KORE and TD SYNNEX Announce Strategic Alliance to Simplify Connectivity
Rhea-AI Summary
KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler, has formed a strategic alliance with TD SYNNEX, a leading global IT solutions distributor. Through this partnership, KORE's OmniSIM® US connectivity plans will be available through TD SYNNEX's distribution network.
The collaboration aims to simplify IoT connectivity deployment by combining KORE's IoT expertise and carrier relationships with TD SYNNEX's extensive channel reach. Key benefits include streamlined access to connectivity solutions, hardware sourcing capabilities, and a flat-rate billing model designed for easy channel engagement.
Positive
- Partnership with TD SYNNEX expands KORE's distribution reach
- Simplified procurement process through TD SYNNEX's network
- Addition of hardware sourcing capabilities for end-to-end IoT solutions
- Implementation of easy-to-quote, flat-rate billing model
Negative
- None.
News Market Reaction 3 Alerts
On the day this news was published, KORE declined 3.34%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.4% during that session. Argus tracked a trough of -3.0% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $38M at that time.
Data tracked by StockTitan Argus on the day of publication.
Making IoT Connectivity Easier to Buy and Faster to Deploy
"At KORE, we are committed to eliminating the complexity of connectivity so businesses can focus on innovation and growth," said Ryan Yahrmatter, Senior Vice President of Strategic Partnerships & Carrier Relations at KORE. "By aligning with TD SYNNEX, we are making it easier than ever for customers to access best-in-class IoT connectivity with straightforward pricing models. This collaboration is a significant step in ensuring businesses have the seamless, scalable connectivity solutions they need."
By combining KORE's deep expertise in IoT and carrier relationships with TD SYNNEX's expansive channel reach, this collaboration is designed to reduce complexity and shorten the path from concept to deployment. In addition to providing streamlined access to connectivity solutions, KORE's ability to source hardware and components not typically available through TD SYNNEX adds significant value for resellers and solution providers building end-to-end IoT offerings.
"TD SYNNEX is committed to uniting IT solutions that deliver business outcomes today and unlock growth for the future. Our strategic partnership with KORE empowers us to offer comprehensive cloud and connectivity solutions with multiple routes to market for advisors and resellers. This collaboration ensures our customers can harness the full potential of technology to achieve remarkable results," said Marcie Stout, Vice President, Cloud Marketplace and ISV at TD SYNNEX.
KORE is reinforcing its role as a single source of IoT connectivity with an easy-to-quote, flat-rate billing model that simplifies engagement for the channel. With procurement now available through TD SYNNEX, channel partners can quickly access the flexible, carrier-grade connectivity needed to support deployments across a range of industries and use cases.
"This collaboration with TD SYNNEX represents a pivotal moment in our go-to-market approach," said Jared Deith, Chief Revenue Officer at KORE. "By streamlining how connectivity is purchased and deployed, we're equipping partners with the tools they need to accelerate adoption, reduce time to revenue, and ultimately bring more value to their customers."
For more information click here or contact us via email at TDSYNNEX@korewireless.com.
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
Kayleigh Thomas
Marketing Director
Email: kthomas@korewireless.com
+1-416-984-1262
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SOURCE KORE Group Holdings, Inc.