KORE Wireless
{{Short description|American telecommunications company}}
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{{Infobox company
| name = KORE Wireless Group
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| logo = KORE Wireless company logo.svg
| logo_caption = KORE Group Holdings logo
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| type = Public company
| traded_as = {{NYSE|KORE}}
| predecessor =
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| founder = Chris Scatliff
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| key_people = Timothy Donahue (Chairman)
Ron Totton(President and CEO)
Paul Holtz (CFO)
Jared Deith (CRO)
| industry = Telecommunications
| genre =
| products = ConnectivityPro; SecurityPro; Position Logic
| production =
| services = IoT Connectivity; Location-Based Services (LBS); GPS Tracking{{cite web|author=Anamika Singh|date=October 7, 2009|title=SkyBitz Partners with KORE Telematics for Cellular-Based GPS Tracking Options|url=http://www.m2mevolution.com/topics/m2mevolution/articles/65989-skybitz-partners-with-kore-telematics-cellular-based-gps.htm|publisher=M2M Evolution|accessdate=January 24, 2014}}
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| divisions = KORE Connected Health
KORE Fleet
KORE Industrial
KORE Assets
Business Mobility Partners
SIMON IoT
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| intl =
| foundation = {{Start date|2003|05|01}}{{cite web|url=http://www.koretelematics.com/about-kore/board-of-directors.html|title=Board of Directors|publisher=KORE Telematics|accessdate=January 24, 2014|archive-date=February 9, 2014|archive-url=https://web.archive.org/web/20140209135818/http://www.koretelematics.com/about-kore/board-of-directors.html|url-status=dead}}
| location_city = Atlanta, Georgia
| location_country = United Stateshttps://ir.korewireless.com/ {{Bare URL inline|date=August 2024}}
| homepage =
}}
KORE Wireless Group specializes in Internet of Things (IoT) systems. It is headquartered in Atlanta, Georgia.https://ir.korewireless.com/ {{Bare URL inline|date=August 2024}}
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,{{Cite news|date=2021-03-12|title=KORE to go public via $1.01 billion deal with Cerberus SPAC|language=en|work=Reuters|url=https://www.reuters.com/article/us-kore-m-a-cerberus-telecom-idUSKBN2B42PL|access-date=2021-06-10}} expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”.{{Cite web|date=March 12, 2021|title=KORE to go public via $1.01 billion deal with Cerberus SPAC|url=https://www.reuters.com/article/us-kore-m-a-cerberus-telecom/kore-to-go-public-via-1-01-billion-deal-with-cerberus-spac-idUSKBN2B42PL|access-date=2021-06-10|website=www.bloomberg.com}}{{Cite web|date=March 12, 2021|title=KORE Wireless to Go Public Via Cerberus SPAC Deal|url=https://www.bloomberg.com/news/articles/2021-03-12/kore-wireless-to-go-public-in-1-billion-deal-via-cerberus-spac|access-date=2021-06-10|website=www.bloomberg.com}}
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|date=February 2022}}
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.{{cite web |url=http://www.fasken.com/experience/detail.aspx?experience=1361 |title=Rogers Wireless acquires Microcell Telecommunications for $1.5 billion | Deals & Cases | Fasken Martineau |publisher=Fasken.com |date=2004-11-08 |accessdate=2013-10-10 |archive-date=2016-03-04 |archive-url=https://web.archive.org/web/20160304061015/http://www.fasken.com/experience/detail.aspx?experience=1361 |url-status=dead }}
