Now Stands as the Single Largest IoT/M2M Partner of Leading Worldwide Carriers
ALPHARETTA, GA.—April 7, 2015— KORE, the world’s largest managed communications solutions provider specializing in Internet of Things (IoT) and Machine to Machine (M2M) markets, today announces a number of tangible integration outcomes following the acquisition of RacoWireless in late December 2014. KORE now operates 10 offices in five countries around the world, provides service to more than 3.5 million devices on behalf of over 1,500 customers, and is delivering networking services in more than 110 countries around the world. The combined leadership team possesses more than 300 years of direct experience serving the M2M services market. And perhaps most notably, KORE now stands as the single largest wholesale airtime partner of its primary carriers worldwide.
“When we struck the RacoWireless deal in November 2014, we had an aggressive 100-day plan to focus on a rapid – and customer-centric – integration of the businesses, managed by the best management team in our industry, and I am pleased to report that our integration process has outpaced even what I had envisioned,” said Alex Brisbourne, CEO of KORE. “Beyond a fully aligned functional organization, we are already well advanced on data center and network integration, which will more than double our joint capacity to meet the explosion of IoT connections we are seeing, while the integration of our service platforms to meet customer needs is well underway. The unmatched set of KORE Integrated Services and Advanced Applications, combined with our award-winning PRiSMProTM management platform is helping to bring value-added M2M connectivity and applications services to market faster, and across a broader global footprint, than ever before.”
Specifically, KORE customers are now able to gain from the Company’s enhanced line of Integrated Services, exemplified by the end-to-end solution KORE delivers for Audi connect®, bringing the only dual carrier solution to the automotive industry. Audi connect vehicles are managed through the KORE service management platform, which combines connectivity, accounting and fully integrated call center services. Audi drivers who subscribe to this leading connected car program rely on KORE for all technical support and other customer service needs.
In short, KORE Integrated Services are designed to provide a seamless, easy-to-use experience to the end customer. This will remain a key priority for KORE going forward.
Moreover, KORE now offers a complete Advanced Applications development environment, built on strong capabilities in location-based services. KORE provides a full GPS tracking solutions platform that allows its partners, and their customers, to instantly pinpoint the location of any device. KORE Advanced Applications provide partners the ability to deliver their own GPS tracking solutions, with minimal up-front investment of time and capital. KORE runs this service from its own servers to maintain a 99.99 percent up-time, and partners are able to customize it to meet their own market needs, under their own brand identities, and quickly integrate it with the specific devices that they sell.
“KORE has made steady progress against its ambitions to be a truly global IoT provider of scale for enterprise connected services,” said James Brehm, CEO and chief strategist of James Brehm and Associates. “To see how deeply KORE and Raco are entwined already, I would easily put KORE in the same category as Tier 1 global companies in scope and scalability. It is perfectly positioned to carry the M2M and IoT traffic of enterprise users or application providers of any size.”
Machine-to-Machine Communications Experts to Participate on Two Panels on the Internet-of-Things and M2M
MIAMI —M2M Evolution Miami 2015—January 27, 2015—KORE, the world’s largest managed wireless network services provider specializing in machine-to-machine (M2M) communications, today announced that its CEO Alex Brisbourne and EVP and Chief Strategy Officer John Horn will participate in two key discussions during the M2M Evolution Conference and Expo. KORE will also be demonstrating its specialized M2M network services in booth #222 at the show, taking place at the Miami Beach Convention Center, Miami, Florida, January 27-30, 2015.
In the “The Alphabet Soup of IoT: Our Digital Life on a Smarter Planet” session, Brisbourne and his fellow panelists will discuss how companies can make the IoT a worthwhile investment and how the shift toward a digital, connected life is happening for good reasons through practical examples and realities.
What: “The Alphabet Soup of IoT: Our Digital Life on a Smarter Planet” panel discussion
Who: Panelists include:
- Alex Brisbourne, CEO, KORE
- Mary Beth Hall, director, IoT Connected Solutions, Verizon Wireless
- William Podrasky, EVP Business Development, Stream Communications
- Allen Proithis, president and founder, WoT.io
- Howard Smith, managing director, First Analysis
When: Jan 28, 2015 from 10:00 a.m. to 11:00 a.m. EST
Where: M2M Evolution Conference & Expo – Room B121/122
In the “The Field OT and the IT Data Divergence” session, Horn and his fellow panelist will discuss how M2M is changing the flow of information in the enterprise. In addition, Horn will discuss the strategies associated with delivering business intelligence to distributed field operations and the issues associated with the requirements of the OT organization and capabilities of IT.
