrieved January 24, 2014.
  19. ^ "KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services". MarketWatch. Retrieved 2021-06-10.
  20. ^ "IoT Breakthrough Recognizes Standout Internet-of-Things Companies in 5th Annual IoT Breakthrough Awards Program". PR Newswire. Retrieved 2021-06-11.
  21. ^ "Fierce Telecom Innovation Awards" (PDF). Questex. Retrieved 2021-06-11.
  22. ^ "Nine wireless network companies to watch". Networkworld.com. 2007-09-06. Archived from the original on 2013-06-30. Retrieved 2013-10-10.
  23. ^ "Red Herring 100 North America". Herringresearch.com. Archived from the original on 2013-09-02. Retrieved 2013-10-10.
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