ATLANTA and BOSTON —April 13, 2016— KORE Wireless Group, Inc. (“KORE”), the world’s largest managed wireless network services provider specializing in Machine-to-Machine (M2M) communications and the Internet of Things (IoT), today announced that it has completed the acquisition of Wyless Group Holdings (“Wyless”).
The all-cash transaction closed on April 11, 2016, following the clearance of regulatory requirements. Financial terms are not disclosed. For more information visit: www.wyless.korewireless.com.
About KORE Wireless Group
KORE provides the connectivity and services that make the Internet of Things possible. Founded in 2003, KORE is the worlds’ largest managed network services provider specializing in Internet of Things (IoT) and Machine to Machine (M2M) markets. KORE provides the critical wireless connectivity empowering application, hardware and wireless operator partners to rapidly bring new IoT and M2M innovations to market, with millions of active on-network units in more than 110 countries. KORE delivers choice, reliability and global native coverage through multi-carrier and Tier 1 carrier cellular and satellite network services – including LTE, GSM and CDMA - as well as advanced applications to easily manage IoT connected devices. KORE Position Logic software provides seamless location-based services (LBS) for businesses. For more information, visit www.koretelematics.com, read the KORE blog and connect with KORE on LinkedIn, Google+, Facebook, Twitter, YouTube and Vimeo.
For Additional Information Contact:
Rob Skinner or Maggie Fairchild