CORRECTING and REPLACING KORE Positioned Fourth Highest in Ability to Execute in Gartner’s Magic Quadrant Report for Managed Machine-to-Machine Services, Worldwide

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Global Leader in IoT Software Service and Platforms Ascends from Niche to Challenger Quadrant

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Please replace the release dated October 20, 2016 with the following corrected version due to multiple revisions.

The corrected release reads:

KORE POSITIONED FOURTH HIGHEST IN ABILITY TO EXECUTE IN GARTNER’S MAGIC QUADRANT REPORT FOR MANAGED MACHINE-TO-MACHINE SERVICES, WORLDWIDE

Global Leader in IoT Software Service and Platforms Ascends from Niche to Challenger Quadrant

KORE, the people powering Internet of Things (IoT) innovations and opportunities, today announced that Gartner positioned KORE as the only Challenger in the Magic Quadrant for Managed Machine-to-Machine (M2M) Services, Worldwide. KORE achieved significant movement in the “Ability to Execute” axis, placing fourth across all players. Download the full complimentary report here.

Through rapid organic growth and the acquisition of Wyless, which was also a highly positioned 2015 Niche Quadrant contender, KORE emerged as one of the six largest providers of M2M/IoT services globally, inclusive of carriers. The Magic Quadrant report, led by Gartner Research Vice President Eric Goodness, recognizes KORE for its ability to execute and completeness of vision.

KORE made significant achievements in redefining the customer experience for IoT developers and partners. Through software services, platforms and connectivity, KORE provides end-to-end services that power the IoT for the world’s largest enterprise customers. Gartner’s report recognizes this, stating, “KORE's partnerships and operational scale allow the company to surpass many Tier 1 CSPs in terms of operational efficiencies, coverage and cost savings.”

“We consider Gartner’s findings a confirmation of what KORE customers experience on a daily basis. We believe the strong ability to execute placement speaks to our customer-centric approach and ubiquitous, always-on reliability,” said KORE CEO Alex Brisbourne. “We also believe the report further reinforces that KORE is the trusted partner for strategic IoT initiatives, such as solution monetization, enterprise applications and broad platform services, exemplified by our recent partnership announcement with Apple.”

KORE is the trusted leader in IoT and M2M services for a wide variety of industries, including finance and retail, fleet and asset tracking, utilities, smart cities, industrial networking, healthcare and more. Through considerable investments in professional services and IoT Platform services, KORE provides a single pane-of-glass experience and a more rapid path to market than working directly with carriers.

KORE serves more than six million subscribers on behalf of 3,000 B2B companies. To download the full report, visit: KOREWireless

About KORE
KORE provides the people, expertise and technology to support the many visions of the IoT, from the Inspiration of Things to the Innovation of Things to the Internet of Things. Founded in 2003, KORE quickly rose to become the world’s largest managed network services provider specializing in Internet of Things (IoT) and Machine to Machine (M2M) communications. KORE is a global leader in software service and platforms that power the IoT, with millions of active on-network units. KORE is the brand powering other leading brands, including some of the world’s largest enterprise customers. KORE’s singular customer-centric focus is to identify and develop solutions that help clients realize IoT innovations and accelerate time-to-market schedules. KORE has over 350 people who serve customers in 110 countries, empowering new business models and opportunities to monetize the IoT. KORE, The people powering the IoT. For more information, visit www.korewireless.com, read the KORE blog and connect with KORE on LinkedIn, Google+, Facebook, Twitter, YouTube and Vimeo.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

MSLGROUP for KORE
Joe Palladino or Maggie Fairchild, 781-684-0770
kore@mslgroup.com

Source: KORE

Released October 20, 2016