KORE Named a Leader by Gartner in the Magic Quadrant for Managed IoT Connectivity Services, Worldwide, for Fifth Consecutive Time

Based on Completeness of Vision and Ability to Execute  

ATLANTA (February 15, 2024) -- KORE, a global leader in Internet of Things (“IoT”) Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today its fifth consecutive recognition as a Leader in the 2024 Gartner® Magic Quadrant for Managed IoT Connectivity Services, Worldwide. 

Romil Bahl, President, and CEO of KORE, expressed gratitude for the consecutive recognition by Gartner, emphasizing the company's commitment to delivering swift and resilient IoT connectivity solutions. “Our customers are the cornerstone of our business, which is why KORE is dedicated to a clear vision and strategy to build a diverse suite of offerings that guarantee multi-technology, multi-carrier, global connectivity, regardless of location. The fact that we are recognized by Gartner is particularly satisfying.” 
 
KORE transforms intricate and fragmented IoT offerings into seamless, scalable solutions. The company provides comprehensive global coverage plans managed through a single, unified platform, a spectrum of compatible hardware and device options and robust IoT managed services designed to simplify the complexities inherent in the complete IoT lifecycle. KORE stands as a global leader in bringing together the complex puzzle of IoT needs, offering one-stop solutions tailored for local markets and diverse use cases. 

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs. 

To view a complimentary copy of the Magic Quadrant report, and learn more about KORE’s offerings, click here.  

Gartner disclaimer 
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.  

Gartner, Magic Quadrant for Managed IoT Connectivity Services, Worldwide, By Pablo Arriandiaga, Kameron Chao, Jon Dressel, 12 February 2024 
  
Gartner does not endorse any vendor, product, or service depicted in our 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. 

About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. For more information, visit korewireless.com. 

KORE Media Contact
Stephen Bell 
Marketing Manager
Email: sbell@korewireless.com
+1-440-622-9352

Forward-Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations. These statements are based on various assumptions and on the current expectations of CTAC or KORE’s management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CTAC and/or KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political, and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE’s business and the timing of expected business milestones; changes in the assumptions underlying KORE’s expectations regarding its future business; the effects of competition on KORE’s future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE’s expectations, plans or forecasts of future events and views as of the date of this press release. KORE and CTAC anticipate that subsequent events and developments will cause these assessments to change. However, while KORE and/or CTAC may elect to update these forward-looking statements at some point in the future, each of KORE and CTAC specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.