More Consolidation as KORE Acquires Wyless

This week, KORE Wireless announced its all-cash acquisition of Wyless Group Holdings, making KORE one of the six largest global providers of M2M/IoT services. The mega-company will consist of more than 300 employees and will maintain its 3,000+ customer base, focusing on wireless managed services that include data collection/management and telecommunications solutions. The acquisition is expected to wrap up at the beginning of Q2 this year.

For more information on the acquisition, read James Brehm's LinkedIn Pulse article, The Big Dog Emerges: a postmortem on Kore's acquisition of Wyless Group Holdings.