KORE Telematics Honored in Deloitte Technology Fast 50 Program for Maryland and Virginia as the Third Fastest Growing
Reston, VA and TORONTO, ON— Sept 26, 2008—KORE Telematics, the world's largest digital wireless services provider specializing in machine-to-machine (M2M) communications, has been named to Deloitte's prestigious Technology Fast 50 Program for Maryland and Virginia, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003–2007.
The broad deployment of machine-to-machine (M2M) applications across a variety of industries has driven the company's 13,675 percent revenue growth over the five-year period, earning the company top three recognition.
KORE president and COO Alex Brisbourne commented, "As a pioneer in the M2M industry, we are pleased to be recognized by Deloitte as a leader in our emerging market. KORE provides the most reliable, flexible and cost effective wireless connectivity for applications that impact businesses on the bottom line and the top line: automating business processes, maximizing return from valuable resources, and improving asset security – all reducing real business costs and driving profitable growth in today's competitive business environment."
Continued Brisbourne, "We look forward to continued growth by delivering the best in M2M services and support to our partners, who deliver innovative, valuable solutions for automated 'smart homes,' real-time asset and people location, commercial and residential security, overt and covert tracking systems, broad-scale automated power metering and utility 'SmartGrid' control, long-haul and regional fleet management, modern vehicle telematics and tracking, and much more, to both industry and government."
KORE is the only M2M provider with direct, reliable connectivity to the extensive CDMA and GSM networks of Tier 1 carriers. Its extensive network service offerings span the globe, serving the entirety of North America and internationally. Delivering services through the company's pioneering PRISM™ Gateway, KORE application and solution partners have real-time control and management of activation, usage and alarms for their widely deployed M2M solutions.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Maryland or Virginia, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the nine regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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