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KORE Wireless
American telecommunications company From Wikipedia, the free encyclopedia
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KORE Wireless is a publicly traded company (NYSE: KORE) that provides IoT connectivity, managed services, and related solutions. The company supports more than 20 million active IoT connections worldwide across sectors including healthcare, logistics, fleet, utilities, and industrial automation.
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KORE operates as a global IoT MVNO (Mobile Virtual Network Operator), offering multi-carrier connectivity in over 200 countries and territories. Its portfolio includes eSIM technologies, a connectivity management platform (CMP), and professional services to assist customers with deployment, provisioning, and ongoing operations.
KORE became a public company in 2021 through a SPAC merger with Cerberus Telecom Acquisition Corp. It continues to serve enterprise customers and solution providers looking for scalable IoT infrastructure and services.KORE is headquartered in Atlanta, Georgia.[4]
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History
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KORE was founded in 2003.[5]
KORE cemented its North American presence early on by establishing direct connectivity partnerships with Rogers in Canada and AT&T in the U.S., providing seamless LTE-M and broader IoT services across both markets. [6]
Wireless Matrix Corp selected KORE to provide the platform for fleet management across North America.[7][8]
In 2010 Geotab selected KORE to enable it to expand its European fleet management products.[9] KORE signed an agreement with both Vodafone and Iridium Communications to expand its MVNO M2M service to more than 180 countries in March 2011.[10]
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.[11] In November 2013, Inmarsat appointed KORE as its M2M distribution partner,[12]
In March 2014, KORE acquired Jazz Wireless Data to further enhance its service portfolio.[13][14]
In November 2014, KORE announced that ABRY Partners would invest in KORE and simultaneously announced that KORE would acquire RacoWireless.[15]
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.[16]
In December 2018, KORE announced its acquisition of Aspider.[17]
In December 2019, KORE announced its acquisition of Integron, an IoT solutions and managed services provider.[18]
In October 2021, KORE debuted on the New York Stock Exchange following the completion of its SPAC merger with Cerberus Telecom Acquisition Corp.[19] Since that milestone, it has traded under the ticker symbol KORE and continues to operate as a public company.
In February 2022, KORE acquired Business Mobility Partners and SIMON IoT.[20]
In June 2023, KORE acquired the IoT and Wireless Business unit from Twilio.[21]
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Awards and recognition
- 2021: MarketWatch "KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services"[22]
- 2021: PR Newswire "M2M Innovative Solution of the Year: KORE eSIM Device Validation Tool"[23]
- 2020: Questex "KORE’s SecurityPro™ Named 2020 Security Technology Award Winner in the Fierce Innovation Awards"[24]
- 2007: Network World "Top Nine Wireless Companies to Watch";[25]
- 2008: Red Herring "100 North America".[26]
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References
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