Wireless Matrix Corp selected KORE to provide the platform for fleet management across North America.{{cite web |url=http://www.m2mevolution.com/viewette.aspx?u=http%3a%2f%2fwww.m2mevolution.com%2ftopics%2fm2mevolution%2farticles%2f66436-kore-telematics-enables-real-time-management-cdma-gsm.htm |title=M2M Evolution |publisher=M2M Evolution |date= |accessdate=January 24, 2014 |archive-date=February 2, 2014 |archive-url=https://web.archive.org/web/20140202101417/http://www.m2mevolution.com/viewette.aspx?u=http%3a%2f%2fwww.m2mevolution.com%2ftopics%2fm2mevolution%2farticles%2f66436-kore-telematics-enables-real-time-management-cdma-gsm.htm |url-status=dead }}{{cite web|author=Stacey Higginbotham|date=September 19, 2012|title=For Kore Telematics money and medicine are key to M2M growth|url=http://gigaom.com/2012/09/19/for-kore-telematics-money-and-medicine-are-key-to-m2m-growth/|publisher=gigaom.com|accessdate=January 24, 2014|archive-date=April 21, 2014|archive-url=https://web.archive.org/web/20140421134438/http://gigaom.com/2012/09/19/for-kore-telematics-money-and-medicine-are-key-to-m2m-growth/|url-status=dead}}
In 2010 Geotab selected KORE to enable it to expand its European fleet management products.{{cite web|url=http://www.telecompaper.com/news/geotab-selects-kore-telematics-network-for-m2m--763523 |title=Geotab selects Kore Telematics' network for M2M |publisher=Telecompaper |date= |accessdate=2013-10-10}} KORE signed an agreement with both Vodafone and Iridium Communications to expand its MVNO M2M service to more than 180 countries in March 2011.{{cite web|url=http://www.satellitetoday.com/st/stbriefs/Kore-Telematics-Launches-Iridium-Vodafone-Supported-M2M-Wireless-Service_36429.html|title=Kore Telematics Launches Iridium, Vodafone-Supported M2M Wireless Service|author=Jeffrey Hill|publisher=Satellite Today|date=March 23, 2011|accessdate=January 21, 2014}}{{Dead link|date=February 2025 |bot=InternetArchiveBot |fix-attempted=yes }}
After launching M2M consulting company KORE Systems, the company then acquired all assets of nPhase from Verizon Wireless.{{citation needed|date=April 2016}}
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.{{cite web|author=Tue, 05/21/2013 - 10:20am |url=http://www.wirelessweek.com/news/2013/05/new-association-promotes-business-case-m2m |title=New Association Promotes Business Case for M2M |publisher=Wirelessweek.com |date=2013-05-21 |accessdate=2013-10-10}} In November 2013, Inmarsat appointed KORE as its M2M distribution partner,{{cite web|url=http://www.satnews.com/story.php?number=219883235|title=Inmarsat + KORE—Telematics Tie-In (M2M)|publisher=Satnews Daily|date=November 13, 2013|accessdate=January 21, 2014}}
In March 2014, KORE acquired Jazz Wireless Data to further enhance its service portfolio.{{cite web|author=Wed, 03/05/2014 |url=http://www.wirelessweek.com/news/2014/03/kore-acquires-jazz-wireless-data-t-mobile-network-agreement |title=Wireless Week |publisher=Wireless Week |date=2014-03-05 |accessdate=March 14, 2014}}{{cite web |author=Monday, 03/10/2014 |url=http://www.fierceenterprisecommunications.com/story/m2m-leader-kore-acquires-jazz-wireless-2g-customers/2014-03-10 |title=Fierce Enterprise Communication |publisher=Fierce Enterprise Communication |date=2014-03-10 |accessdate=March 14, 2014 |archive-date=2014-03-14 |archive-url=https://web.archive.org/web/20140314181818/http://www.fierceenterprisecommunications.com/story/m2m-leader-kore-acquires-jazz-wireless-2g-customers/2014-03-10 |url-status=dead }}
In November 2014, KORE announced that ABRY Partners would invest in KORE and simultaneously announced that KORE would acquire RacoWireless.{{cite web|url=http://www.analysysmason.com/Research/Content/Comments/Kore-Raco-M2M-Nov2014-RDME0/|title=KORE WIRELESS GROUP'S ACQUISITION OF RACOWIRELESS IS A SIGN THAT M2M MVNOS WILL CONTINUE TO CONSOLIDATE|publisher=Analysys Mason|date=2014-11-18|accessdate=November 29, 2014|archive-url=https://web.archive.org/web/20141202202534/http://www.analysysmason.com/Research/Content/Comments/Kore-Raco-M2M-Nov2014-RDME0/|archive-date=December 2, 2014|url-status=dead}}
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.{{Cite web|date=2016-03-09|title=KORE acquires Wyless: Connectivity for IoT takes centre stage|url=https://www.iotglobalnetwork.com/iotdir/2016/03/09/kore-acquires-wyless-connectivity-for-iot-takes-centre-stage-1109/|access-date=2021-02-16|website=IoT global network|language=en}}
