KORE, a global leader in the Internet of Things (“IoT”) solutions and global Connectivity-as-a-Service (“CaaS”), announced that it has been named, by Gartner as the Leader in the Magic Quadrant for Managed IoT Connectivity Services, advancing its position as an IoT visionary. The assessment was based on specific criteria that assessed the company’s overall vision completeness and ability to execute.
“KORE is honored to be recognized as the only independent service provider in the Leader’s Quadrant for the second year in a row,” said Romil Bahl, President, and CEO of KORE. “KORE is here to assist customers in overcoming IoT adoption challenges by simplifying the myriad complexities, and thus effectively deploy, manage, and scale their IoT solutions for an accelerated return on investment.”
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Despite the current headwinds of network sunsets in the US, 2020 was a year of growth for KORE, which bodes well for future growth prospects as the migration to LTE is completed and 5G is on the horizon. KORE has made significant investments in its IoT platform, as well as its eSIM and Core Network technology stacks, positioning KORE as a leader in the adoption of eUICC technology, the next generation of IoT connectivity. KORE simplifies the deployment of complex, global IoT solutions with secure network architecture, IoT-optimized rate plans, and a unified, powerful connectivity management platform.
KORE also provides end-to-end IoT solutions with globally compliant services to manage IoT deployments throughout their entire lifecycle. With facilities on four continents, KORE is able to provide regulatory-compliant services. HIPAA, FDA, ISO 13485, and 9001 registrations, as well as MDD/MDR CE 0086 and WEEE compliance in Europe, are all available.
KORE recently announced a definitive merger agreement with Cerberus Telecom Acquisition Corp., a special purpose acquisition company affiliated with Cerberus Capital Management, L.P. The combined company expects to be listed on the New York Stock Exchange under the ticker symbol KORE once the transaction is completed, which is expected in mid-2021.
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Magic Quadrant reports are the culmination of rigorous, fact-based research in specific markets, providing a broad perspective on the relative positions of providers in markets with high growth and distinct provider differentiation. Leaders, Challengers, Visionaries, and Niche Players are the four quadrants in which providers are classified. The research enables you to get the most out of market analysis by aligning it with your specific business and technology requirements.