What: “The Field OT and the IT Data Divergence” panel discussion
Who: Panelists include:
- John Horn, EVP and chief strategy officer, KORE
- Tim Hahn, IBM
When: Jan 28, 2015 from 11:00 a.m. to 12:00 p.m. EST
Where: M2M Evolution Conference & Expo – Room B121/122
Transaction Fueled by Recent Strategic Investment in KORE by ABRY Partners
Combined Entity with Heightened Scale Will Drive Global Adoption and Innovation in the Fastest-Growing Segment of the Wireless Communications Industry
ATLANTA, BOSTON and CINCINNATI – November 11, 2014 – KORE Wireless Group, Inc. (“KORE”), the leading global provider of managed M2M communications services, today announced that ABRY Partners (“ABRY”) one of the most experienced and successful communication sector-focused private equity investment firms in North America, has acquired a majority interest in KORE. This investment, established in conjunction with the current KORE partners, provides growth and acquisition capital that will allow KORE to further its goal of creating the pre-eminent independent provider of broad-based M2M service solutions on a global basis.
As the first step in its broader strategy, KORE also today announced the acquisition, in an all-cash transaction, of RacoWireless (“Raco”), a company recognized for its experience and reputation for making IoT/M2M easy by providing end-to-end connectivity solutions. Following the completion of this transaction, the combined company will have offices in five countries and serve more than 3 million subscribers on behalf of over 1,500 customers using services in more than 110 markets around the world.
The combined organization is primed to deliver, in short order, an unprecedented portfolio of connected technology, location-aware solutions, and management tools in a way that has never before been experienced in the industry. The acquisition is subject to completion of certain regulatory and other consents, and is expected to close in the fourth quarter of 2014.
“We are standing at a historic inflection point in our industry where scalability and innovation are critical, and the financial partnership with ABRY delivers the capital and expert support necessary to rapidly develop the scale demanded by global customers in what has so far been a fragmented market,” said Alex Brisbourne, CEO of KORE. “Strategic acquisitions both in advanced connectivity and richer applications solutions are an important goal, as scale and global reach are of paramount importance to our large applications and enterprise customers. These customers seek to leverage new M2M technologies that enable more efficient, innovative, and in some cases, disruptive business models going forward”, he said.
“This acquisition is a great fit between two companies that have been pioneers in this space,” said John Horn, President of Raco who will become the Executive Vice President and Chief Strategy Officer. “This is a unique opportunity that will redefine the IoT/M2M industry, and create a company that has the right scale and focus to shape the course of the Internet of Things.”
“We are delighted to be moving rapidly with this first step in our expansion strategy, and create further value for our customers and partners both nationally and globally, leveraging the integrated solutions that the company can deliver for their businesses,” said Brisbourne.
The combined company’s increased scope and scale will provide customers and partners the benefits of a more diverse, global, footprint and access to an award-winning set of development and management tools.
“We have been closely watching this industry as it starts to take off on a global scale,” said Blake Battaglia, partner at ABRY Partners. “Our commitment to investing in KORE as an engine for global growth is, we believe, an indication of the opportunity within this industry space, and we are excited to be a part of facilitating this first step in the inevitable consolidation to take place as the market moves from its current nascent state”, he said.
Both KORE and Raco have been independently recognized in the industry for many years around their exceptional technology platforms and tools.
About KORE Wireless Group
KORE is the world’s largest wireless network provider specializing exclusively on the rapidly expanding global machine-to-machine (M2M) communications market. Operating under the KORE Telematics brand in the USA ,and providing solutions to enterprises and operators under the KORE Systems brand, KORE provides unified control and management for cellular and satellite network service delivery in more than 180 countries worldwide, KORE empowers its application, hardware and wireless operator partners to efficiently deliver M2M solutions for connected devices across the globe. M2M applications in industries as diverse as healthcare, utilities, enterprise IT, transaction processing and fleet management rely on the KORE network to deliver operational efficiencies and cost-savings. KORE offers a range of technologies — including GSM, HSPA, CDMA EV-DO and LTE, as well as satellite services — that ensure the greatest possible reliability and coverage. For more information, please visit www.koretelematics.com.
