It’s been a couple months since the announcement that KORE Telematics and RacoWireless are combining under the ownership of private equity firm ABRY. Today at ITEXPO, John Horn offered IoTevolutionworld an update on the integration effort.
“Now we are the 800-pound gorilla,” said Horn, formerly the head of Raco and now KORE’s executive vice president and chief strategy officer. “We are by far the largest player in the space.”
The combined company sells 2G, 3G, 4G GSM, LTE, CDMA, and satellite data connections for M2M/IoT applications.
While mergers frequently signal layoffs and office closings, Horn said this pairing is all about growth. “Both businesses were growing like crazy” before the deal, he added.
The integration of the two businesses and their offerings is expected to be largely complete by the end of the year, he said, adding the company will take its time in bringing everything together to make sure it’s done right. Efforts that involve combining the people will probably come first, he said, while integration of the platforms and complex systems will probably happen later this year.
KORE is also likely to do addition acquisitions going forward, Horn said. That could be driven by an interest in acquiring new technology and/or expanding geographically, he said. And while KORE is not looking to buy a company in any specific product category, Horn said the company wants to continue to disrupt the market.
The end goal for KORE, he explained, is to make implementing and supporting M2M solutions easier for its customers.
Omega DevCloud is one example of how the company is doing that, said Landon Garner, director of marketing. It can take any data source and connect it into any M2M application. In fact, he said, it enables users to connect any machine to any M2M application within five minutes.
Everyone is talking about M2M and the IoT. If you want to learn more about the strategies you can implement today, hear case studies and get insight from the leaders and innovators in this space, be sure to register and attend M2M Evolution Conference & Expo taking place January 27–30, 2015 at the Miami Beach Convention Center. Stay in touch with everything happening at the event -- follow us on Twitter
Edited by
Maurice Nagle
