KORE Wireless Group to acquire Wyless Group Holdings

KORE Wireless Group, a leading managed wireless network services provider specializing in machine-to-machine (M2M) communications and the Internet of Things (IoT), has announced the acquisition of Wyless Group Holdings.

The combined company will be supported by a staff of more than 350 team members, maintain a customer base of more than 3,000 B2B companies globally and serve in excess of six million subscribers on behalf of those customers.

“Both Wyless and KORE have a long history, dating back to 2003, of serving the M2M market from its early beginnings through innovation and strong customer relationships,” said Alex Brisbourne, CEO of KORE. “We expect our high-performing teams to come together to push into new realms of software services for tomorrow’s globally connected business environment. This combination provides greater opportunity for our customers, small and large, to scale, expand and grow their businesses in IoT as they reach out into new markets and geographies.”

The combined business will have physical presence and data center operations in Asia, Latin America, Europe and North America to support customers on a global scale.

“Bringing our combined resources together will allow us to deliver solutions that, quite simply, aren’t available in the market for many to access to date,” said Mike Coffey, CEO, Wyless Group. “We have the strongest financial underpinning in the industry, and will call upon these resources to invest in lock-step with the desires of our customer base.”

Alex Brisbourne will continue on in his role as CEO of the combined business and Mike Coffey, current CEO of Wyless, will assume the new position of chief operating officer. The executive team will comprise of key executives from both companies.