RacoWireless (www.racowireless.com) is a leading provider of wireless data solutions to the machine-to-machine (M2M) industry. The company lives by its mantra to ‘make it easy’ by providing support for companies to build, manage and enhance wireless M2M applications. RacoWireless can assemble a flexible, end-to-end M2M wireless connectivity solution for its partners – including delivering custom rate plans, tailored billing solutions and customized wireless connectivity as well as helping them brand their M2M applications and delivering 24/7 customer service. Among its numerous awards, RacoWireless has been recognized with a Stevie® Award from the American Business Awards as 2012’s “Most Innovative Tech Company” and as the “Entrepreneurial Company of the Year” by Frost and Sullivan.
About ABRY Partners
Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, business and information services focused private equity investment firms. ABRY invests in high quality companies domestically and abroad and partners with management teams to help build world class businesses. One of ABRY’s highest priority investment initiatives is to identify and invest in rapidly growing areas of communications, IT infrastructure and managed services including M2M/IoT services, managed cloud and networking services, unified communications and other broadband-oriented services fulfilling the IT and communication needs of carriers, enterprises, and application service providers. Since its founding, ABRY has completed over $42.0 billion of leveraged transactions and other private equity, mezzanine or preferred equity placements, representing investments in over 450 properties.
RacoWireless’ Application Marketplace meets the industry need for access to new IoT product sets and features
LAS VEGAS – September 9, 2014 – RacoWireless, a global Internet of Things (IoT) service provider, today announced the launch of its Application Marketplace, an app store empowering companies from all over the globe to quickly build, enhance and sell connected IoT/M2M solutions. Building on the Omega DevCloud announcement in August, the company is maintaining momentum with the IoT application store.
The Application Marketplace allows application developers to create new revenue streams by offering their value-added products and features to a growing community of solution and service providers. Solutions providers, in turn, gain the ability to add quantifiable value to their new and existing products. Built on RacoWireless’ Position Logic platform, the Application Marketplace allows customers to select from a growing array of feature-rich applications and have them seamlessly integrate into their connected solutions.
“While ‘making it easy’ is our mantra, part of that message is speed-to-market,” said John Horn, President of RacoWireless. “With the Application Marketplace, we are enabling our partners and solution providers to be able to get to market faster than ever before. This brings together both service providers and application developers in a way that is clearly needed in the IoT space. Now customers can quickly enhance their existing products, or build new products with a growing library of cost-saving and feature-rich applications.”
The ability to deepen the value proposition of service providers comes from the development of new applications. Aiding in that development is the introduction of Omega DevCloud, allowing web developers to build connected applications using common web language.
“Not only are we making the Internet of Things and M2M easier, we are making it exciting,” said Felix Lluberes, President of Location-Based Services at RacoWireless. “All of these tools come together to make this ecosystem work in a synchronistic way. By creating the Application Marketplace, we’ve opened the doors to innovation and monetization.”
Recently named as the “Best Application Development Environment” by M2M Evolution Magazine, RacoWireless’ Position Logic is a location-based services platform that features an intuitive environment to implement and control end-to-end, connected solutions. Operating in 70 countries, the platform will allow both new and existing customers access to enhanced features, further empowering customers with dynamic value.
The Application Marketplace is currently available. For more information, visit www.positionlogic.com/appmarketplace. See the Application Marketplace in action in booth #4826 at Super Mobility Week 2014, September 9-11, 2014, in Las Vegas.
LAS VEGAS – August 12, 2014 – RacoWireless (www.racowireless.com), a global machine-to-machine (M2M) service provider, today announced that it will launch Omega DevCloud, facilitating communication with IoT applications in a standardized, easy-to-use environment. The new product will remove the historical obstacles to device communication by providing an intuitive interface that is able to take device messages and commands, in any format and on virtually any device, and translate the data into a standardized format, common to web developers.
“Our mission in everything that we do is to ‘make it easy’, and with the launch of Omega DevCloud, we are once again taking the complicated and making it easy,” said John Horn, president of RacoWireless. “We see a very fragmented space as companies and individuals from all backgrounds are clamoring to adopt connected technologies. However, it has been a challenge for many to get to market because of the lack of industry standards and high upfront development costs. With the launch of Omega DevCloud, we are changing all of that.”