Welcome to our dedicated page for Kore Group Holdings news (Ticker: KORE), a resource for investors and traders seeking the latest updates and insights on Kore Group Holdings stock.
KORE Group Holdings (NYSE: KORE), a global leader in IoT solutions and managed network services, maintains this dedicated news hub for stakeholders tracking its market position and technological advancements. Our curated collection provides immediate access to official announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find essential updates including quarterly earnings reports, IoT product launches, partnership announcements, and executive leadership changes. Each release is verified at source to ensure accuracy in tracking KORE's progress as an IoT hyperscaler and connectivity innovator.
The archive spans multiple business dimensions: financial performance updates, IoT solution deployments, strategic acquisitions, and technology partnerships. This resource enables systematic analysis of KORE's growth in machine-to-machine communications and global IoT infrastructure development.
Bookmark this page for streamlined monitoring of KORE's operational milestones and regulatory filings. Combine periodic checks with real-time alerts through your preferred financial news platform for comprehensive market awareness.
KORE (NYSE: KORE) has announced a collaboration with Kigen and Energy Web to enhance IoT security through an integrated eSIM-based trusted identity system for smart grid applications. The partnership utilizes KORE's OmniSIM solution, featuring eSIM technology and OPEN IoT SAFE, to provide secure connectivity and address potential security risks in IoT. This innovative technology, which will be showcased at Mobile World Congress in March, aims to facilitate the transition to renewable energy and ensure trustworthy data communication within the IoT ecosystem.
KORE Group Holdings, Inc. has acquired Business Mobility Partners and SIMON IoT, enhancing its IoT solutions in the healthcare sector. This strategic move is aimed at expanding services in the Life Sciences industry, particularly amidst a shift towards digital healthcare practices, with 80% of healthcare professionals planning increased digital investments. The acquisition positions KORE as a leader in Connected Health, allowing access to improved IoT services and connectivity. The transaction is expected to close in February, with both companies continuing operations under their respective names while integrating KORE's solutions.
KORE, a leader in IoT solutions, will present at the Oppenheimer 5G Summit on December 14, 2021, at 3:45 p.m. Eastern time. The conference will cover the Wireless and Cloud Convergence theme. KORE's executive team will engage in one-on-one meetings with investors during the event. Registration is required, and a webcast of the presentation will be available afterward. Investors can contact KORE's Investor Relations for further details. For more information, visit www.korewireless.com.
KORE Group Holdings, Inc. (NYSE: KORE) has appointed Paul Holtz as interim Chief Financial Officer, succeeding Puneet Pamnani, who is leaving for new opportunities. Holtz has been with KORE since 2017 and has extensive public company experience in the technology sector. Pamnani will remain with the company until February 28, 2022, to assist in the transition. KORE is conducting a search for a permanent CFO to support its growth strategy. President and CEO Romil Bahl expressed confidence in Holtz's capabilities during this transition.
KORE (NYSE: KORE) has launched KORE OmniSIM™, a global eSIM solution aimed at simplifying IoT connectivity worldwide. This next-generation connectivity offers zero-touch provisioning and resilient network access through two offerings: OmniSIM Reach™ and OmniSIM Rush™. OmniSIM Reach enables access to nearly 600 networks in 198 countries, while OmniSIM Rush focuses on high-bandwidth performance across 61 networks in 34 countries. KORE's innovative solutions are recognized in the industry, highlighting its leadership in eSIM technology.
KORE Group Holdings reported strong financial results for Q3 and nine months ending September 30, 2021, highlighting a 22.8% revenue increase to $67.9 million compared to Q3 2020. The company expects 2021 revenue to exceed $240 million, driven by significant growth in its IoT Solutions segment, which surged 68.2%. Total customer connections rose to 13.6 million. Net loss narrowed to $4.5 million from $5.6 million. KORE also completed its business combination with Cerberus Telecom, enhancing its financial flexibility.
KORE Group Holdings, Inc. (NYSE: KORE) will host a conference call on November 15, 2021, at 5:00 p.m. ET to discuss its financial results for the third quarter ending September 30, 2021. Financial results will be shared in a press release prior to the call. Participants can join via a U.S. dial-in number (877) 407-3039 or an international line (215) 268-9922. A webcast will also be available for public access. KORE is a leader in Internet of Things (IoT) solutions, empowering organizations globally with its Connectivity-as-a-Service offerings.
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