KORE Surpasses 20 Million Total IoT Connections

Rhea-AI Summary

KORE Group Holdings (KORE) has achieved a significant milestone of 20 million Total IoT Connections, reinforcing its position as one of the largest global IoT connectivity providers. Founded over 20 years ago, KORE has evolved from a machine-to-machine connectivity pioneer into a comprehensive IoT solutions provider. CEO Ron Totton emphasized the company's commitment to reliability, scale, and innovation, announcing their next target of 30 million connections. The achievement has been validated by testimonials from key partners including Linxup, Halo Collar, Status Awareness Systems Australia, and Intellishift, who highlighted KORE's reliable connectivity, proactive support, and ability to enable business expansion across new geographies.

Positive

• Reached significant milestone of 20 million Total IoT Connections, demonstrating market leadership
• Strong customer testimonials from multiple industry partners validating service quality
• Company shows continued growth potential with next target of 30 million connections
• 20+ years of operational experience in IoT industry showing stability and expertise

Negative

• None.

Insights

IoT Industry Analyst

KORE's 20 million IoT connections milestone demonstrates significant market position and operational scale in the growing IoT connectivity market.

KORE's achievement of 20 million Total IoT Connections represents a significant operational milestone that solidifies its position as one of the largest IoT connectivity providers globally. For context, this scale is crucial in the IoT connectivity market where network effects and economies of scale drive competitive advantage and operational efficiency.

The company's evolution from a machine-to-machine connectivity pioneer to a comprehensive IoT solutions provider over its 20-year history demonstrates successful navigation of the rapidly evolving IoT landscape. This transition from pure connectivity to offering solutions and analytics is strategically important as it typically enables higher margins and stickier customer relationships compared to commodity connectivity services.

The testimonials from multiple long-term customers across diverse sectors (fleet management, pet technology, and racing telemetry) highlight KORE's ability to maintain customer relationships over extended periods—some exceeding a decade—which suggests strong customer retention and recurring revenue streams. Specifically, customers cited KORE's carrier-agnostic approach, proactive support, and cross-border capabilities as key differentiators.

What's particularly noteworthy is the company's stated ambition to reach 30 million connections, indicating confidence in their growth trajectory despite the increasingly competitive IoT connectivity market. This forward-looking target suggests KORE anticipates continued market expansion and the ability to capture additional market share in what remains a fragmented industry undergoing consolidation.

Milestone underscores IoT leader's global momentum in connected device deployments

ATLANTA, June 16, 2025 KORE Group Holdings, Inc. ("KORE" or the "Company"), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, today announced it has reached a major industry milestone: 20 million Total IoT Connections. This achievement solidifies KORE's position as one of the largest and most reliable IoT connectivity providers globally and underscores the company's continued momentum in enabling scalable, secure and seamless connected solutions.

"This 20-million milestone is a significant achievement and is a reflection of the trust our customers place in us and the passion our team brings every day," said Ron Totton, President and CEO of KORE. "We've built this momentum through a relentless focus on reliability, scale and innovation. As we look ahead, we're not stopping – we're accelerating toward our next milestone: 30 million connections, powering the connected future."

Founded more than 20 years ago, KORE has grown from a pioneer in machine-to-machine connectivity into a trusted global IoT partner. Today, KORE empowers customers by delivering reliable connectivity, advanced solutions and actionable analytics that help drive business outcomes.

"KORE provides us with an effective and competitive carrier-agnostic bandwidth solution, but what truly sets them apart is their proactive support and willingness to step in and solve complex challenges," said Naeem Bari, President & CTO of Linxup. "They have been an invaluable partner to our success."

"As a partner for more than a decade, it has been exciting to watch KORE continue to maintain a leadership position within the IoT industry," said Michael Ehrman, Founder and Chief Technology Officer at Halo Collar. "Congratulations on this milestone."

With a focus on customer success, KORE continues to expand its capabilities to meet the evolving needs of IoT deployments around the world.

"Reaching 20 million active SIMs globally is a testament to KORE's ability to scale and support growing IoT businesses like ours," said Stephen Sims, Managing Director at Status Awareness Systems Australia. "As our trusted connectivity partner, KORE has helped us expand our operations across new geographies with reliable, seamless service. Their expertise and global reach have been instrumental in our growth."

As the IoT landscape continues to grow at an unprecedented rate, KORE remains committed to leading the way with world-class infrastructure, end-to-end solutions and deep vertical expertise. This milestone signals the company's strong foundation and serves as a launchpad for its next phase of growth.

"KORE has been instrumental in helping us deliver on our mission to unify fleet operations for over 15 years," said Ryan Wilkinson, Chief Operating Officer of Intellishift. "Their reliable IoT connectivity and hands-on support have allowed us to scale our solutions efficiently and expand into new markets. It's a great example of IoT in action, and KORE has been a key partner in making that vision a reality."

To learn more about KORE's journey to 20 million SIMs, read the infographic "Anatomy of 20 Million Connections" here.

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. 

Our "Total IoT Connections" with respect to any financial period constitutes the total of all our IoT Connectivity services connections for such period, which includes the contribution of eSIMs but excludes certain connections where mobile carriers license our subscription management platform from us.

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," "guidance," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "momentum," "expect," "should," "would," "plan," "predict," "potential," "accelerate," "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 the expansion of KORE's service capabilities and future performance metrics and future market opportunities. 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 those Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. 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.

KORE Media Contact
Kayleigh Thomas
Director, Marketing
kthomas@korewireless.com 

KORE Investor Relations Contact
Vik Vijayvergiya
Vice President, IR, Corporate Development and Strategy
vvijayvergiya@korewireless.com 

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SOURCE KORE Group Holdings, Inc.

FAQ

What milestone did KORE (KORE) achieve in June 2025?

KORE achieved 20 million Total IoT Connections, establishing itself as one of the largest global IoT connectivity providers.

Who is the CEO of KORE (KORE) and what is their next connection target?

Ron Totton is the President and CEO of KORE, and the company's next target is to reach 30 million connections.

How long has KORE (KORE) been operating in the IoT industry?

KORE has been operating for more than 20 years, evolving from a machine-to-machine connectivity pioneer into a trusted global IoT partner.

What services does KORE (KORE) provide to its customers?

KORE provides IoT Connectivity, Solutions and Analytics, offering reliable connectivity, advanced solutions, and actionable analytics to help drive business outcomes.

Which major companies are among KORE's (KORE) partners?

KORE's partners include Linxup, Halo Collar, Status Awareness Systems Australia, and Intellishift, who use their IoT connectivity services for various applications.