At the end of August, James and Lawrence wrote a blog covering the beginning of the MVNO rollup. They dealt with questions of global scale, acquisitions in the M2M/IoT space, and the viability of a truly global strategy. A little over two months later, after KORE Wireless announced the purchase of RacoWireless, James and Lawrence teamed up to provide further analysis of how the rollup continues and the challenges that may arise along the way.
The following excerpt is from the article published in today’s M2M Evolution Feature Article:
The rollup is still underway. On Tuesday, November 11, KORE Wireless announced its purchase of RacoWireless. Recently, Boston-based Private Equity Firm, Abry Partners purchased a majority stake in KORE. With Abry’s financial backing, KORE claimed its first acquisition, and it is speculated that more are coming. KORE and the lofty ambitions of becoming a global IoT company of scale offering complete, end-to-end M2M/IoT solutions. And initial indications are that KORE management is well on the way to achieving that goal…
To read the full article, follow this link: http://bit.ly/1t0aD1G