KORE Named as a Leader in the 2023 Gartner® Magic Quadrant for Managed IoT Connectivity Services

Recognized for Completeness of Vision and Ability to Execute

ATLANTA (Feb. 7) – KORE, a global leader in Internet of Things (“IoT”) Solutions and worldwide IoT Connectivity-as-a-Service (“IoT CaaS”), announced today that it has been named by Gartner as a Leader in the Magic Quadrant for Managed IoT Connectivity Services. The evaluation was based on specific criteria that analyzed the company’s overall completeness of vision and ability to execute.

“This year marks the fourth year in a row that KORE has been named a leader by Gartner in its Magic Quadrant for IoT Connectivity,” KORE President and CEO Romil Bahl said. “Leveraging hard work, key partnerships and collaboration across the entire IoT ecosystem, as well as direct feedback from our valued customers, we deliver IoT to businesses with ease and simplicity. KORE helps our customers adopt IoT by reducing deployment complexities, and an industry-leading eSIM or eUICC capability that we market as KORE OmniSIM, and to be recognized for our IoT Connectivity leadership is tremendous.” 

KORE is the only pure-play global IoT provider and has expert partnerships with leading hyperscalers to help organizations drive optimized IoT solutions with analytics to shape business outcomes now and in the future. KORE also offers a unique, diverse portfolio of connectivity offerings to meet the requirements of global, on-the-move applications.

As part of its robust solution set, KORE offers a full suite of managed services designed to simplify the complexities of logistics and operations management associated with the IoT lifecycle, which includes provisioning, activation, deployment, regulatory compliance, end-of-life care for devices and global scale solutions.

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.

1Source: Gartner, Magic Quadrant for Managed IoT Connectivity Services, Worldwide, 30 January, 2023, Pablo Arriandiaga, Eric Goodness, Kameron Chao, Jon Dressel

View a complimentary copy of the Magic Quadrant report to learn more about KORE, among other provider offerings, on the KORE website. 

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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 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 Investors Contact: 
Charley Brady
Vice President, Investor Relations 
investors@korewireless.com 
+1-678-392-2335

KORE Media Contact:
Carla Deisenroth
Vice President, Strategy & Marketing
cdeisenroth@korewireless.com
+1-248-982-2759

Cautionary Note on 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 KORE’s future product or service offerings, projections of market opportunity and conditions, and related expectations. These statements are based on various assumptions and on the current expectations of 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 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; risks relating to the integration of KORE’s acquired companies, 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 anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE 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.