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American telecommunications company From Wikipedia, the free encyclopedia
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]
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KORE Group Holdings logo | |
| Company type | Public company |
|---|---|
| NYSE: KORE | |
| Industry | Telecommunications |
| Founded | May 1, 2003[1] |
| Founder | Chris Scatliff |
| Headquarters | , |
Key people | Timothy Donahue (Chairman) Romil Bahl(President and CEO) Paul Holtz (CFO) |
| Products | ConnectivityPro; SecurityPro; Position Logic |
| Services | IoT Connectivity; Location-Based Services (LBS); GPS Tracking[3] |
| Divisions | KORE Connected Health KORE Fleet KORE Industrial KORE Assets Business Mobility Partners SIMON IoT |
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]
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