In December 2018, KORE announced its acquisition of Aspider.{{Cite web|date=2018-12-11|title=KORE Acquires ASPIDER-NGI|url=https://www.aithority-67ee47.ingress-bonde.easywp.com/internet-of-things/kore-acquires-aspider-ngi/|access-date=2021-06-10|website=AiThority|language=en-US}}{{Dead link|date=February 2025 |bot=InternetArchiveBot |fix-attempted=yes }}
In December 2019, KORE announced its acquisition of Integron, an IoT solutions and managed services provider.{{Cite web|date=2019-12-10|title=KKORE Acquires Integron|url=https://www.businesswire.com/news/home/20191210005221/en/KORE-Acquires-Integron|access-date=2022-04-14|website=BusinessWire|language=en-US}}
In February 2022, KORE acquired Business Mobility Partners and SIMON IoT.{{cite web|url=https://www.prnewswire.com/news-releases/kore-doubles-down-on-connected-health-with-acquisition-of-business-mobility-partners--simon-iot-301484328.html/|title=KORE Doubles Down on Connected Health with Acquisition of Business Mobility Partners & SIMON IoT|website=PR Newswire|date=February 17, 2022|author=PR Newswire|access-date=April 14, 2022}}
In June 2023, KORE acquired the IoT and Wireless Business unit from Twilio.{{cite web|url=https://www.computerweekly.com/news/365534081/KORE-looks-to-build-first-IoT-hyperscaler-status-with-Twilio-IoT-acquisition/|title=Kore looks to build first IoT hyperscaler status with Twilio IoT acquisition|website=Computer Weekly|date=March 28, 2023|author=Computer Weekly}}
Awards and recognition
- 2021: MarketWatch "KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services"{{Cite web|title=KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services|url=https://www.marketwatch.com/press-release/kore-named-as-a-leader-in-2021-magic-quadrant-for-managed-iot-connectivity-services-2021-03-30|access-date=2021-06-10|website=MarketWatch|language=EN-US}}
- 2021: PR Newswire "M2M Innovative Solution of the Year: KORE eSIM Device Validation Tool"{{Cite press release|title=IoT Breakthrough Recognizes Standout Internet-of-Things Companies in 5th Annual IoT Breakthrough Awards Program|url=https://www.prnewswire.com/news-releases/iot-breakthrough-recognizes-standout-internet-of-things-companies-in-5th-annual-iot-breakthrough-awards-program-301203643.html|access-date=2021-06-11|website=PR Newswire|language=EN-US}}
- 2020: Questex "KORE’s SecurityPro™ Named 2020 Security Technology Award Winner in the Fierce Innovation Awards"{{Cite web|title=Fierce Telecom Innovation Awards|url=https://pages.questexnetwork.com/rs/294-MQF-056/images/FierceInnovationReportTelecomEdition2020.pdf|access-date=2021-06-11|website=Questex|language=EN-US|archive-date=2021-06-11|archive-url=https://web.archive.org/web/20210611215119/https://pages.questexnetwork.com/rs/294-MQF-056/images/FierceInnovationReportTelecomEdition2020.pdf|url-status=dead}}
- 2007: Network World "Top Nine Wireless Companies to Watch";{{cite web |url=http://www.networkworld.com/news/2007/090607-wireless-watch.html?page=4 |title=Nine wireless network companies to watch |publisher=Networkworld.com |date=2007-09-06 |accessdate=2013-10-10 |archive-url=https://web.archive.org/web/20130630233155/http://www.networkworld.com/news/2007/090607-wireless-watch.html?page=4 |archive-date=2013-06-30 |url-status=dead }}
- 2008: Red Herring "100 North America".{{cite web |url=http://www.herringresearch.com/eventspace/northamerica08/redherring100.html |title=Red Herring 100 North America |publisher=Herringresearch.com |date= |accessdate=2013-10-10 |archive-url=https://web.archive.org/web/20130902054128/http://www.herringresearch.com/eventspace/northamerica08/redherring100.html |archive-date=2013-09-02 |url-status=dead }}
References
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{{Ambient intelligence}}
Category:Companies based in Fulton County, Georgia
Category:Telecommunications companies established in 2003
Category:Mobile technology companies
Category:Information technology companies of the United States
Category:Mobile virtual network operators
Category:Mobile phone companies of the United States